JBSS Q1 FY27 EPS Falls 30% to $1.11 as Gross Margin Slips to 17.0%
JBSS is trading near its 52-week low of $59.07 (12% above the low).
Summary
JBSS reported Q1 FY27 diluted EPS of $1.11, down 30.2% year over year on a tough comparison, with net sales down 3.5% to $288.1 million and gross margin at 17.0%. EPS rose more than 50% sequentially from Q4 FY26, but a 6.7% Consumer volume decline is being replaced by lower-margin contract manufacturing volume.
Key Events · Earnings and Guidance · JBSS
-
Q1 FY27 EPS Down 30.2%
Diluted EPS fell to $1.11 from $1.59 a year earlier, and net income dropped to $13.2 million from $18.7 million.
-
Sales Slip on Lower Pricing
Net sales decreased $10.5 million, or 3.5%, to $288.1 million as weighted average selling price per pound fell 3.6%; sales volume was flat at 90.5 million pounds.
-
Gross Margin Compresses to 17.0%
Gross profit fell 9.6% to $48.9 million and margin declined from 18.1%, driven by competitive pricing pressure on peanuts, bars and trail mix plus higher freight, repairs and rent.
-
Consumer Volume Down 6.7%
Consumer channel volume fell on a 6.3% drop in private brand volume, partly offset by 41.3% growth in Contract Manufacturing volume from a significant new customer.
Analysis · JBSS · Manufacturing
The year-over-year earnings decline looks severe, but it comes against an exceptionally strong prior-year quarter—and the sequential trend is the real story: diluted EPS of $1.11 is up more than 50% from the $0.71 posted in Q4 FY26. What is actually at stake is the Consumer channel, where sales volume dropped 6.7% on a 6.3% decline in private brand volume. Management expects to replace much of that lost volume with lower-margin contract manufacturing, a mix shift that pressures gross margin (already down to 17.0% from 18.1%). Offsetting that, raw nut and dried fruit input costs on hand are down 20.6% year over year, which supports margins into the back half. Management also said it is evaluating its cost structure, a signal that expense action may follow.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 31% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.01%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, JBSS was trading at $66.34 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $775.7M. The 52-week trading range was $59.07 to $92.08. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.