# EDGAR Filing Document

**Accession Number:** 0000880117
**File Stem:** 0001193125-26-191599
**Filing Date:** 2026-4
**Character Count:** 22133
**Document Hash:** 7709ae274dd3b32605511b77e27eec2e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-191599.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001193125-26-191599

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 11

**CONFORMED PERIOD OF REPORT**: 20260429

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SANFILIPPO JOHN B & SON INC
- **CENTRAL INDEX KEY:** 0000880117
- **STANDARD INDUSTRIAL CLASSIFICATION:** SUGAR & CONFECTIONERY PRODUCTS [2060]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 362419677
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0628

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-19681
- **FILM NUMBER:** 26916173

**BUSINESS ADDRESS:**
- **STREET 1:** 1703 N. RANDALL ROAD
- **CITY:** ELGIN
- **STATE:** IL
- **ZIP:** 60123-7820
- **BUSINESS PHONE:** 847-289-1800

**MAIL ADDRESS:**
- **STREET 1:** 1703 N. RANDALL ROAD
- **CITY:** ELGIN
- **STATE:** IL
- **ZIP:** 60123-7820

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

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## FORM 8-K

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): April 29, 2026 (**April 29, 2026**)**<br>

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JOHN B. SANFILIPPO & SON, INC.

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| Delaware | 0-19681 | 36-2419677 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 1703 N. RANDALL ROAD |  |  |
| Elgin**,** Illinois |  | 60123-7820 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

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**Registrant's Telephone Number, Including Area Code:** (847) 289-1800<br>

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **<br>Title of each class** | **Trading<br>Symbol(s)** | **<br>Name of each exchange on which registered** |
| Common Stock, $.01 par value per share | JBSS | The Nasdaq Stock Market LLC |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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## Item 2.02 Results of Operations and Financial Condition.
The following information is furnished pursuant to Item 2.02, "Results of Operations and Financial Condition".

On April 29, 2026, John B. Sanfilippo & Son, Inc. issued a press release regarding its financial results for the third quarter and thirty-nine weeks ended March 26, 2026. This press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

## Item 9.01 Financial Statements and Exhibits.
(d) Exhibits

The exhibits furnished herewith are listed in the Exhibit Index of this Current Report on Form 8-K.

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**EXHIBIT INDEX**

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| | |
|:---|:---|
| Exhibits | Description |
| 99.1 | [<u>Press Release dated April 29, 2026.</u>](jbss-ex99_1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
|  |  |  | **JOHN B. SANFILIPPO & SON, INC.** |
| Date: | April 29, 2026 | By:  | /s/ Frank S. Pellegrino |
|  |  |  | Frank S. Pellegrino<br>Chief Financial Officer, Executive Vice President,<br>Finance and Administration |

---

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## Exhibit 99.1

**Exhibit 99.1**

![img267847885_0.jpg](img267847885_0.jpg)

**John B. Sanfilippo & Son, Inc. Reports Fiscal 2026 Third Quarter Results**

***Third Quarter Net Sales Increased 8.0% to a Record $281.8 Million*** 

**Elgin, IL, April 29, 2026 -- John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS)** (the "Company") today announced financial results for its fiscal 2026 third quarter ended March 26, 2026.

**<u>Third Quarter Summary</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Net sales increased $20.9 million, or 8.0%, to $281.8 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Sales volume remained essentially flat, declining slightly to 84.4 million pounds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Gross profit decreased 3.8% to $53.8 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Diluted EPS decreased 16.9% to $1.43 per share

**<u>CEO Commentary</u>**

"We delivered another strong quarter with solid top line growth, supported by our continued focus on driving volume across all three sales channels. Total volume held steady with the prior year's comparable quarter, and the sequential quarter improvement is an early indication that our volume growth initiatives are beginning to gain traction. In particular, we are encouraged by the improved performance in our commercial ingredients and contract manufacturing channels in the quarter. Our diversified multi-channel sales model, serving at-home consumer demand, away from home food service customers, and strategic contract manufacturing partnerships, continues to be a key competitive advantage, positioning us to capture growth opportunities wherever they emerge in the marketplace. This strategic channel mix enables us to navigate shifting consumption patterns and perform across varied end markets. Our teams are actively identifying additional opportunities to drive future volume growth, leveraging our new and existing manufacturing capabilities and supporting the onboarding of a new strategic customer in the contract manufacturing channel. We are encouraged by the progress we are making and remain confident in the opportunities ahead," stated Jeffrey T. Sanfilippo, Chief Executive Officer.

