JOHN B.
SANFILIPPO & SON, INC.
CONSOLIDATED STATEMENT OF OPERATIONS
(Dollars in Thousands, Except Earnings Per
Share)
(Unaudited)
| |
For
the Quarter Ended
(Unaudited) |
For
the Twenty-six Weeks Ended
(Unaudited) |
| |
December
28, 2000 |
December
23, 1999 |
December
28, 2000 |
December
23, 1999 |
| Net sales |
$115,337
|
$124,030
|
$202,520
|
$203,554
|
| Cost of
sales |
93,712 |
100,505 |
166,525 |
167,480 |
| Gross profit |
21,625 |
23,525 |
35,995 |
36,074 |
| |
|
|
|
|
| Selling
expenses |
9,263 |
11,604 |
17,397 |
19,652 |
| Administrative
expenses |
2,443 |
2,667 |
4,673 |
4,390 |
| |
11,706 |
14,271 |
22,070 |
24,042 |
| |
|
|
|
|
| Income
from operations |
9,919 |
9,254 |
13,925 |
12,032 |
| |
|
|
|
|
| Other income
(expense): |
|
|
|
|
| Interest
expense |
(2,091) |
(1,823) |
(4,164) |
(3,709) |
| Rental
income |
128 |
144 |
276 |
287 |
| Miscellaneous |
3 |
50 |
7 |
83 |
| |
(1,960) |
(1,629) |
(3,881) |
(3,339) |
| |
|
|
  |
  |
| Income
before income taxes |
7,959 |
7,625 |
10,044 |
8,693 |
| Income
tax expense |
3,183 |
3,050 |
4,017 |
3,477 |
| |
|
|
|
|
| Net income |
$4,776
|
$4,575
|
$6,027 |
$5,216 |
| |
|
|
|
|
| Basic and
diluted earnings per share |
$0.52
|
$0.50
|
$0.66 |
$0.57 |
| |
|
|
|
|
| Weighted
average shares outstanding |
|
|
|
|
| -- basic |
9,148,565 |
9,148,565 |
9,148,565 |
9,148,565 |
| -- diluted |
9,148,822 |
9,148,565 |
9,148,700 |
9,148,608 |
JOHN B. SANFILIPPO &
SON, INC.
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
| |
(Unaudited)
December 28, 2000 |
June
29, 2000 |
| ASSETS |
|
|
| CURRENT
ASSETS: |
|
|
| Cash |
$2,374
|
$1,113
|
| Accounts
receivable, net |
31,322 |
24,068 |
| Inventories |
131,294 |
105,760 |
| Deferred
income taxes |
910 |
910 |
| Prepaid
expenses and other current assets |
2,108 |
2,708 |
| |
168,008 |
134,559 |
| PROPERTIES,
NET |
70,268 |
69,761 |
| OTHER ASSETS |
10,780 |
11,493 |
| |
$249,056
|
$215,813
|
| |
(Unaudited)
December 28, 2000 |
June
29, 2000 |
| LIABILITIES
& STOCKHOLDERS' EQUITY |
|
|
| CURRENT
LIABILITIES: |
|
|
| Notes
Payable |
$50,773
|
$41,874
|
| Current
maturities of long-term debt |
5,704 |
5,702 |
| Accounts
payable |
31,808 |
11,851 |
| Drafts
payable |
6,137 |
5,747 |
| Accrued
expenses |
8,375 |
8,756 |
| Income
taxes payable |
2,249 |
461 |
| |
105,046 |
74,391 |
| LONG-TERM
DEBT |
48,340 |
51,779 |
| LONG-TERM
DEFERRED INCOME TAXES |
2,892 |
2,892 |
| |
51,232 |
54,671 |
| STOCKHOLDERS'
EQUITY: |
|
|
| Class
A common stock |
37 |
37 |
| Common
stock |
56 |
56 |
| Capital
in excess of par value |
57,196 |
57,196 |
| Retained
earnings |
36,693 |
30,666 |
| Treasury
stock |
(1,204) |
(1,204) |
| |
92,778 |
86,751 |
| |
$249,056
|
$215,813
|
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