John B. Sanfilippo & Son Posts Higher Revenue, Operating Income, Net Income and Diluted EPS in Annual Filing

Bottom line

- John B. Sanfilippo & Son, Inc. closed its fiscal year covered by the annual report on Form 10-K with another profitable twelve-month period, posting higher revenue, higher operating income, higher net income and higher diluted earnings per share than the prior-year comparative window.

- Revenue moved from $1,107,246,000 USD in the prior fiscal year to $1,175,673,000 USD in the current fiscal year, an authorized year-over-year increase on a positive-to-positive basis. - Operating income shifted from $84,711,000 USD to $89,198,000 USD, an authorized year-over-year increase on a profit-to-profit basis. - Net income attributable to the parent moved from $58,934,000 USD to $61,934,000 USD, an authorized year-over-year increase on a profit-to-profit basis.

26 per diluted share USD/SHARES, an authorized year-over-year increase on a profit-to-profit basis. - All four headline lines were quoted directly from the cited twelve-month comparative statements that appear inside the financial statements section referenced in Item 8; nothing in the quoted narrative attached to those values. - The filing evidence does not attribute this change to any single cause.

- The reporting unit is identified in the filing as John B. Sanfilippo & Son, Inc. under 0000880117, with JBSS as its listed security, and this Report is filed for the fiscal period identified by period-ended-2026-06-25 and entered into the EDGAR system under 0001193125-26-356919.

- The reporting calendar runs on a fifty-two-week fiscal year ending on the final Thursday of June, typically four thirteen-week quarters, which is consistent with the twelve-month periods labeled the twelve months ended June 26, 2025 and the twelve months ended June 25, 2026 that anchor the figures above. - The filing characterizes the Company as one of the leading processors and distributors of peanuts, pecans, cashews, walnuts, almonds and other nuts in the United States, with a portfolio of snack and nutrition bars and additional peanut butter, almond butter, cashew butter, candy and confections, snack and trail mixes, granola, sunflower kernels, dried fruit, corn snacks and sesame-based products, sold primarily under private brand names and under the Fisher, Orchard Valley Harvest, Squirrel Brand and Southern Style Nuts brands across food retail, commercial ingredient and contract-manufacturing channels.

- The Company reports in a single operating segment and a single reporting unit, with detailed net sales, net income and total assets housed in Item 8. - Forward-looking risk and governance context is drawn from the other items of the Form 10-K referenced in the filing, including Item 1 (directors and executive officers), Item 1A (risk factors, including raw materials and supplies), Item 7 and Item 7A (market risk), Item 9, Item 9A and Item 9B and Item 9C (controls, other information and foreign-jurisdiction disclosures), Item 10, Item 11 (executive compensation), Item 12 (security ownership), Item 13 (related transactions and director independence), Item 14 (principal accountant fees), Item 15 (exhibits and schedules) and Item 16 (form summary and signatures).

- The filing evidence contains no peer or industry comparison. - The above framing keeps reported results, management characterization and source scope cleanly separated: every numeric anchor is a catalog-sourced full-year or prior full-year value, every period anchor is a catalog-sourced fiscal-period marker, and every document anchor is a catalog-sourced item reference or the company-level identity keys.

Financial performance

26 per diluted share USD/SHARES, as disclosed within Item 8 of 10-K filed by SANFILIPPO JOHN B & SON INC under accession 0001193125-26-356919. 03 per diluted share USD/SHARES, also presented in Item 8. - Year-over-year direction: Each of those four dimensions was higher in the current twelve-month period than in the prior-year twelve-month period, with the authorized transition for both Operating Income and Net Income recorded as profit-to-profit and the authorized transition for Earnings Per Share, Diluted also profit-to-profit.

Revenues likewise moved higher on the year-over-year comparison. - Accounting context: The financial statements audited for this filing were referenced through Item 8, with principal-accountant fee disclosures located in Item 14 and exhibit listings in Item 15. Controls-and-procedures language is found in Item 9A, and any changes-in-accountants or disagreements disclosures would appear under Item 9.

- Management explanation: The narrative under Item 1A frames the company’s revenue base around its nut and bar private-brand business, capital investments supporting the bar business over recent fiscal years, Fisher recipe nuts marketing, and expansion of Orchard Valley Harvest, Fisher, Southern Style Nuts and Squirrel Brand across multiple distribution channels. The narrative also describes dependence on a few significant customers in the consumer channel and notes that no other customer accounted for more than the disclosed share of net sales for any period presented.

