HIGHBuilt-inProduct / Revenue mix
93%
nut and bar products
“10-K Item 1: 'these nut and bar products accounted for approximately 93% of our gross sales for fiscal 2026'”
JBSS · Concentration risk · 10-K extracted
John B. Sanfilippo & Son (JBSS) concentration risks
Updated
The most significant concentration John B. Sanfilippo & Son discloses is nut and bar products at 93%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: John B. Sanfilippo & Son’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
41%
Walmart
“10-K Item 1: 'Net sales to Walmart Inc. accounted for approximately 41% of our net sales for fiscal 2026'”
LOWOutside partyCustomer
12%
Target
“10-K Item 1: 'Net sales to Target Corporation accounted for approximately 12% of our net sales for fiscal 2026'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18John B. Sanfilippo is concentrated in both what it sells and who buys it. Nut and bar products accounted for approximately 93% of gross sales, a high-share structural exposure: the company is essentially a single-category food business, so nut commodity costs, crop conditions and consumer snacking trends drive results broadly. Customer concentration compounds this. Net sales to Walmart accounted for approximately 41% of net sales, a medium-share dependency, and net sales to Target accounted for approximately 12%, a low-share dependency. Retailers of that scale hold meaningful pricing and shelf-space leverage, and the loss or reduced orders of the larger account would be felt across the whole income statement. Netting these out, the product exposure is structural and cyclical, moving with input costs and demand, while the Walmart relationship is the idiosyncratic item most able to move the verdict, since one buying decision could shift a large fraction of volume. The Target relationship adds some further retail concentration but at a smaller scale. All three are clearly quantified in the filing, which makes them straightforward to monitor.
For the engine’s reasoning on JBSS’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Packaged Foods
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CENT | Central Garden & Pet Company | 1 | 1 | 2 | 4 |
| CENTA | Central Garden & Pet Company | 1 | 1 | 2 | 4 |
| CPB | The Campbell's Company | 1 | 1 | 1 | 3 |
| JBSS● | John B. Sanfilippo & Son, Inc. | 1 | 1 | 1 | 3 |
| CAG | ConAgra Brands, Inc. | 0 | 1 | 0 | 1 |
| BRBR | BellRing Brands, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.