John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Q1 2025 Results Conference Call October 31, 2024 10:00 AM ET
Company Participants
Jeffrey Sanfilippo – Chief Executive Office
Frank Pellegrino – Chief Financial Officer
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the John B. Sanfilippo & Son First Quarter Fiscal Year 2025 Operating Results Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.
I would like now to turn the conference over to your first speaker today, Jeffrey Sanfilippo, Chief Executive Officer. Sir, please go ahead.
Jeffrey Sanfilippo
Thank you, Michelle. Good morning, everyone, and welcome to our 2025 first quarter earnings conference call. Thank you for joining us. On the call with me today is Frank Pellegrino, our CFO; and Jasper Sanfilippo, our COO.
We may make some forward-looking statements today. These statements are based on our current expectations and may involve certain risks and uncertainties. The factors that could negatively impact results are explained in the various SEC filings that we have made, including our Forms 10-K and 10-Q. We encourage you to refer to the filings to learn more about these risks and uncertainties that are inherent in our business.
The highlight for this quarter is sales volume increased 24.5% to 91.2 million pounds. We are encouraged by sales volume increases across all 3 of our distribution channels in the first quarter.
The consumer distribution channel delivered its strongest quarterly sales volume growth, excluding the impact from the Lakeville acquisition, in the past 8 quarters as the overall core nut and trail mix category continues to stabilize and recover. The category may be challenged by increasing commodity costs and corresponding selling prices in the
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