MEDIUMOutside partyCustomer
40%
Walmart Inc.
“10-K Item 1: 'Net sales to Walmart Inc. accounted for approximately 40% of our net sales for fiscal 2025, 39% of our net sales for fiscal 2024 and 36% of our net sales for fiscal 2023.'”
JBSS · Concentration risk · 10-K extracted
John B. Sanfilippo & Son (JBSS) concentration risks
Updated
The most significant concentration John B. Sanfilippo & Son discloses is Walmart Inc. at 40%, classified MEDIUM 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.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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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
HIGH0
MEDIUM2
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 partyCommodity
28%
foreign-sourced nuts and dried fruit
“10-K Item 1: 'For fiscal 2025, approximately 28% of the dollar value of our total nut and dried fruit purchases was from foreign sources.'”
LOWOutside partyCustomer
11%
Target Corporation
“10-K Item 1: 'Net sales to Target Corporation accounted for approximately 11% of our net sales for fiscal 2025, 13% of our net sales for fiscal 2024 and 15% of our net sales for fiscal 2023.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06John B. Sanfilippo & Son's concentration centers on one dominant retail customer and a sourcing dependency, with a smaller secondary customer relationship. Walmart Inc. accounted for approximately 40% of net sales in fiscal 2025, a medium-share dependency that makes it by far the company's most important customer relationship, while Target Corporation added approximately 11% of net sales, a low-share dependency by comparison. On the sourcing side, approximately 28% of the dollar value of total nut and dried fruit purchases came from foreign sources, a medium-share dependency that exposes the business to trade policy, currency, and supply-chain disruption risk outside the company's direct control. The Walmart relationship and the foreign sourcing dependency are similarly sized and both counterparty-driven rather than structural, meaning either a shift in Walmart's purchasing or a disruption to foreign supply could have a comparable-magnitude effect on results. Target's low-share exposure is a much smaller consideration. For investors, the combination of a medium-share customer concentration and a medium-share sourcing dependency — rather than either alone — is the more complete picture of where JBSS's results could swing.
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. | 0 | 2 | 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.