John B Sanfilippo & Son Inc (NAS:JBSS)
$ 102.07 -1.09 (-1.06%) Market Cap: 1.18 Bil Enterprise Value: 1.23 Bil PE Ratio: 18.36 PB Ratio: 3.68 GF Score: 80/100

Q2 2023 John B Sanfilippo & Son Inc Earnings Call Transcript

Feb 02, 2023 / 03:00PM GMT
Release Date Price: $92.08 (+9.68%)
Operator

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Jeffrey T. Sanfilippo
John B. Sanfilippo & Son, Inc. - Chairman & CEO

(technical difficulty) Welcome to our fiscal 2023 second quarter earnings conference call. Thank you for joining us. On the call with me today is Frank Pellegrino, our CFO; Jasper Sanfilippo, our COO.

We make some forward-looking statements today. These statements are based on our current expectations and they involve certain risks and uncertainties. The factors that could negatively impact results are explained in the various SEC filings that we have made, including Forms 10-K and 10-Q. We encourage you to refer to the filings to learn more about these risks and uncertainties that are inherent in our business.

First, let me start out by performance. During the second quarter, net sales increased over $21 million or 8.3% compared to last year's second quarter. And we delivered strong bottom line growth as our diluted EPS increased 26.5% to $1.45 per share.

Our strong quarterly performance resulted from numerous continuous

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