SANFILIPPO JOHN B & SON INC

Listed Company

JBSSCIK 0000880117NasdaqLarge AcceleratedSugar & Confectionery ProductsDelawareFY ends Jun 28

Period

FY 2025

Revenue

$1.11B

Net Income

$58.93M

Total Assets

$597.60M

Equity

$360.70M

Shares Out

8.12M

Op. Cash Flow

$30.55M

Business

SANFILIPPO JOHN B & SON INC is a processor and distributor of tree nuts and peanuts and a manufacturer of snack and nutrition bars. The company offers a portfolio of raw and processed nuts (peanuts, pecans, cashews, walnuts, almonds and others), private brand and branded snack products, bars, peanut and nut butters, trail mixes, dried fruit and related snack items. It operates as a single reporting unit focused on nut and bar products with vertically integrated sourcing, shelling, processing, packaging and marketing. Products are sold domestically through consumer retail, commercial ingredient and contract manufacturing distribution channels, including brick-and-mortar and e-commerce retailers.

Summary from filing dated 2025-08-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Net sales	1,107	1,067	1,000	956	858
Cost of sales	904	853	788	756	673
Gross profit	203	214	212	200	185
Selling expenses	79	83	77	77	63
Administrative expenses	40	48	45	38	37
Bargain purchase gain, net	0	−2	0	0	—
Total operating expenses	119	129	121	112	100
Income from operations	85	85	90	87	85
Interest expense including $626, $691 and $750 to related parties, respectively	4	3	2	—	—
Rental and miscellaneous expense, net	2	1	1	1	1
Pension expense (excluding service costs)	1	1	1	2	3
Total other expense, net	7	5	5	6	5
Income before income taxes	78	80	85	82	80
Income tax expense	19	20	22	20	20
Net income	59	60	63	62	60
Amortization of actuarial loss included in net periodic pension cost	0	0	21,000	1	1
Net actuarial (loss) gain arising during the period	−480,000	1	2	5	−2
Other comprehensive (loss) income, net of tax	−480,000	1	2	7	−395,000
Comprehensive income	58	61	65	68	59
Net income per common share basic	5.06	5.19	5.43	5.36	5.19
Net income per common share diluted	5.03	5.15	5.4	5.33	5.17
Cash dividends declared per share	2.1	3	4.75	3	5
Weighted average shares outstanding basic	12	12	12	12	12
Weighted average shares outstanding diluted	12	12	12	12	12

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	585,000	484,000	2	415,000	672,000
Accounts receivable, less allowance for doubtful accounts of $293 and $318, respectively	77	85	73	70	66
Inventories	255	197	173	205	148
Prepaid expenses and other current assets	15	12	7	8	9
TOTAL CURRENT ASSETS	346	294	254	283	225
Land	13	13	9	9	9
Buildings	119	116	104	103	103
Machinery and equipment	327	296	262	245	226
Furniture and leasehold improvements	6	5	5	5	5
Vehicles	1	912,000	729,000	614,000	614,000
Construction in progress	7	8	7	6	12
Property, plant and equipment gross	474	438	388	369	356
Less: Accumulated depreciation	309	287	—	—	—
Property, plant and equipment net	165	151	121	117	117
Rental investment property, less accumulated depreciation of $16,053 and $15,246, respectively	13	14	15	15	—
TOTAL PROPERTY, PLANT AND EQUIPMENT	178	165	135	133	133
Intangible assets, net	4	6	7	8	10
Deferred income taxes	6	3	4	3	6
Goodwill	12	12	12	10	10
Operating Lease, Right-of-Use Asset	28	27	6	2	3
Other Assets	23	8	7	8	—
TOTAL ASSETS	598	516	425	447	398
Revolving credit facility borrowings	58	20	0	40	9
Current maturities of related party long-term debt, net	941,000	737,000	672,000	3	4
Accounts payable	60	53	43	48	49
Bank overdraft	294,000	545,000	285,000	214,000	1
Accrued payroll and related benefits	18	36	28	19	24
Other accrued expenses	18	15	14	12	14
TOTAL CURRENT LIABILITIES	156	126	86	123	100
Long-term related party debt, less current maturities, net	15	6	7	8	11
Retirement plan	28	26	27	29	35
Long-term operating lease liabilities, net of current portion	24	25	5	1	2
Long-term workers' compensation liabilities	11	8	7	8	—
Other	4	2	2	381,000	8
TOTAL LONG-TERM LIABILITIES	81	67	47	46	56
TOTAL LIABILITIES	237	193	133	168	156
COMMITMENTS AND CONTINGENCIES	—	—	—	—	—
Capital in excess of par value	140	136	132	129	126
Retained earnings	221	187	162	154	126
Accumulated other comprehensive loss	564,000	1	−204,000	−2	−9
Treasury stock, at cost; 117,900 shares of Common Stock	−1	−1	−1	−1	−1
TOTAL STOCKHOLDERS' EQUITY	361	323	292	279	242
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	598	516	425	447	398

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Net income	59	60	63	62	60
Depreciation and amortization	27	25	21	18	18
Amortization of operating lease right-of-use assets	5	2	2	1	—
Loss on disposition of properties, net	1	558,000	281,000	−2	−3
Deferred income tax benefit	−2	−704,000	−1	551,000	840,000
Stock-based compensation expense	5	4	4	4	3
Loss on previously held equity investment	0	0	1	0	0
Accounts receivable, net	8	−12	−3	−3	−9
Inventories	−58	12	32	−57	24
Prepaid expenses and other current assets	−3	−4	1	285,000	−253,000
Accounts payable	7	11	−5	−94,000	11
Accrued expenses	−15	8	10	−5	−1
Income taxes receivable	108,000	—	—	—	—
Income taxes payable	—	−2	−104,000	−2	−2
Other long-term liabilities	−186,000	−896,000	−162,000	−1	−765,000
Other long-term assets	−4	−59,000	−529,000	564,000	1
Other, net	1	1	1	3	3
Net cash provided by operating activities	31	102	125	20	105
Purchases of property, plant and equipment	−51	−28	−21	−18	−25
Business acquisitions, net	0	−59	−4	0	0
Other, net	−109,000	−63,000	−55,000	−797,000	−579,000
Net cash used in investing activities	−51	−87	−24	−11	−23
Net short-term borrowings (repayments)	37	20	−40	32	−18
Principal payments on long-term debt	−737,000	−672,000	−3	−4	−5
(Decrease) increase in bank overdraft	−251,000	260,000	71,000	−879,000	−948,000
Dividends paid	−24	−35	−55	−35	−57
Proceeds from issuance of debt	9	0	0	—	—
Debt issue costs	−170,000	−316,000	0	0	0
Taxes paid related to net share settlement of equity awards	−490,000	−684,000	−379,000	−1	−535,000
Net cash used in financing activities	20	−16	−99	−8	−83
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	101,000	−1	2	−257,000	−863,000
Interest paid	3	2	2	2	1
Income taxes paid, excluding refunds of $53, $227 and $120, respectively	21	22	23	21	22

Filings

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