SANFILIPPO JOHN B & SON INC, 10-Q filed on 29 Jan 26
 | XBRL Documents
v3.25.4
Cover Page - shares
 6 Months Ended
Dec. 25, 2025
Jan. 23, 2026
Document Information [Line Items]    
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Dec. 25, 2025  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q2  
Trading Symbol JBSS  
Entity Registrant Name SANFILIPPO JOHN B & SON INC  
Security Exchange Name NASDAQ  
Entity Interactive Data Current Yes  
Entity Central Index Key 0000880117  
Current Fiscal Year End Date --06-27  
Entity Current Reporting Status Yes  
Entity Shell Company false  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Title of 12(b) Security Common Stock  
Entity Address, State or Province IL  
Securities Act File Number 0-19681  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 36-2419677  
Entity Address, Address Line One 1703 North Randall Road  
Entity Address, City or Town Elgin  
Entity Address, Postal Zip Code 60123-7820  
City Area Code 847  
Local Phone Number 289-1800  
Document Quarterly Report true  
Document Transition Report false  
Common Stock, Non-Cumulative Voting Rights of One Vote Per Share [Member]    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   9,089,384
Class A Common Stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   2,597,426
v3.25.4
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 25, 2025
Dec. 26, 2024
Dec. 25, 2025
Dec. 26, 2024
Statement of Comprehensive Income [Abstract]        
Net sales $ 314,777 $ 301,067 $ 613,460 $ 577,263
Cost of sales 255,608 248,816 500,197 478,468
Gross profit 59,169 52,251 113,263 98,795
Operating expenses:        
Selling expenses 21,143 22,620 39,023 42,459
Administrative expenses 12,051 10,262 21,248 19,960
Total operating expenses 33,194 32,882 60,271 62,419
Income from operations 25,975 19,369 52,992 36,376
Other expense:        
Interest expense including $141, $159, $287 and $322 to related parties, respectively 503 772 1,487 1,288
Rental and miscellaneous expense, net 574 347 1,150 758
Pension expense (excluding service costs) 389 361 778 722
Total other expense, net 1,466 1,480 3,415 2,768
Income before income taxes 24,509 17,889 49,577 33,608
Income tax expense 6,552 4,294 12,894 8,354
Net income and comprehensive income $ 17,957 $ 13,595 $ 36,683 $ 25,254
Net income per common share - basic $ 1.54 $ 1.17 $ 3.14 $ 2.17
Net income per common share - diluted $ 1.53 $ 1.16 $ 3.12 $ 2.16
v3.25.4
Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 25, 2025
Dec. 26, 2024
Dec. 25, 2025
Dec. 26, 2024
Related Party [Member]        
Interest Expense $ 141 $ 159 $ 287 $ 322
v3.25.4
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 25, 2025
Jun. 26, 2025
Dec. 26, 2024
CURRENT ASSETS:      
Cash $ 2,400 $ 585 $ 336
Accounts receivable, net of allowance for doubtful accounts of $337, $293 and $356, respectively 79,823 76,656 81,200
Inventories 235,427 254,600 205,842
Prepaid expenses and other current assets 19,566 14,583 19,320
TOTAL CURRENT ASSETS 337,216 346,424 306,698
PROPERTY, PLANT AND EQUIPMENT:      
Land 13,365 13,365 13,365
Buildings 120,208 119,315 116,684
Machinery and equipment 335,810 326,984 301,855
Furniture and leasehold improvements 5,540 5,540 5,482
Vehicles 1,291 1,228 1,134
Construction in progress 19,033 7,223 19,366
Property, plant and equipment gross 495,247 473,655 457,886
Less: Accumulated depreciation 320,300 308,506 297,231
Property, plant and equipment net 174,947 165,149 160,655
Rental investment property, net of accumulated depreciation of $16,457, $16,053 and $15,649, respectively 12,666 13,070 13,474
TOTAL PROPERTY, PLANT AND EQUIPMENT 187,613 178,219 174,129
OTHER LONG TERM ASSETS:      
Intangible assets, net 3,810 4,428 5,057
Deferred income taxes 0 5,782 3,900
Goodwill 11,750 11,750 11,750
Operating lease right-of-use assets 26,941 27,824 29,019
Equipment deposits 40,475 12,438 7,203
Other assets 9,924 10,738 7,497
TOTAL ASSETS 617,729 597,603 545,253
CURRENT LIABILITIES:      
Revolving credit facility borrowings 10,000 57,584 49,753
Current maturities of related party long-term debt, net 3,131 941 834
Accounts payable 79,897 60,479 64,585
Bank overdraft 2,763 294 1,953
Accrued payroll and related benefits 20,399 18,446 14,690
Dividends payable 11,704 0 0
Other accrued expenses 20,512 18,302 18,247
TOTAL CURRENT LIABILITIES 148,406 156,046 150,062
LONG-TERM LIABILITIES:      
Long-term related party debt, less current maturities, net 28,839 14,564 5,969
Retirement plan 28,794 27,921 26,773
Long-term operating lease liabilities, net of current portion 23,142 24,224 25,754
Long-term workers' compensation liabilities 10,755 10,603 7,857
Deferred income taxes 3,935 0 0
Other 3,734 3,548 3,207
TOTAL LONG-TERM LIABILITIES 99,199 80,860 69,560
TOTAL LIABILITIES 247,605 236,906 219,622
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 141,665 139,724 137,858
Retained earnings 228,981 221,495 187,815
Accumulated other comprehensive income 564 564 1,044
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 370,124 360,697 325,631
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 617,729 597,603 545,253
Class A Common Stock      
STOCKHOLDERS' EQUITY:      
Common Stock 26 26 26
Common Stock, Non-Cumulative Voting Rights of One Vote Per Share [Member]      
STOCKHOLDERS' EQUITY:      
Common Stock $ 92 $ 92 $ 92
v3.25.4
Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)
$ in Thousands
Dec. 25, 2025
Jun. 26, 2025
Dec. 26, 2024
Allowance for doubtful accounts for accounts receivable, current $ 337 $ 293 $ 356
