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Stock impact report

John B. Sanfilippo & Son, Inc. First Quarter Diluted EPS was $1.11 per Share

John B. Sanfilippo & Son, Inc. (JBSS) 
US:NASDAQ Investor Relations: jbssinc.com/investors
Company Research Source: Business Wire
Quarterly Overview:Net sales decreased 3.5%Sales volume decreased 3.5%Consumer distribution channel sales volume increased 3.8%Gross profit decreased 6.9%Net income decreased 0.9%   ELGIN, Ill.--(BUSINESS WIRE)--John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) (the “Company”) today announced operating results for its first quarter of fiscal 2021. Net income for the first quarter of fiscal 2021 was $12.8 million, or $1.11 per share diluted, compared to $12.9 million, or $1.12 per share diluted, for the first quarter of fiscal 2020.Net sales decreased to $210.3 million for the first quarter of fiscal 2021 from net sales of $217.8 million for the first quarter of fiscal 2020. The decrease in net sales resulted from a 3.5% decline in sales volume, which is defined as pounds sold to customers. Sales volume increased in the consumer distribution channel by 3.8% primarily from a 6.9% increase in private brand sales volume for trail and snack mixes, mixed nuts, cashews and peanuts at existing Show less Read more
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