John B. Sanfilippo & Son(NASDAQ) JBSS

Sanfilippo makes nuts and snack bars for many shoppers. People find these products in grocery and retail stores. The firm also sells ingredients to other food companies.

What's in the Bag?

• Consumer Products: Branded and private label nuts, trail mixes, and snack bars sold as store-owned brands; accounts for 82.7% of net sales in Q3 2026.
• Commercial Ingredients: Bulk nut products sold to other food manufacturers for use in their goods; represents 10.0% of net sales in Q3 2026.
• Contract Manufacturing: Production and packaging services provided to other food companies to sell under their own brands; represents 7.3% of net sales in Q3 2026.

Investing in Growth

• Acquired Just the Cheese in fiscal 2023 to expand into the cheese snack market.
• Executed a 10-year lease for a large warehouse in January 2026 to improve distribution.
• Secured a $50 million loan from Wells Fargo Bank in June 2025 for production upgrades.
• Commenced an approximately $90 million capital plan to expand efficiency through fiscal 2027.

What Sets Sanfilippo Apart

Sanfilippo processes raw nuts from the farm to the store shelf. This internal control helps manage quality for its own brands and for major retail partners.

The Latest Numbers

• Net sales rose to $281.8 million in Q3 2026, up 8% from Q3 2025.
• Net income hit $16.8 million in Q3 2026, down 16.4% year-over-year.
• Available credit reached $113.6 million as of March 26, 2026.
• Operating cash flow reached $62.5 million for the first half of fiscal 2026.

The Big Picture

Sanfilippo has transformed from a nut handler into a major snack food provider. Large investments in production capacity and brand acquisitions support its long-term strategy.