US snack maker John B. Sanfilippo & Son has posted a pre-tax net loss of US$9.4m for its third quarter as a result of refinancing and restructuring its business.
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Operating income was $0.1m versus an operating loss of $6.0m a year ago.
Net sales dipped to $106.7m from $107m a year earlier.
“We have accomplished a great deal in the current quarter,” said Jeffrey Sanfilippo, CEO. “We completed the relocation of our peanut butter line to our Bainbridge, Georgia facility, which was the most challenging and expensive production line to move.
“Our item rationalisation and route migration initiatives have been implemented and are already delivering benefits.”
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