At a glance
John B. Sanfilippo & Son Inc is worth $775.7M, about 13 times its fiscal 2026 earnings. Revenue grew 6.2% to $1.18B in fiscal 2026, with 5.3% kept as profit; over 5 years it has grown 6.5% a year. It pays a 6.78% dividend yield, and returned $195.4M to shareholders in dividends and buybacks over FY2022–FY2026. The stock returned +16.6% over the past year with dividends reinvested and −1.2% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 12.9% in the 2020 crash (S&P 500: 33.7%) and 25.4% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high within a month and 8 months after the lows.
The business in plain English
John B. Sanfilippo & Son, based in Elgin, Illinois, is one of the leading US processors of peanuts, pecans, cashews, walnuts and almonds. It also makes snack and nutrition bars and offers peanut and almond butter, trail mixes, dried fruit, sesame sticks and candy. Nuts and bars, including trail and snack mixes, made up about 93% of gross sales in fiscal 2026, which ended June 25, 2026.
Most products carry a store's own label, known as a private brand. The company also owns the Fisher, Orchard Valley Harvest, Squirrel Brand and Southern Style Nuts names. It supplies about 200 customers through three channels. Retailers are the largest. Food makers use its nuts as an ingredient in baked goods, candy and cereal. Through contract manufacturing, it packs snacks under other companies' brands. Walmart accounted for about 41% of net sales in fiscal 2026 and Target about 12%.
It profits from the gap between raw nut costs and the prices it charges. For pecans, peanuts and walnuts it handles nearly every step, from purchasing from growers to shelling, processing and packing. It says this usually lowers costs. Margins are slim. On fiscal 2026 revenue of about $1.18 billion, gross margin (the share of sales left after production costs) was 18%. Net income was $61.9 million, or 5.3% of sales.
Price history
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JBSS +16.6% over the year to Oct 28, 2026, total return with dividends reinvested.
Latest results
- In Q1 FY2027 (ended Sep 24, 2026), revenue was $288.1M, down 3.5% from a year earlier, and net income was $13.2M (-29.7%).
- For fiscal 2026, revenue was $1.18B (+6.2% year over year; +6.5% a year from FY2021 to FY2026) with a 5.3% net margin.
Financial health check
| Revenue growth a year (FY2021–FY2026) | +6.5% good |
|---|---|
| Operating margin | 7.6% watch |
| Free cash flow margin | 3% watch |
| Return on equity (FY2026) | 16.3% good |
| Return on assets (FY2026) | 9.4% good |
| Net cash (cash minus debt) | $-47.6M weak |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $858.5M | $59.7M | $79.5M |
| FY2022 | $955.9M | $61.8M | $1.9M |
| FY2023 | $999.7M | $62.9M | $103.9M |
| FY2024 | $1.07B | $60.2M | $73.4M |
| FY2025 | $1.11B | $58.9M | $-20.2M |
| FY2026 | $1.18B | $61.9M | $35.7M |
Valuation snapshot
| Market value | $775.7M |
|---|---|
| P/E ratio | 12.6 |
| Dividend yield | 6.78% |
Rank among 1514 US companies
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| JBSS price data to Oct 28, 2026 | -2.0% | +16.6% | -10.0% | -1.2% | +7.1% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -1.9% |
| 2025 | -15.9% |
| 2024 | -12.8% |
| 2023 | +30.9% |
| 2022 | -5.8% |
| 2021 | +21.6% |
| 2020 | -10.1% |
| 2019 | +68.5% |
| 2018 | -11.4% |
| 2017 | -9.4% |
| 2016 | +42.9% |
| 2015 | +22.9% |
| 2014 | +91.1% |
| 2013 | +44.2% |
| 2012 | +153.8% |
| 2011 | -39.4% |
| 2010 | -20.3% |
| 2009 | +189.4% |
| 2008 | -36.0% |
| 2007 | -31.3% |
| 2006 | -5.2% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 51.9% over that stretch · deepest drop along the way 62.7%, back to its old high 8.5 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 4.8% over that stretch · deepest drop along the way 12.9%, back to its old high 0.6 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 12.1% over that stretch · deepest drop along the way 25.4%, back to its old high 7.7 months after the low |
Insider activity
Form 4 filings from 2025-10-31 to 2026-10-31 (25 read): 0 open-market purchases and 4 sales ($1.4M), 4 of them under pre-arranged 10b5-1 trading plans.
| Date | Insider | Type | Value |
|---|---|---|---|
| Mar 2, 2026 | Jasper Brian Jr Sanfilippo COO, President, Director, 10% owner | sell (plan) | $584K |
| Mar 2, 2026 | Jeffrey T Sanfilippo Chief Executive Officer, Director, 10% owner | sell (plan) | $578K |
| Mar 2, 2026 | Lisa Sanfilippo Director, 10% owner | sell (plan) | $185K |
| Mar 2, 2026 | James J Sanfilippo Director, 10% owner | sell (plan) | $102K |
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 14% | Jun 30, 2025 |
| THRIVENT FINANCIAL FOR LUTHERANS | 9.1% | Dec 31, 2025 |
ETFs with the most weight in JBSS
| PSCC Invesco S&P SmallCap Consumer Staples ETF | 1.6% |
| SIXS ETC 6 Meridian Small Cap Equity ETF | 1.12% |
| DEEP Acquirers Small and Micro Deep Value ETF | 1.11% |
| XSLV Invesco S&P SmallCap Low Volatility ETF | 0.75% |
| SIXL ETC 6 Meridian Low Beta Equity ETF | 0.4% |
| DGRS WisdomTree US Smallcap Quality Dividend Growth Fund | 0.39% |
| ROSC Hartford Multifactor Small Cap ETF | 0.24% |
| ISMD Inspire Small/Mid Cap ETF | 0.2% |
What could go wrong
- Walmart and Target drive over half of sales. Walmart accounted for about 41% of net sales in fiscal 2026 and Target about 12%. Losing either, or being forced into lower prices, could cut revenue and profit sharply.