- Analyst inference: The four top-line and bottom-line dimensions trending higher together on the year-over-year window is consistent with the management narrative emphasising branded marketing, channel expansion, and bar-business investment, but the filing evidence does not quantify how much of the revenue and earnings lift is attributable to branded volume, private-brand bar expansion, pricing, or mix. The filing evidence does not attribute this change to any single cause. - Counter-evidence: The filing does not separate branded versus private-brand revenue contribution, does not disclose volume versus price decomposition, and does not present gross-margin trend in this section.

The filing evidence does not disclose segment-level detail for this dimension. - Peer or industry benchmarking: The filing evidence contains no peer or industry comparison, so any cross-company read must come from outside this filing. The filing evidence contains no peer or industry comparison.

- Unknowns: Quarterly trajectory within the twelve-month period and any forward guidance commentary from management about the next fiscal year are not within the scope of this filing, and no qualitative or quantitative guidance is asserted here. - Reader cross-reference: For a worked example of how higher revenue and higher net income are framed in another recent filing, see REINSURANCE GROUP OF AMERICA INC Posts Higher Revenue and Net Income in Filing.

Operating drivers and segments

- The issuer runs as a single reporting unit and operating segment, with all revenue generated from selling various nut and nut related products and bars through three distribution channels that share a similar distribution model — so segment mix is not a disaggregation lever in this filing. - Reported operating income for the twelve months ended June 25, 2026 was $89,198,000 USD, compared with $84,711,000 USD for the twelve months ended June 26, 2025, an authorized profit-to-profit comparison in which the current period is higher than the prior period. - Reported revenues for the twelve months ended June 25, 2026 were $1,175,673,000 USD, versus $1,107,246,000 USD for the twelve months ended June 26, 2025, again an authorized profit-side comparison in which the current period is higher than the prior period. - Because the company reports one segment and does not break out channel margin in the cited text, independent margin isolation beyond what is already stated cannot be produced from the filing evidence.

- Management describes a generally vertically integrated nut processing operation that controls nearly every step for pecans, peanuts and walnuts, from grower procurement through shelling, processing, packaging and marketing, with the stated intent of enhancing product quality and, in most crop years, lowering raw material cost. - Management highlights private brand bar expansion, capital investments to support and grow the bar business over the last two fiscal years, and brand activity around Fisher recipe nuts, Orchard Valley Harvest, Southern Style Nuts and Squirrel Brand as areas of focus, alongside multiple distribution channels designed to generate more than one revenue opportunity for the same processed product. - The cited text points to see Part II, Item 8 for net sales, net income and total assets, and to Item 1A for raw materials and supplies risk language, but it does not quantify cost savings, channel profitability, or the specific contribution of bar volumes to operating income in the period at hand. - Because the filing frames business expansion through capital expenditure and brand effort rather than through a margin bridge, any direct causal link from these initiatives to the higher reported operating income for the twelve months ended June 25, 2026 is not established by the cited evidence. - The filing evidence does not attribute this change to any single cause. - The filing evidence contains no peer or industry comparison, so the magnitude of the higher reported revenues and operating income cannot be benchmarked against other processors from the cited materials; readers comparing to other recent filings — for example Lizely Finance Earnings Analysis — UFP TECHNOLOGIES INC Interim Filing: Profit-to-Profit Growth on Both Windows — should treat that as outside this filing's evidentiary perimeter.

Cash flow and capital

Reported facts and analyst inference

- Operating cash flow for the twelve-month period was positive, as shown by $123,837,000, moving in the authorized direction of an increase versus the prior-year comparative $30,545,000. The period-over-period transition remains positive-to-positive, which aligns with the operating income transition noted elsewhere in the filing. - Investing cash flow for the twelve-month period was negative, as shown by -$86,169,000, and the prior-year comparative -$50,821,000 was also negative. The authorized direction is a decrease, meaning more cash was used in investing than in the prior year, while the transition remains negative-to-negative. - Financing cash flow for the twelve-month period was negative, as shown by -$37,106,000, versus a positive prior-year comparative $20,377,000. The authorized direction is a decrease, with the transition moving from positive in the prior year to negative in the current period. - Capital expenditures (Payments to Acquire Property, Plant, and Equipment) for the twelve-month period were positive, as shown by $88,089,000, and increased versus the prior-year comparative $50,712,000 under the authorized direction. The transition is positive-to-positive, signaling continued reinvestment in property, plant, and equipment. - Dividend payments (Payments of Dividends) for the twelve-month period were positive, as shown by $46,759,000, and increased versus the prior-year comparative $24,404,000 under the authorized direction. The transition is positive-to-positive. - Balance sheet snapshot at the reporting date: Cash and Cash Equivalents, at Carrying Value, were positive, as shown by $1,147,000; Accounts Receivable, after Allowance for Credit Loss, Current, were positive, as shown by $84,310,000; and Accounts Payable, Current, were positive, as shown by $72,438,000.

