US snacks maker John B. Sanfilippo & Son has posted a profit for the first half of its financial year as a series of moves to make the business profitable paid off.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company today (11 February) booked net income of $100,000 for the six months to 27 December. The result compared to a loss of $3.3m a year earlier.
The profits came despite a dip in revenue, as Sanfilippo’s almonds sales fell. Net sales stood at $309.8m, down from $311.4m a year earlier.
CEO Jeffrey Sanfilippo said the company’s bid to boost earnings, including an overhaul of its production base in Chicago, had reaped dividends.
“These changes have begun to deliver benefits in the second quarter,” Sanfilippo said. “Improving production efficiency in the new Elgin facility will be our main focus in the third quarter.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