- Nut costs swing and cannot be hedged. Crop size, weather, pests and tariffs drive nut costs. No futures market exists to lock in prices ahead of time, so the company must raise its own prices, which customers may resist or delay.
- Sanfilippo Group holds majority voting control. Members of the Sanfilippo Group hold a majority of voting power, limiting outside shareholders' say. Some have pledged Class A shares as loan collateral, and a forced sale could change who controls the company.
- Store brands and retailer price pressure. Most sales are private brands, so retailers can switch suppliers or demand lower prices, and consolidation adds to their leverage. Rivals, some far larger, include Hormel's Planters and General Mills' Nature Valley.
- Few plants and one main warehouse. Products are made at a limited number of facilities, and most ship through one Huntley, Illinois distribution center. A fire, breakdown or supplier failure could interrupt shipments to major customers.
- Food safety scares and recalls. Nuts are common allergens and can be contaminated by aflatoxin, a mold toxin. A contamination problem or recall could bring costs, lawsuits and damage to the brands and retailer relationships the company depends on.
Recent events
- Shareholder vote results
- Quarterly results released
- Executive or board change
- Investor presentation or announcement
- Quarterly results released
- Executive or board change
- Other company announcement
- Quarterly results released
- Other company announcement
- Quarterly results released
For income and retirement investors
JBSS pays a large dividend, but the amount per share swings from year to year. It paid $5.00 in fiscal 2021, $3.00 in fiscal 2022, $4.75 in fiscal 2023, $3.00 in fiscal 2024, $2.10 in fiscal 2025 and $4.00 in fiscal 2026. That is an average decline of 4.4% a year, and the streak of increases is one year. Fiscal 2026 dividends took 75.5% of earnings and 130.8% of free cash flow (cash left after capital spending), so they outran the cash generated. The company bought back no shares from fiscal 2022 to fiscal 2026. The yield was 6.78% as of October 28, 2026, but with uneven payments, that yield may not hold.
The shares fell about 63% during the 2008 financial crisis and recovered by September 2009. They dropped about 13% in the 2020 COVID crash and recovered within weeks. In the 2022 bear market they fell about 25% and recovered by February 2023. A single stock carries more risk than a diversified fund.
Questions investors ask
How does John B. Sanfilippo & Son make money?
It processes and packages nuts and makes snack and nutrition bars. Most products go out under retailers' own private brands, alongside its Fisher, Orchard Valley Harvest, Squirrel Brand and Southern Style Nuts names. Its customers include grocery chains and other retailers, food makers that use nuts as ingredients, and companies that hire it to pack snacks under their own brands. In fiscal 2026, which ended June 25, 2026, revenue was about $1.18 billion, up 6.2%, and net income was $61.9 million.
How much does JBSS depend on Walmart?
Heavily. Walmart accounted for about 41% of net sales in fiscal 2026, up from 40% in fiscal 2025 and 39% in fiscal 2024. Target added about 12%, so two retailers made up more than half of sales. No other customer topped 10%. The company lists its dependence on a few large customers as a risk. Losing either retailer, or cutting prices to keep them, could hurt sales and profits.
Does JBSS raise its dividend every year?
No. Dividends per share have moved up and down, from $5.00 in fiscal 2021 to $2.10 in fiscal 2025 and back up to $4.00 in fiscal 2026. That is an average decline of 4.4% a year, and the streak of increases is one year. Fiscal 2026 dividends took 130.8% of free cash flow (cash left after capital spending). Net income fell 29.7% in the quarter ended September 24, 2026, compared with a year earlier. The yield was 6.78% as of October 28, 2026.
How has JBSS stock performed over the long run?
Unevenly. As of October 28, 2026, the share price was up 16.6% over one year. It was down about 10% a year over three years and 1.2% a year over five. Over ten years it gained about 7.1% a year, or 98% in total. These are share-price changes, before dividends. Calendar years ranged from a 189% gain in 2009 to a 39% loss in 2011. The deepest drop in 21 years of price history was 81.8%. On October 28, 2026, the shares traded at 12.6 times fiscal 2026 earnings.
Who controls John B. Sanfilippo & Son?
A group of stockholders called the Sanfilippo Group holds a majority of the voting power, and some members have pledged Class A shares as collateral. Jeffrey T. Sanfilippo is chief executive, and Jasper Brian Sanfilippo Jr. is president and chief operating officer. Both are directors and 10% owners. BlackRock reported a 14% stake as of June 30, 2025. Insider filings reviewed for the year to October 29, 2026 showed four sales under preset trading plans, worth about $1.45 million, and no purchases.