JOHN B.
SANFILIPPO & SON, INC.
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
|
(Unaudited)
December 27, 2001
|
June
28, 2001
|
| ASSETS |
|
|
|
|
|
| CURRENT
ASSETS: |
|
|
| Cash |
$1,922
|
$1,098
|
| Accounts receivable, net |
27,964 |
25,890 |
| Inventories |
112,064 |
98,567 |
| Deferred income taxes |
633 |
633 |
| Income taxes receivable |
- |
880 |
| Prepaid expenses and other current assets |
3,194 |
1,931 |
|
145,777 |
128,999 |
|
|
|
| PROPERTIES,
NET |
69,611 |
70,647 |
| OTHER
ASSETS |
11,593 |
10,594 |
|
$226,981
|
$210,240
|
|
|
|
|
(Unaudited)
December 27, 2001
|
June
28, 2001
|
| LIABILITIES
& STOCKHOLDERS' EQUITY |
|
|
|
|
|
| CURRENT
LIABILITIES: |
|
|
| Notes payable |
$24,000
|
$37,532
|
| Current maturities of long-term debt |
12,655 |
12,666 |
| Accounts payable |
34,060 |
11,429 |
| Drafts payable |
8,356 |
4,944 |
| Accrued expenses |
7,589 |
7,373 |
| Income taxes payable |
1,593 |
- |
|
88,253 |
73,944 |
|
|
|
| LONG-TERM
DEBT |
35,684 |
39,109 |
| LONG-TERM
DEFERRED INCOME TAXES |
2,841 |
2,841 |
|
38,525 |
41,950 |
|
|
|
| STOCKHOLDERS'
EQUITY: |
|
|
| Class A common stock |
37 |
37 |
| Common stock |
56 |
56 |
| Capital in excess of par value |
57,201 |
57,196 |
| Retained earnings |
44,113 |
38,261 |
| Treasury stock |
(1,204) |
(1,204) |
|
100,203 |
94,346 |
|
$226,981
|
$210,240
|
|
|
|
JOHN B.
SANFILIPPO & SON, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in thousands, except earnings per
share)
|
For
the Quarter Ended
(Unaudited)
|
For
the Twenty-six Weeks Ended
(Unaudited)
|
|
December
27, 2001
|
December
28, 2000
|
December
27, 2001
|
December
28, 2000
|
|
|
|
|
|
| Net
sales |
$112,755
|
$112,428
|
$197,514
|
$196,971
|
| Cost
of sales |
95,424 |
93,712 |
168,991 |
166,525 |
| Gross
profit |
17,331 |
18,716 |
28,523 |
30,446 |
|
|
|
|
|
| Selling
expenses |
5,927 |
6,351 |
11,468 |
11,775 |
| Administrative
expenses |
2,199 |
2,446 |
4,566 |
4,746 |
|
8,126 |
8,797 |
16,034 |
16,521 |
|
|
|
|
|
| Income
from operations |
9,205 |
9,919 |
12,489 |
13,925 |
|
|
|
|
|
| Other
income (expense): |
|
|
|
|
| Interest expense |
(1,386) |
(2,091) |
(3,034) |
(4,164) |
| Rental income |
133 |
128 |
292 |
276 |
| Miscellaneous |
3 |
3 |
7 |
7 |
|
(1,250) |
(1,960) |
(2,735) |
(3,881) |
|
|
|
|
|
| Income
before income taxes |
7,955 |
7,959 |
9,754 |
10,044 |
| Income
tax expense |
3,182 |
3,183 |
3,902 |
4,017 |
|
|
|
|
|
| Net
income |
$4,773
|
$4,776
|
$5,852
|
$6,027
|
|
|
|
|
|
| Basic
and diluted earnings per share |
$0.52
|
$0.52
|
$0.64
|
$0.66
|
|
|
|
|
|
| Weighted
average shares outstanding |
|
|
|
|
| -- basic |
9,149,206 |
9,148,565 |
9,148,884 |
9,148,565 |
|
|
|
|
|
| -- diluted |
9,193,197 |
9,148,822 |
9,189,640 |
9,148,700 |
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