Accumulated depreciation of rental investment property 16,457 16,053 15,649
Due to related party, current 847 808 834
Unamortized debt issuance costs, current 17 2 0
Due to related party, noncurrent 5,122 5,557 5,969
Unamortized debt issuance costs, noncurrent $ 158 $ 123 $ 0
Common shares, Treasury stock 117,900 117,900 117,900
Class A Common Stock      
Common stock, par value $ 0.01 $ 0.01 $ 0.01
Common stock, shares authorized 10,000,000 10,000,000 10,000,000
Common stock, shares issued 2,597,426 2,597,426 2,597,426
Common stock, shares outstanding 2,597,426 2,597,426 2,597,426
Common Stock, Non-Cumulative Voting Rights of One Vote Per Share [Member]      
Common stock, par value $ 0.01 $ 0.01 $ 0.01
Common stock, shares authorized 17,000,000 17,000,000 17,000,000
Common stock, shares issued 9,207,284 9,161,348 9,158,541
v3.25.4
Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Capital in Excess of Par Value
Retained Earnings
Accumulated Other Comprehensive Income
Treasury Stock
Class A Common Stock
Balance at Jun. 27, 2024 $ 322,613 $ 91 $ 135,691 $ 186,965 $ 1,044 $ (1,204) $ 26
Balance, Shares at Jun. 27, 2024   9,123,938         2,597,426
Net income 11,659     11,659      
Cash dividends (24,404)     (24,404)      
Stock-based compensation expense 935   935        
Balance at Sep. 26, 2024 310,803 $ 91 136,626 174,220 1,044 (1,204) $ 26
Balance, Shares at Sep. 26, 2024   9,123,938         2,597,426
Balance at Jun. 27, 2024 322,613 $ 91 135,691 186,965 1,044 (1,204) $ 26
Balance, Shares at Jun. 27, 2024   9,123,938         2,597,426
Net income 25,254            
Balance at Dec. 26, 2024 325,631 $ 92 137,858 187,815 1,044 (1,204) $ 26
Balance, Shares at Dec. 26, 2024   9,158,541         2,597,426
Balance at Sep. 26, 2024 310,803 $ 91 136,626 174,220 1,044 (1,204) $ 26
Balance, Shares at Sep. 26, 2024   9,123,938         2,597,426
Net income 13,595     13,595      
Equity award exercises, Share   34,603          
Equity award exercises (483) $ 1 (484)        
Stock-based compensation expense 1,716   1,716        
Balance at Dec. 26, 2024 325,631 $ 92 137,858 187,815 1,044 (1,204) $ 26
Balance, Shares at Dec. 26, 2024   9,158,541         2,597,426
Balance at Jun. 26, 2025 360,697 $ 92 139,724 221,495 564 (1,204) $ 26
Balance, Shares at Jun. 26, 2025   9,161,348         2,597,426
Net income 18,726     18,726      
Cash dividends (17,493)     (17,493)      
Equity award exercises, Share   2,262          
Stock-based compensation expense 854   854        
Balance at Sep. 25, 2025 362,784 $ 92 140,578 222,728 564 (1,204) $ 26
Balance, Shares at Sep. 25, 2025   9,163,610         2,597,426
Balance at Jun. 26, 2025 360,697 $ 92 139,724 221,495 564 (1,204) $ 26
Balance, Shares at Jun. 26, 2025   9,161,348         2,597,426
Net income 36,683            
Balance at Dec. 25, 2025 370,124 $ 92 141,665 228,981 564 (1,204) $ 26
Balance, Shares at Dec. 25, 2025   9,207,284         2,597,426
Balance at Sep. 25, 2025 362,784 $ 92 140,578 222,728 564 (1,204) $ 26
Balance, Shares at Sep. 25, 2025   9,163,610         2,597,426
Net income 17,957     17,957      
Cash dividends (11,704)     (11,704)      
Equity award exercises, Share   43,674          
Equity award exercises (383)   (383)        
Stock-based compensation expense 1,470   1,470        
Balance at Dec. 25, 2025 $ 370,124 $ 92 $ 141,665 $ 228,981 $ 564 $ (1,204) $ 26
Balance, Shares at Dec. 25, 2025   9,207,284         2,597,426
v3.25.4
Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares
 3 Months Ended
Dec. 25, 2025
Sep. 25, 2025
Sep. 26, 2024
Statement of Stockholders' Equity [Abstract]      
Cash dividends per common share $ 1 $ 1.5 $ 2.1
v3.25.4
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Dec. 25, 2025
Dec. 26, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 36,683 $ 25,254
Depreciation and amortization 14,177 13,153
Amortization of operating lease right-of-use assets 2,477 2,185
Loss on disposition of assets, net 84 671
Deferred income tax expense (benefit) 9,717 (770)
Stock-based compensation expense 2,324 2,651
Change in assets and liabilities:    
Accounts receivable, net (3,286) 3,798
Inventories 19,173 (9,279)
Prepaid expenses and other current assets (503) (3,683)
Accounts payable 15,665 9,039
Accrued expenses 3,939 (18,628)
Income taxes receivable (4,480) (3,559)
Other long-term assets and liabilities (2,336) (1,755)
Other, net 991 839
Net cash provided by operating activities 94,625 19,916
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (47,323) (25,548)
Proceeds from life insurance, net 1,094 0
Other, net (34) (70)
Net cash used in investing activities (46,263) (25,618)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net short-term (repayments) borrowings (47,584) 29,333
Principal payments on long-term debt (395) (299)
Increase in bank overdraft 2,469 1,408
Dividends paid (17,493) (24,404)
Proceeds from issuance of debt 16,911 0
Debt issue costs (72) 0
Taxes paid related to net share settlement of equity awards (383) (484)
Net cash (used in) provided by financing activities (46,547) 5,554
NET INCREASE (DECREASE) IN CASH 1,815 (148)
Cash, beginning of period 585 484
Cash, end of period $ 2,400 $ 336
v3.25.4
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 25, 2025
Sep. 25, 2025
Dec. 26, 2024
Sep. 26, 2024
Dec. 25, 2025
Dec. 26, 2024
Pay vs Performance Disclosure            
Net Income (Loss) $ 17,957 $ 18,726 $ 13,595 $ 11,659 $ 36,683 $ 25,254
v3.25.4
Insider Trading Arrangements
 3 Months Ended
Dec. 25, 2025
shares
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement

