Fundamental outlook
John B. Sanfilippo & Son (JBSS) is positioning its snack‑bar manufacturing segment for a high‑single‑digit revenue growth in FY 2025, driven by a “premium‑snack” strategy that emphasizes higher‑margin, protein‑rich and “better‑for‑you” bars. Management’s conference‑call preview (sent out on Aug 13) highlighted a expanded product pipeline – three new bar formats slated for launch in the second half of 2025, including a plant‑based protein bar, a “low‑sugar” functional bar and a limited‑edition “regional‑flavor” line. The company expects the new launches to lift same‑store sales by roughly 5‑7 % and improve gross margins by 30–40 bps versus the prior year, as the higher‑value formulations command better pricing and lower commodity exposure.
Technical picture
JBSS has been trading in a broad‑based uptrend since the start of 2024, with the 200‑day moving average (≈ $28.30) acting as a strong support line. The stock recently bounced off the $30 psychological level and is now holding near the $31.20–$31.80 range, which coincides with the 50‑day moving average. Volume has been light on pull‑backs, suggesting the rally is still in its early phase. A break above $32.00 with accompanying volume would likely trigger a **short