John B. Sanfilippo earnings spike
ELGIN -- John B. Sanfilippo & Son Inc. announced profit for the current quarter was $3.5 million, or 33 cents per diluted share, compared to about $1.4 million, or 13 cents per diluted share, for the second quarter of fiscal 2007. The company has recently implemented several initiatives aimed at increasing the company's long-term profitability. One such initiative resulted in the company discontinuing its store delivery program as a result of the company's determination that it is no longer profitable to ship products directly to customers.
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