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**<u>Third Quarter Results</u>**

**<u>Net Sales</u>**

Net sales for the third quarter of fiscal 2026 increased $20.9 million, or 8.0%, to $281.8 million. This increase was driven by an 8.3% increase in the weighted average selling price per pound. Sales volume (pounds sold to customers) remained essentially flat; in particular, sales volume declined for substantially all major product types in the third quarter but increased for walnuts, pecans and mixed nuts. The increase in the weighted average selling price primarily reflected pricing actions taken in response to higher commodity acquisition costs for all major tree nuts and peanuts as well as a shift in product mix toward higher priced items in the current quarter.

**<u>Sales</u> <u>Volume</u>** 

***Consumer Distribution Channel* -*4.5%*** 

The sales volume decrease was primarily driven by a 5.3% decline in private brand sales, reflecting lower volume in private label bars while nuts and trail mix sales volume remained relatively flat. Bar sales were impacted by continued category softness at a mass merchandise retailer, consistent with the trends seen in our most recent second quarter. Our strategic decision to reduce sales to a grocery store retailer also contributed to the overall decline in bar volume. Sales of nuts and trail mix were negatively impacted by elevated retail prices, reduced promotional activity and discontinuation of underperforming items. These impacts were largely offset by new private branded walnut distribution at an existing grocery retailer and increased sales resulting from promotional pricing on walnuts and peanuts at an online retailer. In addition, branded sales benefited from limited opportunistic orders for *Orchard Valley Harvest* to a customer in the non-food sector.

***Commercial Ingredients Distribution Channel* +*14.3%*** 

This sales volume increase was mainly driven by higher food service sales volume at existing customers and sales to two new customers. In addition, increased sales of peanut crushing stock contributed to the overall growth in the quarterly comparison.

***Contract Manufacturing Distribution Channel +16.5%***

This sales volume increase was driven by increased snack nut sales to a significant new customer as we continue onboarding this customer that we added in the second quarter of the prior year. This increase was partially offset by decreased granola sales volume.

**<u>Gross Profit</u>**

Gross profit decreased by $2.1 million to $53.8 million and gross margin declined to 19.1% from 21.4%. This decrease was primarily due to significantly lower inventory valuation adjustments compared to the prior year quarter, partially offset by higher net sales.

**<u>Operating Expenses, net</u>**

Total operating expenses increased $2.3 million in the quarterly comparison primarily due to higher incentive compensation expenses. This increase was partially offset by lower compensation costs, lower rent expenses and a gain on the sale of non-core equipment. Total operating expenses as a percentage of net sales remained unchanged at 10.6%.

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**<u>Inventory</u>**

The value of total inventories on hand at the end of the current third quarter decreased $5.2 million, or 2.0%. The decrease was primarily due to lower commodity acquisition costs for walnuts and peanuts, as well as lower on-hand quantities of pecans, walnuts and almonds. These reductions were partially offset by the impact of higher pecan acquisition costs and increased on-hand quantities of peanuts. The weighted average cost per pound of raw nut and dried fruit input stock on hand increased 10.5% year over year mainly due to the reasons noted above.

**<u>Nine Month Results</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Net sales** increased 6.8% to $895.2 million. The increase in net sales was primarily attributable to a 11.0% increase in weighted average selling price per pound, which was partially offset by a 3.7% decrease in sales volume.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Sales volume** decreased 3.7%, primarily due to lower sales volume in the consumer channel, which was partially offset by sales volume increase in the commercial ingredients channel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Gross profit margin** increased from 18.5% to 18.7% of net sales. This increase was mainly attributable to aligning our pricing more closely with commodity acquisition costs, the absence of a one-time pricing concession recognized in the prior period and the factors noted above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Operating expenses** remained essentially flat at $90.3 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Diluted EPS** increased 17.6%, or $0.68 per diluted share, to $4.55.

In closing, Mr. Sanfilippo commented, "We remain attentive to category trends and continue to monitor consumer sentiment, which is showing early signs of stabilizing. At the same time, we recognize that rising global tensions in certain key regions and the resulting impact on energy prices and supply chain dynamics are contributing to ongoing uncertainty. As a result, we are maintaining a nimble mindset as we move forward. I want to thank all of our employees for their continued dedication as we stay focused on executing our strategy and driving sustainable long-term value for our shareholders."

**Conference Call**

The Company will host an investor conference call and webcast on Thursday, April 30, 2026, at 10:00 a.m. Eastern (9:00 a.m. Central) to discuss these results. To register for the call, please click on the Participant Registration by register using this link: https://register-conf.media-server.com/register/BIfa80603ce45d4f61b4c7eb9610d20e9b. After registering, an email will be sent, including dial-in details and a unique access code required to join the live call. Please ensure you have registered at least 15 minutes prior to the conference call time. This call is also being webcast by Notified and can be accessed at the Company's website at www.jbssinc.com.

**About John B. Sanfilippo & Son, Inc.**

Based in Elgin, Illinois, John B. Sanfilippo & Son, Inc. is a processor, packager, marketer and distributor of nut and dried fruit products and snack bars, that are sold under the Company's *Fisher*®, *Orchard Valley Harvest*®, *Squirrel Brand*® and *Southern Style Nuts*® brand names and under a variety of private brands.

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**Forward Looking Statements**

Some of the statements in this release are forward-looking. These forward-looking statements may be generally identified by the use of forward-looking words and phrases such as "will", "intends", "may", "believes", "anticipates", "should" and "expects" and are based on the Company's current expectations or beliefs concerning future events and involve risks and uncertainties. Consequently, the Company's actual results could differ materially. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors that affect the subject of these statements, except where expressly required to do so by law. Among the factors that could cause results to differ materially from current expectations are: (i) sales activity for the Company's products, such as a decline in sales to one or more key customers, or to customers or in the nut and bars categories generally, in some or all channels, a change in product mix to lower price products, a decline in sales of private brand products or changing consumer preferences, including a shift from higher margin products to lower margin products; (ii) changes in the availability and costs of raw materials and ingredients due to global conflict, tariffs and other import restrictions and the impact of fixed price commitments with customers; (iii) the ability to pass on price increases to customers if commodity costs rise and the potential for a negative impact on demand for, and sales of, our products from price increases; (iv) the ability to measure and estimate bulk inventory, fluctuations in the value and quantity of the Company's nut inventories due to fluctuations in the market prices of nuts and bulk inventory estimation adjustments, respectively; (v) the Company's ability to appropriately respond to, or lessen the negative impact of, competitive and pricing pressures; (vi) losses associated with product recalls, product contamination, food labeling or other food safety issues, or the potential for lost sales or product liability if customers lose confidence in the safety of the Company's products or in nuts or nut products in general, or are harmed as a result of using the Company's products; (vii) the ability of the Company to control costs (including inflationary costs) and manage shortages or other disruptions in areas such as inputs, transportation and labor; (viii) uncertainty in economic conditions, including the potential for inflation or economic downturn leading to decreased consumer demand; (ix) the timing and occurrence (or nonoccurrence) of other transactions and events which may be subject to circumstances beyond the Company's control, including the impact of tariff refunds with respect to us and our customers; (x) the adverse effect of labor unrest or disputes, litigation and/or legal settlements, including potential unfavorable outcomes exceeding any amounts accrued; (xi) losses due to significant disruptions at any of our production or processing facilities, our inability to meet or fulfill customer orders on a timely basis, if at all, or employee unavailability due to labor shortages; (xii) the ability to implement our Long-Range Plan, including growing our branded and private brand product sales, diversifying our product offerings (including by the launch of new products) and expanding into alternative sales channels; (xiii) technology disruptions or failures or the occurrence of cybersecurity incidents or breaches; (xiv) the inability to protect the Company's brand value, intellectual property or avoid intellectual property disputes; and (xv) our ability to manage the impacts of changing weather patterns on raw material availability due to climate change.

Contacts:

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| | |
|:---|:---|
| **Company:** | **Investor Relations:** |
| **Frank S. Pellegrino** | **John Beisler or Steven Hooser** |
| **Chief Financial Officer** | **Three Part Advisors, LLC** |
| **847-214-4138** | **817-310-8776** |

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**JOHN B. SANFILIPPO & SON, INC.**

**CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS**

(Unaudited)

(Dollars in thousands, except per share amounts)