Rule 10b5-1 Trading Arrangement

The following table shows our directors and officers that adopted a trading plan intended to satisfy the conditions under Rule 10b5-1(c) of the Exchange Act:

 

Name & Position

 

Adoption Date

 

Shares of the Company's Common Stock

 

 

Expiration Date(1)

Jeffrey T. Sanfilippo, Chief Executive Officer

 

November 26, 2025

 

 

7,212

 

 

March 2, 2027

Jasper B. Sanfilippo, Jr., Chief Operating Officer

 

November 26, 2025

 

 

7,212

 

 

March 2, 2027

Lisa A. Sanfilippo, Director

 

November 26, 2025

 

 

2,272

 

 

March 2, 2027

James J. Sanfilippo, Director

 

November 26, 2025

 

 

1,268

 

 

March 2, 2027

 

(1)
The plan expires on the date in this column, or upon the earlier completion of all authorized transactions under the Rule 10b5-1 plan.

 

During the quarter ended December 25, 2025, other than noted above, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted, terminated or modified a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K).
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Non Rule 10b5-1 Arrangement Modified false
Rule 10b5-1 Arrangement Modified false
Jeffrey Sanfilippo  
Trading Arrangements, by Individual  
Name Jeffrey T
Title Sanfilippo
Rule 10b5-1 Arrangement Adopted true
Adoption Date November 26, 2025
Expiration Date March 2, 2027 [1]
Arrangement Duration 279 days
Aggregate Available 7,212
Jasper Sanfilippo  
Trading Arrangements, by Individual  
Name Jasper B
Title Sanfilippo
Rule 10b5-1 Arrangement Adopted true
Adoption Date November 26, 2025
Expiration Date March 2, 2027 [1]
Arrangement Duration 366 days
Aggregate Available 7,212
Lisa Sanfilippo  
Trading Arrangements, by Individual  
Name Lisa A
Title Sanfilippo
Rule 10b5-1 Arrangement Adopted true
Adoption Date November 26, 2025
Expiration Date March 2, 2027 [1]
Arrangement Duration 366 days
Aggregate Available 2,272
James Sanfilippo  
Trading Arrangements, by Individual  
Name James J
Title Sanfilippo
Rule 10b5-1 Arrangement Adopted true
Adoption Date November 26, 2025
Expiration Date March 2, 2027 [1]
Arrangement Duration 366 days
Aggregate Available 1,268
[1] The plan expires on the date in this column, or upon the earlier completion of all authorized transactions under the Rule 10b5-1 plan.
v3.25.4
Basis of Presentation and Description of Business
 6 Months Ended
Dec. 25, 2025
Accounting Policies [Abstract]  
Basis of Presentation and Description of Business

Note 1 – Basis of Presentation and Description of Business

As used herein, unless the context otherwise indicates, the terms “we”, “us”, “our” or “Company” collectively refer to John B. Sanfilippo & Son, Inc. and our wholly-owned subsidiary, JBSS Ventures, LLC. Our fiscal year ends on the final Thursday of June each year, and typically consists of fifty-two weeks (four thirteen-week quarters). Additional information on the comparability of the periods presented is as follows:

•
References herein to fiscal 2026 and fiscal 2025 are to the fiscal year ending June 25, 2026 and the fiscal year ended June 26, 2025, respectively.
•
References herein to the second quarter of fiscal 2026 and fiscal 2025 are to the quarters ended December 25, 2025 and December 26, 2024, respectively.
•
References herein to the first half or first twenty-six weeks of fiscal 2026 and fiscal 2025 are to the twenty-six weeks ended December 25, 2025 and December 26, 2024, respectively.

We are one of the leading processors and distributors of peanuts, pecans, cashews, walnuts, almonds and other nuts in the United States. We also manufacture and distribute a portfolio of snack and nutrition bars (“bars”), and market and distribute, and in most cases, manufacture or process, a diverse product line of other food and snack products, including peanut butter, almond butter, cashew butter, candy and confections, snack and trail mixes, granola, sunflower kernels, dried fruit, corn snacks, sesame sticks, other sesame snack products and baked cheese snack products. We primarily sell our products under a variety of private brand names, as well as under our Fisher, Orchard Valley Harvest, Squirrel Brand, Southern Style Nuts and Just the Cheese brand names. Our products are sold through three core distribution channels, including food retailers in the consumer channel, commercial ingredient users and contract manufacturing customers.

The accompanying unaudited financial statements fairly present the consolidated statements of comprehensive income, consolidated balance sheets, consolidated statements of stockholders’ equity and consolidated statements of cash flows, and reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for the fair statement of the results of the interim periods. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses.

The interim results of operations are not necessarily indicative of the results to be expected for a full year. The balance sheet data as of June 26, 2025 was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. Accordingly, these unaudited financial statements and related notes should be read in conjunction with the audited consolidated financial statements and notes thereto included in our 2025 Annual Report on Form 10-K for the fiscal year ended June 26, 2025.
v3.25.4
Revenue Recognition
 6 Months Ended
Dec. 25, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition

Note 2 – Revenue Recognition

We recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services. For each customer contract, a five-step process is followed in which we identify the contract, identify performance obligations, determine the transaction price, allocate the contract transaction price to the performance obligations, and recognize the revenue when (or as) the performance obligation is transferred to the customer.

When Performance Obligations Are Satisfied

A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is the unit of account for revenue recognition. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The Company’s performance obligations are primarily for the delivery of raw and processed recipe and snack nuts, nut butters, trail mixes and bars.

Our customer contracts do not include more than one performance obligation. If a contract were to contain more than one performance obligation, we are required to allocate the contract’s transaction price to each performance obligation based on its relative standalone selling price. The standalone selling price for each distinct good is generally determined by directly observable data.

Revenue recognition is generally completed at a point in time when product control is transferred to the customer. For virtually all of our revenues, control transfers to the customer when the product is shipped or delivered to the customer based upon applicable shipping terms. This allows the customer to then direct the use and obtain substantially all of the remaining benefits from the asset at that point in time. Therefore, the timing of our revenue recognition requires little judgment.

Variable Consideration

Some of our products are sold through specific incentive programs consisting of promotional allowances, volume and customer rebates, in-store display incentives and marketing allowances, among others, to consumer and some commercial ingredient customers. The ultimate cost of these programs is dependent on certain factors such as actual purchase volumes or customer activities. It is also dependent on significant management judgment when determining estimates. The Company accounts for these programs as variable consideration and recognizes a reduction in revenue (and a corresponding reduction in the transaction price) in the same period as the underlying program based upon the terms of the specific arrangements.

Trade promotions, consisting primarily of customer pricing allowances, merchandising funds and consumer coupons, are also offered through various programs to customers and consumers. A provision for estimated trade promotions is recorded as a reduction of revenue (and a reduction in the transaction price) in the same period when the sale is recognized. Revenues are also recorded net of expected customer deductions, which are provided for based upon past experiences. Evaluating these estimates requires management judgment.

We generally use the most likely amount method to determine the variable consideration. We believe there will not be significant changes to our estimates of variable consideration when any related uncertainties are resolved with our customers. The Company reviews and updates its estimates and related accruals of variable consideration and trade promotions at least quarterly based on the terms of the agreements and historical experience. Any uncertainties in the ultimate resolution of variable consideration due to factors outside of the Company’s influence are typically resolved within a short timeframe. Therefore, no additional constraint on the variable consideration is required.

Contract Balances

Contract assets or liabilities result from transactions with revenue recorded over time. If the measure of remaining rights exceeds the measure of the remaining performance obligations, the Company records a contract asset. Conversely, if the measure of the remaining performance obligations exceeds the measure of the remaining rights, the Company records a contract liability. The contract asset balances as of June 26, 2025 and December 26, 2024 were $159 and $611, respectively, and are recorded in the caption “Prepaid expenses and other current assets” on the Consolidated Balance Sheets. There was no contract asset balance at December 25, 2025. The Company generally does not have material deferred revenue or contract liability balances arising from transactions with customers.

Disaggregation of Revenue

Revenue disaggregated by sales channel is as follows:

 

 

For the Quarter Ended

 

 

For the Twenty-Six Weeks Ended

 

Distribution Channel

 

December 25,
2025

 

 

December 26,
2024

 

 

December 25,
2025

 

 

December 26,
2024

 

Consumer

 

$

263,159

 

 

$

251,359

 

 

$

505,244

 

 

$

480,743

 

Commercial Ingredients

 

 

27,985

 

 

 

26,589

 

 

 

59,194

 

 

 

53,489

 

Contract Manufacturing

 

 

23,633

 

 

 

23,119

 

 

 

49,022

 

 

 

43,031

 

Total

 

$

314,777

 

 

$

301,067

 

 

$

613,460

 

 

$

577,263

 
v3.25.4
Leases
 6 Months Ended
Dec. 25, 2025
Leases [Abstract]  
Leases

Note 3 – Leases

Description of Leases

We lease warehouse space, equipment used in the transportation of goods in our warehouses, a limited number of automobiles and semi-trailers and a small office space. Our leases generally do not contain any explicit guarantees of residual value and, with the exception of the lease for our warehousing and distribution center in Huntley, IL, generally do not contain non-lease components. Our leases for warehouse transportation equipment generally require the equipment to be returned to the lessor in good working order.

Through a review of our contracts, we determine if an arrangement is a lease at inception and analyze the lease to determine if it is operating or finance. Operating lease right-of-use assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental collateralized borrowing rate based on the information available at the commencement date in determining the present value of lease payments. Implicit rates are used when readily determinable. With the exception of our warehouse leases, none of our other leases currently contain options to extend the term. In the event of an option to extend the term of a lease, the lease term used in measuring the liability would include options to extend or terminate the lease if it is reasonably certain that the Company will exercise that option. Lease expense for operating lease payments is recognized on a straight-line basis over the respective lease term. Our leases have remaining terms of up to 6.9 years.

It is our accounting policy not to apply lease recognition requirements to short-term leases, defined as leases with an initial term of 12 months or less. As such, leases with an initial term of 12 months or less are not recorded in the Consolidated Balance Sheets. We have also made the policy election to not separate lease and non-lease components for all leases.

The following table provides supplemental information related to operating lease right-of-use assets and liabilities:

 

December 25,
2025

 

 

June 26,
2025

 

 

December 26,
2024

 

 

Affected Line Item in Consolidated Balance Sheets

Assets

 

 

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

$

26,941

 

 

$

27,824

 

 

$

29,019

 

 

Operating lease right-of-use assets

Total lease right-of-use assets

$

26,941

 

 

$

27,824

 

 

$

29,019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

 

Operating leases

$

5,110

 

 

$

4,515

 

 

$

4,211

 

 

Other accrued expenses

Noncurrent:

 

 

 

 

 

 

 

 

 

 

Operating leases

 

23,142

 

 

 

24,224

 

 

 

25,754

 

 

Long-term operating lease liabilities

Total lease liabilities

$

28,252

 

 

$

28,739

 

 

$

29,965

 

 

 

 

The following tables summarize the Company’s total lease costs and other information arising from operating lease transactions:

 

 

For the Quarter Ended

 

 

For the Twenty-Six Weeks Ended

 

 

December 25,
2025

 

 

December 26,
2024

 

 

December 25,
2025

 

 

December 26,
2024

 

Operating lease costs (a)

 

$

1,968

 

 

$

1,971

 

 

$

3,868

 

 

$

3,713

 

Variable lease costs (b)

 

 

350

 

 

 

134

 

 

 

698

 

 

 

306

 

Total lease cost

 

$

2,318

 

 

$

2,105

 

 

$

4,566

 

 

$

4,019

 

 

(a)
Includes short-term leases, which are immaterial.
(b)
Variable lease costs consist of property taxes, sales tax and insurance.

Supplemental cash flow and other information related to leases was as follows:

 

 

For the Twenty-Six Weeks Ended

 

 

December 25,
2025

 

 

December 26,
2024

 

Operating cash flows information:

 

 

 

 

 

 

Cash paid for amounts included in measurements for lease liabilities

 

$

3,030

 

 

$

2,246

 

 

 

 

 

 

 

 

Non-cash activity:

 

 

 

 

 

 

Right-of-use assets obtained in exchange for new operating lease obligations

 

$

1,594

 

 

$

3,800

 

 

 

December 25,
2025

 

 

June 26,
2025

 

 

December 26,
2024

 

Weighted average remaining lease term (in years)

 

 

5.2

 

 

 

5.7

 

 

 

6.1

 

Weighted average discount rate

 

 

6.7

%

 

 

6.7

%

 

 

6.7

%

 

 

Maturities of operating lease liabilities as of December 25, 2025 are as follows:

 

Fiscal Year Ending

 

 

 

June 25, 2026 (excluding the twenty-six weeks ended December 25, 2025)

 

$

3,494

 

June 24, 2027

 

 

6,616

 

June 29, 2028

 

 

6,487

 

June 28, 2029

 

 

5,586

 

June 27, 2030

 

 

4,729

 

June 26, 2031

 

 

4,210

 

Thereafter

 

 

2,443

 

Total lease payments

 

 

33,565

 

Less imputed interest

 

 

(5,313

)

Present value of operating lease liabilities

 

$

28,252

 

 

On January 15, 2026, the Company executed a 10 year lease for the remaining warehouse space of approximately 285,000 square feet in Huntley, IL. The original warehouse space was leased starting in fiscal 2024 near our largest facility in Elgin, IL, and the execution of this lease will result in us renting the entire building. The warehouse will be primarily utilized to store finished goods inventory and as a distribution center along with light manufacturing. Since the lease for the remaining space has not yet commenced, approximately $18,146 of additional operating leases are not reflected in the Consolidated Balance Sheet and tables above. The lease for the remaining space is scheduled to commence not later than the first quarter of fiscal 2027.

Lessor Accounting

We lease office space in our four-story office building located in Elgin, IL. As a lessor, we retain substantially all of the risks and benefits of ownership of the investment property. Under Topic 842: Leases, we continue to account for all of our leases as operating leases. Lease agreements may include options to renew. We accrue fixed lease income on a straight‑line basis over the terms of the leases. There is generally no variable lease consideration and an immaterial amount of non-lease components such as recurring utility and storage fees. Leases between related parties are immaterial.

Leasing revenue is as follows:

 

 

For the Quarter Ended

 

 

For the Twenty-Six Weeks Ended

 

 

December 25,
2025

 

 

December 26,
2024

 

 

December 25,
2025

 

 

December 26,
2024

 

Lease income related to lease payments

 

$

243

 

 

$

478

 

 

$

473

 

 

$

957

 

 

The future minimum, undiscounted fixed cash flows under non-cancelable tenant operating leases for each of the next five years and thereafter are as follows:

 

Fiscal Year Ending

 

 

 

June 25, 2026 (excluding the twenty-six weeks ended December 25, 2025)

 

$

618

 

June 24, 2027

 

 

1,225

 

June 29, 2028

 

 

639

 

June 28, 2029

 

 

560

 

June 27, 2030

 

 

544

 

June 26, 2031

 

 

556

 

Thereafter

 

 

1,887

 

 

$

6,029

 
v3.25.4
Inventories
 6 Months Ended
Dec. 25, 2025
Inventory Disclosure [Abstract]  
Inventories

Note 4 – Inventories

Inventories consist of the following:

 

 

December 25,
2025

 

 

June 26,
2025

 

 

December 26,
2024

 

Raw material and supplies

 

$

89,772

 

 

$

95,350

 

 

$

96,109

 

Work-in-process and finished goods

 

 

145,655

 

 

 

159,250

 

 

 

109,733

 

Total

 

$

235,427

 

 

$

254,600

 

 

$

205,842

 

 
v3.25.4
Goodwill and Intangible Assets
 6 Months Ended
Dec. 25, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

Note 5 – Goodwill and Intangible Assets

Identifiable intangible assets that are subject to amortization consist of the following:

 

 

December 25,
2025

 

 

June 26,
2025

 

 

December 26,
2024

 

Customer relationships

 

$

21,350

 

 

$

21,350

 

 

$

21,350

 

Brand names

 

 

17,070

 

 

 

17,070

 

 

 

17,070

 

Product formulas

 

 

850

 

 

 

850

 

 

 

850

 

Non-compete agreement

 

 

300

 

 

 

300

 

 

 

300

 

 

 

39,570

 

 

 

39,570

 

 

 

39,570

 

Less accumulated amortization:

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

(21,350

)

 

 

(21,179

)

 

 

(21,004

)

Brand names

 

 

(13,748

)

 

 

(13,388

)

 

 

(13,024

)

Product formulas

 

 

(362

)

 

 

(283

)

 

 

(202

)

Non-compete agreement

 

 

(300

)

 

 

(292

)

 

 

(283

)

 

 

(35,760

)

 

 

(35,142

)

 

 

(34,513

)

Net intangible assets

 

$

3,810

 

 

$

4,428

 

 

$

5,057

 

 

Customer relationships are being amortized on an accelerated basis. The brand names remaining to be amortized consist of the Squirrel Brand and Southern Style Nuts brand names.

Total amortization expense related to intangible assets, which is classified in “administrative expenses” in the Consolidated Statement of Comprehensive Income, was $306 and $618 for the quarter and twenty-six weeks ended December 25, 2025, respectively. Amortization expense for the remainder of fiscal 2026 is expected to be approximately $424 and expected amortization expense the next five fiscal years is as follows:

 

Fiscal Year Ending

 

 

 

June 24, 2027

 

$

847

 

June 29, 2028

 

 

677

 

June 28, 2029

 

 

496

 

June 27, 2030

 

 

400

 

June 26, 2031

 

 

400

 

 

Our net goodwill at December 25, 2025 was comprised of $9,650 from the fiscal 2018 Squirrel Brand acquisition and $2,100 from the fiscal 2023 Just the Cheese brand acquisition. The changes in the carrying amount of goodwill since June 27, 2024 are as follows:

 

Gross goodwill balance at June 27, 2024

 

$

20,516

 

Accumulated impairment losses

 

 

(8,766

)

Net goodwill balance at June 27, 2024

 

 

11,750

 

Goodwill acquired during fiscal 2025

 

 

—

 

Net balance at June 26, 2025

 

 

11,750

 

Goodwill acquired during fiscal 2026

 

 

—

 

Net balance at December 25, 2025

 

$

11,750

 
v3.25.4
Credit Facility
 6 Months Ended
Dec. 25, 2025
Debt Disclosure [Abstract]  
Credit Facility

Note 6 – Credit Facility

Our Amended and Restated Credit Agreement dated March 5, 2020, as amended most recently on June 16, 2025, provides for a $150,000 senior secured revolving credit facility (the “Credit Facility”) and has a maturity date of September 29, 2028. The Credit Facility is secured by our accounts receivable and inventory.

At December 25, 2025, we had $134,745 of available credit under the Credit Facility reflecting borrowings of $10,000 and reduced availability as a result of $5,255 in outstanding letters of credit. As of December 25, 2025, we were in compliance with all financial covenants under the Credit Facility.

v3.25.4
Equipment Loan
 6 Months Ended
Dec. 25, 2025
Debt Disclosure [Abstract]  
Equipment Loan

Note 7 – Equipment Loan

On June 16, 2025, the Company entered into a financing agreement with Wells Fargo Bank, N.A. which allows the Company to finance up to $50,000 for the purchase of equipment to further expand our production capabilities, increase our efficiency and further enhance our product offerings to our customers (the “Equipment Loan”). The Equipment Loan is provided under a master loan agreement and related equipment schedules, and is secured under a Security Agreement that provides for a first priority lien on all equipment and a second priority lien on our accounts receivable and inventory. The Company will be required to make sixty equal monthly payments comprised of principal and interest starting upon equipment acceptance and distribution of the final loan proceeds, which is expected to occur in the fourth quarter of fiscal 2026. The fixed interest rate (SOFR plus an applicable margin of 1.49%) will be calculated at that point in time as well. The Equipment Loan contains a graded prepayment penalty if the loan is paid off within 36 months of commencement. The Company will make monthly interest-only payments of SOFR plus an applicable margin of 1.60% prior to the delivery and acceptance of the equipment and distribution of the final loan proceeds, which will be capitalized as part of the equipment acquisition cost.

As of December 25, 2025 and June 26, 2025 there was $26,176 and $9,265, respectively, of the debt obligation under the Equipment Loan outstanding. The interest costs incurred directly attributable to the Equipment Loan were capitalized. Interest capitalized was $372 and $716 for the quarter and twenty-six weeks ended December 25, 2025, respectively. No interest was capitalized for the quarter and twenty-six weeks ended December 26, 2024 because no significant project required such capitalization.
v3.25.4
Earnings Per Common Share
 6 Months Ended
Dec. 25, 2025
Earnings Per Share [Abstract]  
Earnings Per Common Share

Note 8 – Earnings Per Common Share

The following table presents the reconciliation of the weighted average shares outstanding used in computing basic and diluted earnings per share:

 

 

For the Quarter Ended

 

 

For the Twenty-Six Weeks Ended

 

 

December 25,
2025

 

 

December 26,
2024

 

 

December 25,
2025

 

 

December 26,
2024

 

Weighted average number of shares outstanding – basic

 

 

11,690,152

 

 

 

11,647,791

 

 

 

11,680,669

 

 

 

11,640,598

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units

 

 

49,274

 

 

 

62,300

 

 

 

62,644

 

 

 

73,129

 

Weighted average number of shares outstanding – diluted

 

 

11,739,426

 

 

 

11,710,091

 

 

 

11,743,313

 

 

 

11,713,727

 

 

There were no anti-dilutive awards excluded from the computation of diluted earnings per share for any periods presented.
v3.25.4
Stock-Based Compensation Plans
 6 Months Ended
Dec. 25, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Plans

Note 9 – Stock-Based Compensation Plans

The following is a summary of Restricted Stock Unit (“RSU”) activity for the first twenty-six weeks of fiscal 2026:

 

Restricted Stock Units

 

Shares

 

 

Weighted Average Grant Date Fair Value

 

Outstanding at June 26, 2025

 

 

158,824

 

 

$

72.77

 

Granted

 

 

78,330

 

 

$

59.93

 

Vested (a)

 

 

(51,564

)

 

$

74.49

 

Forfeited

 

 

(6,609

)

 

$

74.60

 

Outstanding at December 25, 2025

 

 

178,981

 

 

$

66.59

 

 

(a)
The number of RSUs vested includes shares that were withheld on behalf of employees to satisfy statutory tax withholding requirements.

At December 25, 2025, there were 30,354 RSUs outstanding that were vested but deferred.

The following is a summary of Performance Stock Unit (“PSU”) activity for the first twenty-six weeks of fiscal 2026:

 

Performance Stock Units (a)

 

Shares

 

 

Weighted Average Grant Date Fair Value

 

Outstanding at June 26, 2025

 

 

17,299

 

 

$

76.79

 

Granted

 

 

12,499

 

 

$

57.24

 

Vested

 

 

—

 

 

$

—

 

Forfeited

 

 

(503

)

 

$

77.18

 

Outstanding at December 25, 2025

 

 

29,295

 

 

$

68.45

 

 

(a)
The PSUs are presented based on reaching target performance. The PSUs vest approximately three years from the grant date, with the number of shares earned (ranging from 0% to 200% of the target award) depending on the extent to which we achieve certain performance metrics. Based on current expectations and performance against these metrics, we expect 22,054 PSUs to be earned and thus vest at the end of the applicable vesting periods. The final number of shares that will eventually be earned and vest (if any) has not yet been determined as of December 25, 2025.

The following table summarizes compensation expense charged to earnings for all equity compensation plans for the periods presented:

 

 

For the Quarter Ended

 

 

For the Twenty-Six Weeks Ended

 

 

December 25,
2025

 

 

December 26,
2024

 

 

December 25,
2025

 

 

December 26,
2024

 

Stock-based compensation expense

 

$

1,470

 

 

$

1,716

 

 

$

2,324

 

 

$

2,651

 

 

As of December 25, 2025, there was $6,685 of total unrecognized compensation expense related to non-vested RSUs and PSUs granted under our stock-based compensation plans. We expect to recognize that cost over a weighted average period of 1.8 years.
v3.25.4
Retirement Plan
 6 Months Ended
Dec. 25, 2025
Retirement Benefits [Abstract]  
Retirement Plan

Note 10 – Retirement Plan

The Supplemental Employee Retirement Plan (“Retirement Plan”) is an unfunded, non-qualified benefit plan that will provide eligible participants with monthly benefits upon retirement, disability or death, subject to certain conditions. The monthly benefit is based upon each participant’s earnings and his or her number of years of service. The components of net periodic benefit cost are as follows:

 

 

For the Quarter Ended

 

 

For the Twenty-Six Weeks Ended

 

 

 

December 25,
2025

 

 

December 26,
2024

 

 

December 25,
2025

 

 

December 26,
2024

 

Service cost

 

$

140

 

 

$

129

 

 

$

281

 

 

$

258

 

Interest cost

 

 

389

 

 

 

361

 

 

 

778

 

 

 

722

 

Net periodic benefit cost

 

$

529

 

 

$

490

 

 

$

1,059

 

 

$

980

 

 

The components of net periodic benefit cost, other than the service cost component, are included in the line item “Pension expense (excluding service costs)” in the Consolidated Statements of Comprehensive Income.

v3.25.4
Commitments and Contingent Liabilities
 6 Months Ended
Dec. 25, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingent Liabilities

Note 11 – Commitments and Contingent Liabilities

We are currently a party to various legal proceedings in the ordinary course of business. While management presently believes that the ultimate outcomes of these proceedings, individually and in the aggregate, will not materially affect our financial position, results of operations or cash flows, legal proceedings are subject to inherent uncertainties, and unfavorable outcomes could occur. Unfavorable outcomes could include substantial monetary damages in excess of any appropriate accruals management has established. Were such unfavorable final outcomes to occur, there exists the possibility of a material adverse effect on our financial position, results of operations and cash flows.

v3.25.4
Fair Value of Financial Instruments
 6 Months Ended
Dec. 25, 2025
Fair Value Disclosures [Abstract]  
Fair Value of Financial Instruments

Note 12 – Fair Value of Financial Instruments

The Financial Accounting Standards Board (the “FASB”) defines fair value as the price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The guidance establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three broad levels:

 

 

 

 

 

 

 

 

Level 1

 

 

–

 

 

Quoted prices in active markets that are accessible at the measurement date for identical assets and liabilities.

 

 

 

Level 2

 

 

–

 

 

Observable inputs other than quoted prices in active markets. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets.

 

 

 

Level 3

 

 

–

 

 

Unobservable inputs for which there is little or no market data available.

 

The carrying values of cash, trade accounts receivable and accounts payable approximate their fair values at each balance sheet date because of the short-term maturities and nature of these balances.

The carrying value of our revolving credit facility borrowings approximates fair value at each balance sheet date because interest rates on this instrument approximate current market rates (Level 2 criteria) and because of the short-term maturity and nature of this balance. In addition, there has been no significant change in our inherent credit risk.

The following table summarizes the carrying value and fair value estimate of our current and long-term debt, excluding unamortized debt issuance costs:

 

 

December 25,
2025

 

 

June 26,
2025

 

 

December 26,
2024

 

Carrying value of current and long-term debt:

 

$

32,145

 

 

$

15,630

 

 

$

6,803

 

Fair value of current and long-term debt:

 

 

31,900

 

 

 

15,329

 

 

 

6,545

 

 

The estimated fair value of our current and long-term debt was determined using a market approach based upon Level 2 observable inputs, which estimates fair value based on interest rates currently offered on loans with similar terms to borrowers of similar credit quality or broker quotes. In addition, there have been no significant changes in the underlying assets securing our long-term debt.
v3.25.4
Segment Reporting
 6 Months Ended
Dec. 25, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING

Note 13 – Segment Reporting

The Company’s chief operating decision maker (“CODM”) is comprised of the chief executive officer and chief operating officer who review financial information on a consolidated basis for purposes of making operating decisions, allocating resources and evaluating financial performance. As such, we operate in a single reporting unit and operating segment that consists of selling various nut and nut related products and bars through three distribution channels, almost entirely within the United States. A description of how the Company derives revenues is included in Note 2 – “Revenue Recognition”.

The CODM uses consolidated net income as the measure of segment profit or loss to make key operating decisions, monitor budget versus actual results and allocate resources. The CODM compares net income to prior year to assess year-over-year growth of the Company and compares net income to budget to evaluate how the Company is performing against internal expectations. The measure of segment assets is reported on the Consolidated Balance Sheet as total assets. Depreciation, amortization and purchases of property, plant and equipment are reported at the consolidated level on the Consolidated Statements of Cash Flows. The significant segment expenses regularly provided to the CODM are those presented on our Consolidated Statements of Comprehensive Income. These significant expenses include cost of sales, selling expenses and administrative expenses. Other segment items include interest expense, net rental and miscellaneous expense, pension expense and income tax expense on the Consolidated Statements of Comprehensive Income.

Depreciation expense was $6,717 and $13,559 for the quarter and twenty-six weeks ended December 25, 2025, respectively and $6,224 and $12,388 for the quarter and twenty-six weeks ended December 26, 2024, respectively.
v3.25.4
Recent Accounting Pronouncements and Tax Legislation
 6 Months Ended
Dec. 25, 2025
Accounting Changes and Error Corrections [Abstract]  
Recent Accounting Pronouncements and Tax Legislation

Note 14 – Recent Accounting Pronouncements and Tax Legislation

The following recent accounting pronouncements have not yet been adopted:

In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. The amendments in this update enhance the transparency and decision usefulness of income tax disclosures primarily related to the rate reconciliation and income taxes paid by jurisdiction. The amendments are effective for fiscal years beginning after December 15, 2024. The requirements of this amendment will first be applied in our upcoming Form 10-K filing for the fiscal year ending June 25, 2026, and will be applied prospectively. We are currently evaluating the impact of this disclosure update but do not expect it to have a material impact on our Consolidated Financial Statements.

In November 2024, the FASB issued ASU 2024-03 “Disaggregation of Income Statement Expenses”. The amendments in this update require disaggregated disclosure of certain costs and expenses, including purchases of inventory, employee compensation, depreciation, and intangible asset amortization. The amendments are effective for public entities for fiscal years beginning after December 15, 2026, and for interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. We are currently evaluating the impact of this update on our related disclosures.

The following tax law was enacted this fiscal year:

Public Law No. 119-21, commonly known as the One, Big, Beautiful Bill Act (the “Act”), was signed into law on July 4, 2025. The Act contains significant tax law changes with various effective dates affecting business taxpayers, including the Company. Among the tax law changes that will impact the Company relate to the acceleration of certain tax deductions including depreciation expense and research and development expenditures. This will lead to lower cash tax payments in the near term combined with an increase in our deferred tax liability. The Company implemented the Act’s tax law changes in the first quarter of fiscal 2026. The Company does not anticipate any impact to its overall tax expense, but the Act will impact the allocation of tax expense between current and deferred.
v3.25.4
Revenue Recognition (Tables)
 6 Months Ended
Dec. 25, 2025
Revenue from Contract with Customer [Abstract]  
Summary of Revenue Disaggregated by Sales Channel

Revenue disaggregated by sales channel is as follows:

 

 

For the Quarter Ended

 

 

For the Twenty-Six Weeks Ended

 

Distribution Channel

 

December 25,
2025

 

 

December 26,
2024

 

 

December 25,
2025

 

 

December 26,
2024

 

Consumer

 

$

263,159

 

 

$

251,359

 

 

$

505,244

 

 

$

480,743

 

Commercial Ingredients

 

 

27,985

 

 

 

26,589

 

 

 

59,194

 

 

 

53,489

 

Contract Manufacturing

 

 

23,633

 

 

 

23,119

 

 

 

49,022

 

 

 

43,031

 

Total

 

$

314,777

 

 

$

301,067

 

 

$

613,460

 

 

$

577,263

 
v3.25.4
Leases (Tables)
 6 Months Ended
Dec. 25, 2025
Leases [Abstract]  
Supplemental information related to operating lease right-of-use assets and liabilities

The following table provides supplemental information related to operating lease right-of-use assets and liabilities:

 

December 25,
2025

 

 

June 26,
2025

 

 

December 26,
2024

 

 

Affected Line Item in Consolidated Balance Sheets

Assets

 

 

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

$

26,941

 

 

$

27,824

 

 

$

29,019

 

 

Operating lease right-of-use assets

Total lease right-of-use assets

$

26,941

 

 

$

27,824

 

 

$

29,019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

 

Operating leases

$

5,110

 

 

$

4,515

 

 

$

4,211

 

 

Other accrued expenses

Noncurrent:

 

 

 

 

 

 

 

 

 

 

Operating leases

 

23,142

 

 

 

24,224

 

 

 

25,754

 

 

Long-term operating lease liabilities

Total lease liabilities

$

28,252

 

 

$

28,739

 

 

$

29,965

 

 

 
Summary of company's total lease costs and other information arising from operating lease transactions

The following tables summarize the Company’s total lease costs and other information arising from operating lease transactions:

 

 

For the Quarter Ended

 

 

For the Twenty-Six Weeks Ended

 

 

December 25,
2025

 

 

December 26,
2024

 

 

December 25,
2025

 

 

December 26,
2024

 

Operating lease costs (a)

 

$

1,968

 

 

$

1,971

 

 

$

3,868

 

 

$

3,713

 

Variable lease costs (b)

 

 

350

 

 

 

134

 

 

 

698

 

 

 

306

 

Total lease cost

 

$

2,318

 

 

$

2,105

 

 

$

4,566

 

 

$

4,019

 

 

(a)
Includes short-term leases, which are immaterial.
(b)
Variable lease costs consist of property taxes, sales tax and insurance.
Summary of Supplemental cash flow and other information related to leases

Supplemental cash flow and other information related to leases was as follows:

 

 

For the Twenty-Six Weeks Ended

 

 

December 25,
2025

 

 

December 26,
2024

 

Operating cash flows information:

 

 

 

 

 

 

Cash paid for amounts included in measurements for lease liabilities

 

$

3,030

 

 

$

2,246

 

 

 

 

 

 

 

 

Non-cash activity:

 

 

 

 

 

 

Right-of-use assets obtained in exchange for new operating lease obligations

 

$

1,594

 

 

$

3,800

 
Summary of other information

 

December 25,
2025

 

 

June 26,
2025

 

 

December 26,
2024

 

Weighted average remaining lease term (in years)

 

 

5.2

 

 

 

5.7

 

 

 

6.1

 

Weighted average discount rate

 

 

6.7

%

 

 

6.7

%

 

 

6.7

%

 

 
Summary of maturities of operating lease liabilities

Maturities of operating lease liabilities as of December 25, 2025 are as follows:

 

Fiscal Year Ending

 

 

 

June 25, 2026 (excluding the twenty-six weeks ended December 25, 2025)

 

$

3,494

 

June 24, 2027

 

 

6,616

 

June 29, 2028

 

 

6,487

 

June 28, 2029

 

 

5,586

 

June 27, 2030

 

 

4,729

 

