John B. Sanfilippo & Son reports private brand sales growth

On Oct. 31, Elgin, Ill.-headquartered John B. Sanfilippo & Son Inc., a supplier of both national brand (Fisher Nuts) and private brand snack, baking and produce nuts, reported an increase of 9.7 percent in sales volume (defined as pounds sold to customers) but a decrease of 1.5 percent in net sales to $222.3 million for the first quarter of fiscal 2017. The company said the overall sales volume gain was due in part to an 8.2 percent increase in sales volume with existing private brand customers.

The decline in net sales primarily resulted from lower selling prices for products containing walnuts and almonds due to lower commodity acquisition costs for those nuts, the company said.