John B. Sanfilippo & Son outlined a more than $300 million growth opportunity from new high-speed bar lines at its Elgin facility, expected to be fully operational by the second quarter of fiscal 2027. CEO Jeffrey Sanfilippo said fiscal 2026 net sales reached a record $1.2 billion, with diluted earnings per share up 4.6% for the full year, while Q4 gross profit fell 9.5% to $44.1 million due to higher input and transportation costs, manufacturing inefficiencies, and $2.7 million of recall-related costs. The company increased its annual dividend by 5.6% to $0.95 per share and declared a special dividend of $1.05 per share, both payable September 9, 2026. Jeffrey Sanfilippo will step down as CEO in October to become Executive Chairman, with his brother Jasper Sanfilippo succeeding him as CEO.
John B Sanfilippo & Son IncCompany outlines $300M growth from new bar lines, record sales, and increased dividends.
