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Dacre, Son & Hartley launches online auction service for properties

Dacre, Son & Hartley launches online auction service for properties

Yahoo12-02-2025
Yorkshire estate agent Dacre, Son & Hartley has launched an online auction service.
The firm, which has offices in Bingley, Saltaire, Baildon, and Keighley, has partnered with property auction service provider, iamsold, for the venture.
The company's Modern Method of Auction combines the benefits of a traditional auction with the convenience of online bidding, allowing users to browse properties and make offers 24 hours a day, seven days a week.
Every auction property being marketed by Dacre, Son & Hartley still benefits from all the firm's marketing collateral, said a spokesperson - meaning they gain exposure across the company's North and West Yorkshire offices, as well as being listed on the firm's website and included in its mailouts to active buyers and investors; properties are also listed on property portals including Rightmove, Zoopla, Primelocation, and OnTheMarket.
Patrick McCutcheon, head of residential at Dacre, Son & Hartley, said: "Our new auction service is a way to sell property quickly and securely, to financially committed buyers, which reduces the chance of a sale falling through."
For more information about the Modern Method of Auction and the auction properties that Dacre, Son & Hartley is currently marketing, please visit www.dacres.co.uk and click 'Online Auctions.'
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John B. Sanfilippo & Son, Inc. Reports Fiscal 2025 Fourth Quarter and Full Year Results
John B. Sanfilippo & Son, Inc. Reports Fiscal 2025 Fourth Quarter and Full Year Results

Business Wire

time4 minutes ago

  • Business Wire

John B. Sanfilippo & Son, Inc. Reports Fiscal 2025 Fourth Quarter and Full Year Results

ELGIN, Ill.--(BUSINESS WIRE)-- John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) (the 'Company') today announced financial results for its fiscal 2025 fourth quarter and full year ended June 26, 2025. Fourth Quarter Summary Sales volume decreased 5.4 million pounds, or 5.9%, to 86.2 million pounds Net sales decreased $0.5 million, or 0.2%, to $269.1 million Gross profit decreased 2.4% to $48.8 million Diluted EPS increased 33.7% to $1.15 per share Full Year Summary Sales volume increased 11.7 million pounds, or 3.4%, to 358.3 million pounds Net Sales increased $40.5 million, or 3.8%, to 1.11 billion Gross profit decreased 5.0% to $203.5 million Diluted EPS decreased 2.3% to $5.03 per share CEO Commentary 'I'm proud of how our team navigated a challenging and constantly evolving operating environment throughout fiscal 2025. We responded swiftly and decisively to address short-term financial impacts, while remaining focused on executing our Long-Range Plan in spite of a challenging macroeconomic and consumer environment,' stated Jeffrey T. Sanfilippo, Chief Executive Officer. 'Although our financial performance fell short of our expectations, we gained positive momentum as the year progressed—highlighted by year-over-year diluted EPS growth of 49.6% and 33.7% in the third and fourth quarters, respectively, enhanced spending discipline and increased efficiencies in our operations. We also increased our net sales to a record $1.11 billion, surpassing the $1 billion mark for two years in a row. We continued to make significant investments in our manufacturing capabilities and infrastructure, laying the foundation for future profitable growth. In addition, we recently increased our annual dividend by 5.9% to $0.90 per share and declared a special dividend of $0.60 per share. Both dividends will be paid on September 11, 2025. This marks the fourteenth consecutive year of returning capital through dividends to our shareholders.' 'I want to sincerely thank all our employees for their dedication, resilience and hard work this year. Their commitment drives our success and positions us for a strong future,' Mr. Sanfilippo concluded. Fourth Quarter Results Net Sales Net sales for the fourth quarter of fiscal 2025 decreased slightly by $0.5 million, or 0.2%, to $269.1 million. This slight decline was primarily driven by a 5.9% decrease in sales volume (pounds sold to customers), which was largely offset by a 6.0% increase in the weighted average selling price per pound. The increase in the weighted average selling price per pound was mainly due to higher commodity acquisition costs for peanuts and all major tree nuts, except for pecans. Sales volume declined for all major product types, with the exception of peanuts, walnuts and pecans. Sales Volume Consumer Distribution Channel - 11.5% Private Brand -10.7% This sales volume decrease was driven by a 16.7% reduction in bars volume. This was mainly due to reduced sales to a mass merchandising retailer following an increase in bar sales due to a national brand recall in the same quarter of the previous year. Our strategic decision to reduce sales to a grocery retailer and lost distribution at another grocery retailer further contributed to the decline in bars volume. These decreases were partially offset by new bars distribution at two customers. Additionally, sales volume in all other product types decreased 8.5%, mainly due to the discontinuation of peanut butter along with softer demand for snack and trail mix, mixed nuts and almonds all at the same mass merchandising retailer driven by higher retail prices. However, these decreases were partially mitigated by increased sales of walnuts and pecans at that same retailer. Branded* -19.7% The sales volume decrease was primarily driven by a 42.9% reduction in Orchard Valley Harvest sales due to lost distribution to a major customer in the non-food sector. Commercial Ingredients Distribution Channel + 8.7% This sales volume increase was mainly driven by increased peanut butter volume to existing customers, which was further supplemented by an increase in peanut volume. Contract Manufacturing Distribution Channel +18.7% This sales volume increase was driven by the increased granola volume processed at our Lakeville facility. Snack nut sales to a new customer and increased peanut sales volume to a major customer also contributed to the overall increase. Gross Profit Gross profit decreased $1.2 million to $48.8 million. This decrease was primarily driven by higher commodity acquisition costs for nearly all tree nuts and peanuts. 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Sanfilippo & Son, Inc. is a processor, packager, marketer and distributor of nut and dried fruit products, snack bars, and dried cheese snacks, that are sold under the Company's Fisher ®, Orchard Valley Harvest ®, Squirrel Brand ®, Southern Style Nuts ® and Just the Cheese ® brand names and under a variety of private brands. Forward Looking Statements Some of the statements in this release are forward-looking. These forward-looking statements may be generally identified by the use of forward-looking words and phrases such as 'will', 'intends', 'may', 'believes', 'anticipates', 'should' and 'expects' and are based on the Company's current expectations or beliefs concerning future events and involve risks and uncertainties. Consequently, the Company's actual results could differ materially. 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time2 days ago

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