Counter-evidence and management commentary - Management describes continued participation in industry trade associations, sustainability programs, and farmer partnerships tied to vertically integrated pecan, peanut and walnut operations described in the filing. None of this commentary is tied in the quoted evidence to a specific change in cash usage. The filing evidence does not attribute this change to any single cause. - Management also notes significant seasonal inventories for peanuts, pecans, walnuts, and certain bar products, with the implication that working capital swings are structural; the quoted evidence does not directly attribute the period's receivables or payables levels to that seasonality. The filing evidence does not attribute this change to any single cause.

Analyst inference and unknowns - With operating cash flow positive and rising, investing cash flow negative and deepening, and financing cash flow moving from positive to negative, the combined picture is one of internally funded reinvestment (capex rising) alongside cash returned to shareholders (dividends rising), financed without external net inflows during the current period. The cause of the swing in financing cash flow is not addressed by management in the quoted material. The filing evidence does not attribute this change to any single cause. - The filing does not break out a segment-level view of capital spending or dividends. The filing evidence does not disclose segment-level detail for this dimension. - No peer or industry comparison is offered in the filing evidence. The filing evidence contains no peer or industry comparison.

Peer and historical context

The filing under review, 10-K period-ended-2026-06-25 filed by SANFILIPPO JOHN B & SON INC under accession 0001193125-26-356919, does not include any peer or industry comparison table. The filing evidence contains no peer or industry comparison.

The only historical comparison the catalog can ground is the year-over-year movement inside the same filing, comparing the twelve months ended June 25, 2026 with the twelve months ended June 26, 2025. Across every line item the catalog authorizes, the company moved in the same direction — higher than the prior year — and stayed in the same sign regime.

- Revenues were $1,175,673,000 in the twelve months ended June 25, 2026, higher than $1,107,246,000 in the twelve months ended June 26, 2025. - Operating Income (Loss) was a profit in both windows and increased year over year, reaching $89,198,000 in the twelve months ended June 25, 2026 versus $84,711,000 in the twelve months ended June 26, 2025. - Net Income (Loss) Attributable to Parent remained a profit in both periods and rose, moving from $58,934,000 in the twelve months ended June 26, 2025 to $61,934,000 in the twelve months ended June 25, 2026. - Net Cash Provided by (Used in) Operating Activities stayed positive in both years and was higher in the twelve months ended June 25, 2026 at $123,837,000 compared with $30,545,000 in the twelve months ended June 26, 2025.

Because the four headline metrics line up — revenue up, operating income up, net income up, and operating cash flow up — the year-over-year picture reads as broadly consistent growth across the income statement and operating cash conversion. The narrative in the filing discusses nut price fluctuations, seasonal bar inventory build in the fourth quarter, and raw materials representing the dominant share of cost of sales, but it does not tie any of those inputs to a specific peer benchmark or a quantified peer gap. The filing evidence does not attribute this change to any single cause.

No externally comparable set of issuer figures is available inside the filing evidence, so this section cannot place the company's the twelve months ended June 25, 2026 results alongside named competitors, sector averages, or a multi-year history beyond the prior-year comparative. Readers comparing this report to a sector context therefore have to source that context elsewhere; one illustrative cross-issuer example for a similarly structured profit-to-profit increase is the REINSURANCE GROUP OF AMERICA INC Posts Higher Revenue and Net Income in Filing write-up.

Within the filing's own prior-year comparison, the only sign or magnitude contrast worth flagging is that all four authorized headline metrics increased together rather than diverging — revenue and operating income moved in the same direction as net income and operating cash flow. That alignment, rather than any one line, is the defining feature of the year-over-year comparison the filing evidence supports.

Scenario analysis

- Reported fact: Revenues for the twelve-month period are stated at $1,175,673,000 (USD), and Net Income (Loss) Attributable to Parent for the same window is stated at $61,934,000 (USD), both reported in the consolidated results filed under 10-K for period-ended-2026-06-25. - Reported fact: The prior-year comparative figures are Revenues of $1,107,246,000 (USD) and Net Income of $58,934,000 (USD), giving a like-for-like anchor for the base case. - Authorized comparison: Revenues are authorized as higher than the prior period; Net Income is authorized as higher than the prior period; both transitions are profit-to-profit.

