HIGHBuilt-inProduct / Revenue mix
92%
nuts and bars
“10-K Item 1: 'Our principal products are raw and processed nuts and bars. Including trail and snack mixes, these products accounted for approximately 92% of our gross sales'”
JBSS · Concentration risk · 10-K extracted
John B. Sanfilippo & Son (JBSS) concentration risks
Updated
The most significant concentration John B. Sanfilippo & Son discloses is nuts and bars at 92%, 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.
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
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
40%
Walmart
“10-K Item 1: 'Net sales to Walmart Inc. accounted for approximately 40% of our net sales for fiscal 2025'”
LOWOutside partyCustomer
11%
Target
“10-K Item 1: 'Net sales to Target Corporation accounted for approximately 11% of our net sales for fiscal 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-11John B. Sanfilippo is concentrated in both product and customer. Raw and processed nuts and bars, including trail and snack mixes, accounted for approximately 92% of gross sales, a high-share and structural exposure: the company's results follow commodity nut costs and consumer snacking demand. The customer exposure is large for a food supplier. Net sales to Walmart Inc. accounted for approximately 40% of net sales for fiscal 2025, a medium-share exposure, and net sales to Target Corporation accounted for approximately 11%, a low-share exposure. Both are dependencies, since volumes and pricing are negotiated with a very small number of retail buyers. Together, a narrow product line sold largely through two retailers means a commodity cost spike and a customer decision would each hit the same core business. The product risk is persistent and macro in nature, while the Walmart relationship is the idiosyncratic risk most capable of moving results abruptly. Both are clearly disclosed in Item 1 of the 10-K.
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.