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Stockholder Info.

JOHN B. SANFILIPPO & SON, INC.
CONSOLIDATED STATEMENT OF OPERATIONS

(Dollars in Thousands, Except Per Share)
(Unaudited)

For the Quarter Ended

September 23, 1999

September 24, 1998

Net sales

$79,524

$73,829

Cost of sales

66,975

62,413

Gross profit

12,549

11,416

Selling expenses

8,048

6,574

Administrative expenses

1,723

2,192

 

9,771

8,766

Income from operations

2,778

2,650

Other income (expense)

   

Interest expense

(1,886)

(2,275)

Interest income

6

7

Gain on disposition of properties

27

11

Rental income

143

129

 

(1,710)

(2,128)

Income before income tax

1,068

522

Income tax expense

427

235

Net income

$641

$287

Basic and diluted earnings per share

$0.07

$0.03

Weighted average shares outstanding:

   

Basic and diluted

9,148,565

9,148,565

JOHN B. SANFILIPPO & SON, INC.
CONSOLIDATED BALANCE SHEETS

(Dollars in Thousands)

ASSETS (Unaudited) September 23, 1999 June 24, 1999

CURRENT ASSETS:

   

Cash

$1,875

$1,393

Accounts receivable, net

25,388

24,105

Inventories

75,930

89,033

Deferred income taxes

519

519

Income taxes receivable

--

94

Prepaid expenses and other current assets

3,433

3,355

TOTAL CURRENT ASSETS

107,145

118,499

PROPERTIES, NET

72,281

72,774

OTHER ASSETS

13,111

13,951

TOTAL ASSETS

$192,537

$205,224

LIABILITIES & STOCKHOLDERS’ EQUITY

(Unaudited) September 23, 1999

June 24, 1999

CURRENT LIABILITIES:

Notes payable

$24,227

$36,411

Current maturities of long-term debt

5,659

5,672

Accounts payable

12,185

9,839

Drafts payable

6,297

5,540

Accrued expenses

5,679

7,522

Income taxes payable

287

--

TOTAL CURRENT LIABILITIES

54,334

64,984

Long-term debt, less current maturities

54,830

57,508

Long-term deferred income taxes

2,738

2,738

 

57,568

60,246

STOCKHOLDERS’ EQUITY

   

Class A common stock

37

37

Common stock

56

56

Capital in excess of par value

57,196

57,196

Retained earnings

24,550

23,909

Treasury stock

(1,204)

(1,204)

 

80,635

79,994

TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY

$192,537

$205,224

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