Executive Summary
John B. Sanfilippo & Son, Inc. (JBSS) delivered a robust start to fiscal Q1 2026, underscoring growing demand for its snack and nut portfolios. Revenue reached $298.683 million, up 10.8% year over year, supported by favorable product mix and continued demand in premium nuts and peanut-based offerings. Gross profit of $54.094 million produced a gross margin of 18.11%, while operating income of $27.017 million yielded an operating margin of 9.04%, contributing to a net income of $18.726 million and earnings per share of $1.60.
The company generated meaningful operating cash flow of $32.134 million and free cash flow of $7.256 million, funding capital expenditure of $24.878 million and dividends of $17.493 million in the period. Net debt remained modest at $25.84 million of debt with a strong equity base ($362.784 million) and a cash balance near $0.714 million at period end, reflecting disciplined capital allocation and investment in brand and contract packaging capabilities.
From a qualitative perspective, JBSS faces the usual macro headwinds of input cost volatility and raw-material availability that characterize the packaged foods space but benefits from a diversified kernel portfolio, broad retailer exposure, and an established distribution network. The quarterly results signal continued revenue growth momentum, with profitability returning around a mid‑single to high‑single digit margin framework. Management commentary (where available) and market dynamics suggest the company is positioned to defend share in the nut/snack category while selectively investing in higher-growth or higher-return opportunities. However, as a smaller-scale player in a competitive category, JBSS remains sensitive to commodity cycles and inflationary pressures that could impact margins in the near term.
Key Performance Indicators
Key Insights
Revenue: $298.683m, up 10.80% YoY and 14.48% QoQ. Gross Profit: $54.094m, gross margin 18.11% (YoY +9.02%, QoQ -3.22%). Operating Income: $27.017m, operating margin 9.04% (YoY +83.76%, QoQ -4.18%). Net Income: $18.726m, net margin 6.27% (YoY +87.02%, QoQ -7.08%). EPS: $1.60 (YoY +86.05%, QoQ -7.51%). EBITDA: $27.017m (EBITDA margin ~9.04%). Interest expense: $0.984m; Income before tax: $25.068m; Tax expense: $6.342m; Effective tax rate: ~25.3%. Cash flow from operations: $32.134m. Capex: $(24.87...
Financial Highlights
Revenue: $298.683m, up 10.80% YoY and 14.48% QoQ. Gross Profit: $54.094m, gross margin 18.11% (YoY +9.02%, QoQ -3.22%). Operating Income: $27.017m, operating margin 9.04% (YoY +83.76%, QoQ -4.18%). Net Income: $18.726m, net margin 6.27% (YoY +87.02%, QoQ -7.08%). EPS: $1.60 (YoY +86.05%, QoQ -7.51%). EBITDA: $27.017m (EBITDA margin ~9.04%). Interest expense: $0.984m; Income before tax: $25.068m; Tax expense: $6.342m; Effective tax rate: ~25.3%. Cash flow from operations: $32.134m. Capex: $(24.878)m. Free cash flow: $7.256m. Dividends paid: $(17.493)m. Net debt: $25.84m. Cash at end: $0.714m; Beginning cash: $0.585m. Weights: weighted avg shares outstanding ~11.671m; Diluted ~11.735m.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
298.68M |
10.80% |
14.48% |
| Gross Profit |
54.09M |
9.02% |
-3.22% |
| Operating Income |
27.02M |
83.76% |
-4.18% |
| Net Income |
18.73M |
87.02% |
-7.08% |
| EPS |
1.60 |
86.05% |
-7.51% |
Management Commentary
Transcript data not provided in the dataset.=no earnings-call quotes available in this input. As such, key insights from management comments and quotes are not included here. The analysis relies on the published Q1 2026 financials and the four-quarter history to form the earnings narrative.
Forward Guidance
No explicit numeric guidance for the full year 2026 is present in the provided data. The quarter shows solid topline growth and cash generation, suggesting potential for continued investment in branding, product innovation, and contract packaging opportunities. Investors should monitor: (1) raw-material cost trajectories for almonds, pecans, and peanuts and their pass-through through prices and mix; (2) input cost inflation versus pricing power; (3) seasonality and channel mix, particularly retailer demand and contract packaging opportunities; (4) capital allocation cadence, including further capex for capacity and potential returns via dividends or buybacks. If management provides directional guidance in subsequent communications, compare actuals to those targets to assess achievability and balance between growth investments and shareholder returns.