John B Sanfilippo & Son Inc. Reports Earnings Results for the Second Quarter Ended December 27, 2018
January 30, 2019 at 04:10 pm
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John B Sanfilippo & Son Inc. announced earnings results for the second quarter ended December 27, 2018. For the second quarter, the company announced sales was USD 253.317 million compared to USD 258.805 million a year ago. Operating income was USD 16.640 million compared to USD 14.102 million a year ago. Net income was USD 11.264 million compared to USD 7.609 million a year ago. Basic earnings per share was USD 0.99 compared to USD 0.67 a year ago. Diluted earnings per share was USD 0.98 compared to USD 0.67 a year ago. For the half year, sales was USD 457.605 million compared to USD 474.469 million a year ago. Operating income was USD 26.692 million compared to USD 31.717 million a year ago. Net income was USD 17.870 million compared to USD 18.320 million a year ago. Basic earnings per share was USD 1.57 compared to USD 1.61 a year ago. Diluted earnings per share was USD 1.56 compared to USD 1.6 a year ago.
John B. Sanfilippo & Son, Inc. is a processor and distributor of peanuts, pecans, cashews, walnuts, almonds and other nuts in the United States. Its nuts are sold under its Fisher, Orchard Valley Harvest, Squirrel Brand and Southern Style Nuts brand names and under a variety of private brands. It also markets and distributes a diverse product line of food and snack products, including peanut butter, almond butter, cashew butter, candy and confections, snack and trail mixes, nutrition bars, snack bites, sunflower kernels, dried fruit, corn snacks, chickpea snacks, sesame sticks and other sesame snack products under its brand names and under private brands. Its products are raw and processed nuts. The nut product line includes almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts and filberts. Its products are sold through food retailers in the consumer channel, commercial ingredient users and contract packaging customers.