Start here if you're new
what it is
JBSS roasts, packages, and sells nuts, snack bars, and snack mixes under brands like Fisher and Orchard Valley Harvest.
how it gets paid
Last year Sanfilippo John B made $1.1B in revenue. Peanuts and peanut butter was the main engine at $0.40B, or 36% of sales.
why it's growing
Revenue grew 3.8% last year. Revenue was up 95% from a year ago.
what just happened
JBSS posted $613M in revenue, $3.12 EPS, and an 18.5% gross margin.
At a glance
B++ balance sheet — above average — nothing keeping you up at night
80/100 earnings predictability — you can trust these numbers
13.1x trailing p/e — the market's not buying it — or you found a deal
1.2% dividend yield — cash in your pocket every quarter
16.2% return on capital — nothing to write home about
xvary composite: 54/100 — below average
What they do
JBSS roasts, packages, and sells nuts, snack bars, and snack mixes under brands like Fisher and Orchard Valley Harvest.
you are buying a $1.1B nut business with 1,900 employees and only $53M of long-term debt. special cash dividends of $0.60, $1.00, and $1.25 per share show the machine sends cash back instead of chasing headlines. your grocery cart already knows the brands, from Fisher to Squirrel Brand, so leaving the aisle is annoying.
How they make money
$1.1B
annual revenue · their business grew +3.8% last year
Peanuts and peanut butter
$0.40B
Tree nuts
$0.28B
Snack bars and nutrition bars
$0.15B
Trail mixes and dried fruit
$0.17B
Private brands and other snacks
$0.10B
The products that matter
branded and private-label snack manufacturing
Consumer Snacks & Bars
$613.5M · 56% of segment revenue shown
This is the biggest business here at $613.5M. It grew 6.3%, but management got that growth even while volume declined.
price-led growth
ingredient processing and supply
Commercial Ingredients
$482.5M · 44% of segment revenue shown
At $482.5M, this segment is nearly half the business and was flat. That makes Consumer Snacks & Bars carry most of the visible growth burden.
steady, not growing
acquired premium nut brand portfolio
Squirrel Brand
$9.7M goodwill
The 2018 Squirrel Brand deal accounts for all $9.7M of goodwill. That's small next to an $891M market cap, but it also tells you brand intangibles are not the main asset here.
only intangible
Key numbers
$73.50
share price
You are paying $73.50 for a company with $1.1B in sales and a 10.1% operating margin.
1.2%
yield
The dividend is small, but it still pays you while the snack aisle stays boring.
10.1%
operating margin
Every $100 of sales leaves $10.10 after operating costs, which is solid for food processing.
16.2%
return on capital
The business earns $16.20 for every $100 tied up in capital.
Financial health
B++
strength
- balance sheet grade B++ — above average financial health
- risk rank 4 — safer than 20% of stocks
- price stability 80 / 100
- long-term debt $53M (6% of capital)
B++ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for JBSS right now.
source: institutional data · return history unavailable
What just happened
beat estimates
JBSS posted $613M in revenue, $3.12 EPS, and an 18.5% gross margin.
Revenue was up 95% from a year ago, and EPS rose 104%. Gross margin held at 18.5%, which is the number that matters in a commodity-heavy food business.
$613M
revenue
$3.12
eps
18.5%
gross margin
gross margin
18.5% gross margin is the real prize because nuts are a commodity and margins decide whether you get a snack company or a grind.
source: company earnings report, 2026
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
The #1 risk is price-led growth without volume support.
high
price-led growth without volume support
Q2 2026 net sales rose 6.3% to $613.5M even as volume declined. That's useful in the short term and a problem if it repeats. Revenue held up, but the demand signal weakened.
Q2 2026 net sales rose 6.3% to $613.5M even as volume declined. That's useful in the short term and a problem if it repeats. Revenue held up, but the demand signal weakened.
med
bar production launch execution
JBSS outlined a major capital investment tied to a July 2026 bar production launch. New capacity only helps if utilization follows. If the ramp is slow, margins absorb the cost before revenue catches up.
JBSS outlined a major capital investment tied to a July 2026 bar production launch. New capacity only helps if utilization follows. If the ramp is slow, margins absorb the cost before revenue catches up.
med
commoditized economics
A 10.1% operating margin and 16.2% return on capital are decent, not elite. The $9.7M Squirrel Brand goodwill being the only intangible asset suggests limited brand insulation. This business needs execution to stay good because the moat is thin.
A 10.1% operating margin and 16.2% return on capital are decent, not elite. The $9.7M Squirrel Brand goodwill being the only intangible asset suggests limited brand insulation. This business needs execution to stay good because the moat is thin.
low
insider selling adds noise
The COO/President sold $583,954 in stock in March 2026, and a Director/10% Owner sold $185k. One sale means little. Multiple insider sales matter more when the investment case already depends on management executing cleanly.
The COO/President sold $583,954 in stock in March 2026, and a Director/10% Owner sold $185k. One sale means little. Multiple insider sales matter more when the investment case already depends on management executing cleanly.
The entire visible growth story rests on a 6.3% sales gain that came with lower volume. If that mix does not improve, the market will treat the quarter as borrowed time, not durable momentum.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
pricing vs. volume
The next quarter needs more than another price-led revenue print. If sales are up again but volume is down again, you learned the same thing twice.
calendar
July 2026 bar production launch
Management framed this as a major capital investment. Watch for evidence the new line is adding capacity and mix, not just costs.
risk
insider selling trend
March 2026 sales totaled $583,954 from the COO/President and $185k from a Director/10% Owner. One month is a note. A pattern becomes a message.
trend
Q3 2026 earnings follow-through
Q3 is where you find out whether 6.3% sales growth on lower volume was a one-quarter quirk or the new operating reality.
Analyst rankings
earnings predictability
80 / 100
The company tends to produce steady numbers. In human-speak, analysts think JBSS is more consistent than exciting.
price stability
80 / 100
The stock has been relatively stable for a small cap. That helps if you want less drama while you wait for the business story to clarify.
risk rank
4
Risk rank is a safety-style score. A 4 means this is safer than only about 20% of stocks in the system. Stable price action does not automatically mean low business risk.
source: institutional data
Institutional activity
institutional ownership data for JBSS is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$74
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive