BOSTON (Thomson Financial) - John B. Sanfilippo & Son Inc. Monday reported a
narrowed first-quarter net loss of $3.5 million, or 33 cents a share, compared
to a net loss of $4.8 million, or 46 cents a share, in the same period a year
earlier.
Sales for the three months ended Sept. 27 fell 0.7% to $132.8 million from
$133.8 million in the year-ago period.
The Elgin, Ill.-based processor of tree nuts and peanuts said it has signed
a commitment letter for a new short-term credit facility and applied for a
mortgage from a lender for a new long-term credit facility.
Sanfilippo expects that both credit facilities should close and fund by
early December.
The company anticipates about $4 million in refinance charges for the second
quarter.
Shares closed Friday at $8.35. The stock is down about 32% year-to-date.
Greg Saulnier
gs/pc
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