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **For the Quarter Ended** | **For the Quarter Ended** | **For the Thirty-Nine Weeks Ended** | **For the Thirty-Nine Weeks Ended** |
|  | **March 26,<br>2026** | **March 27,<br>2025** | **March 26,<br>2026** | **March 27,<br>2025** |
| Net sales | $281779 | $260907 | $895239 | $838170 |
| Cost of sales | 228008 | 205014 | 728205 | 683482 |
| Gross profit | 53771 | 55893 | 167034 | 154688 |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Selling expenses | 19262 | 18630 | 58285 | 61089 |
| &nbsp;&nbsp;&nbsp;Administrative expenses | 10724 | 9066 | 31972 | 29026 |
| Total operating expenses | 29986 | 27696 | 90257 | 90115 |
| Income from operations | 23785 | 28197 | 76777 | 64573 |
| Other expense: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | 523 | 1055 | 2010 | 2343 |
| &nbsp;&nbsp;&nbsp;Rental and miscellaneous expense, net | 576 | 638 | 1726 | 1396 |
| &nbsp;&nbsp;&nbsp;Pension expense (excluding service costs) | 389 | 362 | 1167 | 1084 |
| Total other expense, net | 1488 | 2055 | 4903 | 4823 |
| Income before income taxes | 22297 | 26142 | 71874 | 59750 |
| Income tax expense | 5449 | 5989 | 18343 | 14343 |
| Net income | $16848 | $20153 | $53531 | $45407 |
| Basic earnings per common share | $1.44 | $1.73 | $4.58 | $3.90 |
| Diluted earnings per common share | $1.43 | $1.72 | $4.55 | $3.87 |
| Weighted average shares outstanding |  |  |  |  |
| — Basic | 11716987 | 11669939 | 11692775 | 11650378 |
| — Diluted | 11798355 | 11735709 | 11761660 | 11721054 |

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**JOHN B. SANFILIPPO & SON, INC.**

**CONDENSED CONSOLIDATED BALANCE SHEETS**

(Unaudited)

(Dollars in thousands)

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| | | | |
|:---|:---|:---|:---|
|  | **March 26,<br>2026** | **June 26,<br>2025** | **March 27,<br>2025** |
| **ASSETS** |  |  |  |
| CURRENT ASSETS: |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $1291 | $585 | $1295 |
| &nbsp;&nbsp;&nbsp;Accounts receivable, net | 85239 | 76656 | 74538 |
| &nbsp;&nbsp;&nbsp;Inventories | 252620 | 254600 | 257798 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 12989 | 14583 | 15565 |
|  | 352139 | 346424 | 349196 |
| PROPERTIES, NET: | 241334 | 178219 | 174383 |
| OTHER LONG-TERM ASSETS: |  |  |  |
| &nbsp;&nbsp;&nbsp;Intangibles, net | 15348 | 16178 | 16490 |
| &nbsp;&nbsp;&nbsp;Deferred income taxes |  | 5782 | 3605 |
| &nbsp;&nbsp;&nbsp;Operating lease right-of-use assets | 25768 | 27824 | 28871 |
| &nbsp;&nbsp;&nbsp;Equipment deposits | 6200 | 12438 | 10019 |
| &nbsp;&nbsp;&nbsp;Other assets | 9880 | 10738 | 7412 |
|  | 57196 | 72960 | 66397 |
| TOTAL ASSETS | $650669 | $597603 | $589976 |
| **LIABILITIES & STOCKHOLDERS' EQUITY** |  |  |  |
| CURRENT LIABILITIES: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revolving credit facility borrowings | $31152 | $57584 | $89602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current maturities of long-term debt | 3827 | 941 | 790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 73092 | 60479 | 51966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank overdraft | 726 | 294 | 942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | 44374 | 36748 | 30691 |
|  | 153171 | 156046 | 173991 |
| LONG-TERM LIABILITIES: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-term debt, less current maturities | 40672 | 14564 | 5765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retirement plan | 29200 | 27921 | 27082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-term operating lease liabilities | 21933 | 24224 | 25304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes | 3638 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 14406 | 14151 | 11221 |
|  | 109849 | 80860 | 69372 |
| STOCKHOLDERS' EQUITY: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class A Common Stock | 26 | 26 | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stock | 92 | 92 | 92 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital in excess of par value | 142342 | 139724 | 138687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | 245829 | 221495 | 207968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive income | 564 | 564 | 1044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Treasury stock | (1204) | (1204) | (1204) |
| TOTAL STOCKHOLDERS' EQUITY | 387649 | 360697 | 346613 |
| TOTAL LIABILITIES & STOCKHOLDERS' EQUITY | $650669 | $597603 | $589976 |

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