John B. Sanfilippo & Son expects less favorable sales mix as contract manufacturing replaces lost consumer volume
JBSS•John B. Sanfilippo & Son expects contract manufacturing to replace significant lost consumer volume in fiscal 2027, weakening sales mix. First-quarter diluted earnings fell 30.2% to $1.11 per share.
1. Sales mix outlook
John B. Sanfilippo & Son expects contract manufacturing to replace significant lost consumer volume in fiscal 2027, weakening sales mix. Management is evaluating its cost structure to improve efficiency and prioritize resources. First-quarter diluted earnings fell 30.2% to $1.11 per share, while CEO Jasper B. Sanfilippo Jr. said earnings improved more than 50% from the prior quarter.