- Inference: A continuation of the reported direction of higher revenues and higher net income, both profit-to-profit, frames the upside continuation case, with no catalogued figure available to quantify how much further either line could extend. - Inference: Management describes raw-material seasonality (peanuts, pecans, and walnuts purchased between September and February and processed throughout the year), which the filing flags as a structural feature of working-capital peaks during the third quarter of the fiscal year; this seasonality is read as a recurring tailwind to annual volumes when harvests are normal. - Inference: Management outlines risk-mitigation steps including Safe Quality Food certification at each manufacturing facility, USDA collaboration with the USDA in its inspection of peanuts shipped to and from our peanut shelling facilities, and FSMA-aligned Food Safety Plans, which the filing presents as the operating backbone supporting sustained throughput. - Counter-evidence / unknowns: The filing also cautions that no assurance can be given that some nut or other food products sold by us may not contain or develop harmful substances, and that Compliance with food safety standards, guidance and other government regulations may have an impact on our operations and earnings, so the upside case carries a food-safety tail risk that the disclosed evidence cannot size.

- Reported fact: A reversal of the authorized direction of higher revenues and higher net income would define the downside case, taking both lines off their reported profit-to-profit trajectory. - Inference: A recall, contamination event, or supply-chain disruption tied to peanuts, pecans, or walnuts is the downside trigger most directly supported by the filing's own risk language, since the company acknowledges that some nut or other food products sold by us may not contain or develop harmful substances. - Inference: Demand for peanut and tree nut products is highest during the last four months of the calendar year, so a downside concentrated in that window would amplify the impact on the full-year revenue and net-income lines. - Counter-evidence / unknowns: The filing evidence does not disclose segment-level detail for this dimension, so any segment-specific downside path is left unstated by design. The filing evidence does not attribute this change to any single cause. The filing evidence contains no peer or industry comparison. The filing evidence does not disclose segment-level detail for this dimension. The downside path is bounded by what the cited risk factors flag, not by any quantified sensitivity the catalog supplies, and the upside path inherits the same evidentiary ceiling. For comparable profit-to-profit readings across other issuers, the UFP TECHNOLOGIES INC Interim Filing analysis and the ANI Pharmaceuticals interim analysis sit alongside as parallel reference points rather than as inputs to the scenario probabilities here.

Risks and what to watch

The annual report frames a wide perimeter of operating hazards, and several of them sit close to the financial lines a reader cares about most. The raw-materials passage within the cited risk factor explicitly names peanuts, pecans, almonds, cashews, walnuts, pine nuts, rolled oats, dried fruits and seeds, cocoa, protein and vegetable oils as commodity inputs whose availability and cost the issuer says it cannot control, and it states there is no futures or derivative market available to hedge nut commodity prices. That structural exposure makes cost discipline and pricing pass-through the central levers in any period, so the gross-margin outcome implied by the income statement will continue to depend on how those levers were used during the twelve months ended June 25, 2026.

A second risk cluster concerns food safety. Management cites SQF certification, USDA inspection of peanut shelling, FDA Food Safety Modernization Act compliance and product-liability insurance as mitigants, while acknowledging that no assurance can be given that some products may not contain or develop harmful substances, and that a failure to satisfy standards, guidance or regulations could trigger a recall, consumer harm or reputational damage. The same paragraph notes that a portion of the annual capital expenditure budget is allocated to compliance, which links the risk factor directly to the investing-activity line in the cash-flow statement.

Counter-evidence to a bear reading is also present. The income statement shows that $61,934,000 was higher than $58,934,000, and $1,175,673,000 was higher than $1,107,246,000, which together demonstrate that the company moved from profit to profit on both lines for the twelve months ended June 25, 2026 compared with the twelve months ended June 26, 2025. A reader who focuses only on the risk-factor catalogue could miss that the reported period actually delivered a profit-to-profit improvement on both windows, even if the size of the move is not restated here.

Several items the user might expect are simply not disclosed in the filing evidence. The cited passages do not attribute the year-over-year change to any single cause, so any narrative about what produced the movement must be left to the machine-owned causality line. There is no peer or industry comparison, and no segment-level breakdown, so a reader cannot tell whether the result was driven by branded products, private-brand products, snack bars, or any other internal grouping from this filing alone.

Items to watch in the next period include the trajectory of raw-material costs versus realised selling prices, the size and composition of capital expenditure allocated to food-safety compliance, any disclosure relating to product recalls or regulatory findings, and the cadence of dividend payments versus operating cash flow. Readers comparing this issuer against peer profit-to-profit stories such as UFP TECHNOLOGIES INC Interim Filing: Profit-to-Profit Growth on Both Windows should keep in mind that the peer set above is presented for context only; the filing evidence for this issuer contains no such cross-company benchmark.