SANFILIPPO JOHN B & SON INC
For the period ended Mar 28, 2024. Filed May 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.
Mar 28, 2024 · Filed May 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 Thirty-Nine Weeks Ended | |||
|---|---|---|---|---|
| March 28,2024 | March 30,2023 | March 28,2024 | March 30,2023 | |
| Net sales | $271,884 | $238,535 | $797,211 | $765,464 |
| Cost of sales | 222,707 | 188,767 | 633,073 | 608,551 |
| Gross profit | 49,177 | 49,768 | 164,138 | 156,913 |
| Operating expenses: | ||||
| Selling expenses | 18,654 | 18,109 | 61,647 | 57,921 |
| Administrative expenses | 12,171 | 9,841 | 34,187 | 30,296 |
| Bargain purchase gain, net | — | — | (2,226) | — |
| Total operating expenses | 30,825 | 27,950 | 93,608 | 88,217 |
| Income from operations | 18,352 | 21,818 | 70,530 | 68,696 |
| Other expense: | ||||
| Interest expense including $171, $186, $524 and $568 to related parties | 785 | 552 | 2,067 | 1,828 |
| Rental and miscellaneous expense, net | 324 | 371 | 940 | 1,084 |
| Pension expense (excluding service costs) | 350 | 349 | 1,050 | 1,046 |
| Total other expense, net | 1,459 | 1,272 | 4,057 | 3,958 |
| Income before income taxes | 16,893 | 20,546 | 66,473 | 64,738 |
| Income tax expense | 3,416 | 4,814 | 16,237 | 16,554 |
| Net income | $13,477 | $15,732 | $50,236 | $48,184 |
| Other comprehensive income: | ||||
| Amortization of actuarial loss included in net periodic pension cost | — | 7 | — | 21 |
| Income tax expense related to pension adjustments | — | (2) | — | (5) |
| Other comprehensive income, net of tax | — | 5 | — | 16 |
| Comprehensive income | $13,477 | $15,737 | $50,236 | $48,200 |
| Net income per common share-basic | $1.16 | $1.36 | $4.33 | $4.16 |
| Net income per common share-diluted | $1.15 | $1.35 | $4.30 | $4.14 |
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