US snack group John B. Sanfilippo & Son has booked an increase in full-year profits on higher sales volumes and improved operating margins.
The company said today (19 August) that net income for fiscal 2014 rose 20.8% to US$26.3m. Operating income was up 21.3% to $12.13m, the Fisher Nut maker revealed. Total operating expenses for fiscal 2014 were 9.7% of net sales compared to 10.7% of net sales for fiscal 2013, the group added.
Gains were driven by a 6% rise in net sales, which climbed to $778.6m. Sales volumes were up across all distribution channels with the exception of export sales, the company revealed. Total volumes gained 8.4% in the period.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData