SANFILIPPO JOHN B & SON INC
For the period ended Dec 28, 2023. Filed Feb 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 28, 2023 · Filed Feb 1, 2024
JBSS$56.11-1.8%Stored close · as of Nov 10, 2026
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Item 1. Financial Statements (Unaudited)
CONSOLID ATED STATEMENTS OF COMPREHENSIVE INCOME
| For the Quarter Ended | For the Twenty-Six Weeks Ended | |||
|---|---|---|---|---|
| December 28,2023 | December 29,2022 | December 28,2023 | December 29,2022 | |
| Net sales | $291,222 | $274,328 | $525,327 | $526,929 |
| Cost of sales | 233,283 | 217,826 | 410,366 | 419,784 |
| Gross profit | 57,939 | 56,502 | 114,961 | 107,145 |
| Operating expenses: | ||||
| Selling expenses | 21,001 | 21,830 | 42,993 | 39,812 |
| Administrative expenses | 11,563 | 10,208 | 22,016 | 20,455 |
| Bargain purchase gain, net | (2,226) | — | (2,226) | — |
| Total operating expenses | 30,338 | 32,038 | 62,783 | 60,267 |
| Income from operations | 27,601 | 24,464 | 52,178 | 46,878 |
| Other expense: | ||||
| Interest expense including $175, $189, $353 and $382 to related parties | 1,055 | 615 | 1,282 | 1,276 |
| Rental and miscellaneous expense, net | 260 | 311 | 616 | 713 |
| Pension expense (excluding service costs) | 350 | 348 | 700 | 697 |
| Total other expense, net | 1,665 | 1,274 | 2,598 | 2,686 |
| Income before income taxes | 25,936 | 23,190 | 49,580 | 44,192 |
| Income tax expense | 6,765 | 6,283 | 12,821 | 11,740 |
| Net income | $19,171 | $16,907 | $36,759 | $32,452 |
| Other comprehensive income: | ||||
| Amortization of actuarial loss included in net periodic pension cost | — | 7 | — | 14 |
| Income tax expense related to pension adjustments | — | (2) | — | (3) |
| Other comprehensive income, net of tax | — | 5 | — | 11 |
| Comprehensive income | $19,171 | $16,912 | $36,759 | $32,463 |
| Net income per common share-basic | $1.65 | $1.46 | $3.17 | $2.81 |
| Net income per common share-diluted | $1.64 | $1.45 | $3.15 | $2.79 |
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