John B. Sanfilippo & Son, Inc. Reports Fiscal 2027 First Quarter Results

Jasper B. Sanfilippo Jr., Chief Executive Officer of John B. Sanfilippo & Son, Inc.

“I am honored to serve as Chief Executive Officer and build upon the strong foundation of our Company. We remain committed to profitable growth, operational excellence, disciplined capital allocation, and maintaining our financial strength, while continuing to deliver exceptional service to our customers. We delivered a solid start to fiscal 2027 in a difficult economic environment. Sales volume was unchanged from the prior year period, marking our third consecutive quarter of stable or improving volume performance. While last year’s exceptionally strong first quarter diluted EPS provided a difficult comparison, we improved diluted EPS by more than 50% compared to the fourth quarter of fiscal 2026, demonstrating meaningful improvement in profitability and positive momentum during the 2026 calendar year. Looking ahead, we remain focused on executing our strategic priorities and believe we are well positioned to build on this momentum throughout fiscal 2027.”

Jasper B. Sanfilippo Jr., Chief Executive Officer of John B. Sanfilippo & Son, Inc.

“As we look ahead to the remainder of fiscal 2027, we are confident in our ability to navigate the near-term challenges in our Consumer channel. While we expect to replace a significant portion of the lost Consumer volume with incremental Contract Manufacturing volume, this shift will result in a less favorable sales mix. However, we continue to identify opportunities to grow the Consumer business. Our brands and many of our products remain well aligned with consumer demand for nutritious, better-for-you snacks, and we are actively responding to current category trends while focusing on initiatives to improve category performance and drive category growth. We are also encouraged by new business opportunities we are pursuing in our nut and trail mix category. In addition, we continue to see significant opportunities to expand our protein-forward bar offerings, where consumer demand and category growth remain strong. We recently completed a strategic consulting engagement that reinforced our long-term growth plan and identified further opportunities to accelerate long-term growth. In addition, we are currently evaluating our cost structure to maximize efficiency, prioritize resources and ensure we proactively respond to evolving market conditions. We are excited about the future of the Company and grateful to our employees for their hard work, dedication, and commitment to executing our strategy.”