June 26, 2031

 

 

4,210

 

Thereafter

 

 

2,443

 

Total lease payments

 

 

33,565

 

Less imputed interest

 

 

(5,313

)

Present value of operating lease liabilities

 

$

28,252

 

 

On January 15, 2026, the Company executed a 10 year lease for the remaining warehouse space of approximately 285,000 square feet in Huntley, IL. The original warehouse space was leased starting in fiscal 2024 near our largest facility in Elgin, IL, and the execution of this lease will result in us renting the entire building. The warehouse will be primarily utilized to store finished goods inventory and as a distribution center along with light manufacturing. Since the lease for the remaining space has not yet commenced, approximately $18,146 of additional operating leases are not reflected in the Consolidated Balance Sheet and tables above. The lease for the remaining space is scheduled to commence not later than the first quarter of fiscal 2027.
Summary of operating lease revenue

Leasing revenue is as follows:

 

 

For the Quarter Ended

 

 

For the Twenty-Six Weeks Ended

 

 

December 25,
2025

 

 

December 26,
2024

 

 

December 25,
2025

 

 

December 26,
2024

 

Lease income related to lease payments

 

$

243

 

 

$

478

 

 

$

473

 

 

$

957

 
Undiscounted fixed lease consideration under non-cancelable tenant operating leases

The future minimum, undiscounted fixed cash flows under non-cancelable tenant operating leases for each of the next five years and thereafter are as follows:

 

Fiscal Year Ending

 

 

 

June 25, 2026 (excluding the twenty-six weeks ended December 25, 2025)

 

$

618

 

June 24, 2027

 

 

1,225

 

June 29, 2028

 

 

639

 

June 28, 2029

 

 

560

 

June 27, 2030

 

 

544

 

June 26, 2031

 

 

556

 

Thereafter

 

 

1,887

 

 

$

6,029

 
v3.25.4
Inventories (Tables)
 6 Months Ended
Dec. 25, 2025
Inventory Disclosure [Abstract]  
Components of Inventories

Inventories consist of the following:

 

 

December 25,
2025

 

 

June 26,
2025

 

 

December 26,
2024

 

Raw material and supplies

 

$

89,772

 

 

$

95,350

 

 

$

96,109

 

Work-in-process and finished goods

 

 

145,655

 

 

 

159,250

 

 

 

109,733

 

Total

 

$

235,427

 

 

$

254,600

 

 

$

205,842

 

 
v3.25.4
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Dec. 25, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of Identifiable Intangible Assets

Identifiable intangible assets that are subject to amortization consist of the following:

 

 

December 25,
2025

 

 

June 26,
2025

 

 

December 26,
2024

 

Customer relationships

 

$

21,350

 

 

$

21,350

 

 

$

21,350

 

Brand names

 

 

17,070

 

 

 

17,070

 

 

 

17,070

 

Product formulas

 

 

850

 

 

 

850

 

 

 

850

 

Non-compete agreement

 

 

300

 

 

 

300

 

 

 

300

 

 

 

39,570

 

 

 

39,570

 

 

 

39,570

 

Less accumulated amortization:

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

(21,350

)

 

 

(21,179

)

 

 

(21,004

)

Brand names

 

 

(13,748

)

 

 

(13,388

)

 

 

(13,024

)

Product formulas

 

 

(362

)

 

 

(283

)

 

 

(202

)

Non-compete agreement

 

 

(300

)

 

 

(292

)

 

 

(283

)

 

 

(35,760

)

 

 

(35,142

)

 

 

(34,513

)

Net intangible assets

 

$

3,810

 

 

$

4,428

 

 

$

5,057

 
Summary of Expected Amortization Expense Amortization expense for the remainder of fiscal 2026 is expected to be approximately $424 and expected amortization expense the next five fiscal years is as follows:

 

Fiscal Year Ending

 

 

 

June 24, 2027

 

$

847

 

June 29, 2028

 

 

677

 

June 28, 2029

 

 

496

 

June 27, 2030

 

 

400

 

June 26, 2031

 

 

400

 
Summary of Changes in Carrying Amount of Goodwill The changes in the carrying amount of goodwill since June 27, 2024 are as follows:

 

Gross goodwill balance at June 27, 2024

 

$

20,516

 

Accumulated impairment losses

 

 

(8,766

)

Net goodwill balance at June 27, 2024

 

 

11,750

 

Goodwill acquired during fiscal 2025

 

 

—

 

Net balance at June 26, 2025

 

 

11,750

 

Goodwill acquired during fiscal 2026

 

 

—

 

Net balance at December 25, 2025

 

$

11,750

 
v3.25.4
Earnings Per Common Share (Tables)
 6 Months Ended
Dec. 25, 2025
Earnings Per Share [Abstract]  
Weighted Average Shares Outstanding Used in Computing Basic and Diluted Earnings Per Share

The following table presents the reconciliation of the weighted average shares outstanding used in computing basic and diluted earnings per share:

 

 

For the Quarter Ended

 

 

For the Twenty-Six Weeks Ended

 

 

December 25,
2025

 

 

December 26,
2024

 

 

December 25,
2025

 

 

December 26,
2024

 

Weighted average number of shares outstanding – basic

 

 

11,690,152

 

 

 

11,647,791

 

 

 

11,680,669

 

 

 

11,640,598

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units

 

 

49,274

 

 

 

62,300

 

 

 

62,644

 

 

 

73,129

 

Weighted average number of shares outstanding – diluted

 

 

11,739,426

 

 

 

11,710,091

 

 

 

11,743,313

 

 

 

11,713,727

 
v3.25.4
Stock-Based Compensation Plans (Tables)
 6 Months Ended
Dec. 25, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of RSU Activity

The following is a summary of Restricted Stock Unit (“RSU”) activity for the first twenty-six weeks of fiscal 2026:

 

Restricted Stock Units

 

Shares

 

 

Weighted Average Grant Date Fair Value

 

Outstanding at June 26, 2025

 

 

158,824

 

 

$

72.77

 

Granted

 

 

78,330

 

 

$

59.93

 

Vested (a)

 

 

(51,564

)

 

$

74.49

 

Forfeited

 

 

(6,609

)

 

$

74.60

 

Outstanding at December 25, 2025

 

 

178,981

 

 

$

66.59

 

 

(a)
The number of RSUs vested includes shares that were withheld on behalf of employees to satisfy statutory tax withholding requirements.
Summary of PSU Activity

The following is a summary of Performance Stock Unit (“PSU”) activity for the first twenty-six weeks of fiscal 2026:

 

Performance Stock Units (a)

 

Shares

 

 

Weighted Average Grant Date Fair Value

 

Outstanding at June 26, 2025

 

 

17,299

 

 

$

76.79

 

Granted

 

 

12,499

 

 

$

57.24

 

Vested

 

 

—

 

 

$

—

 

Forfeited

 

 

(503

)

 

$

77.18

 

Outstanding at December 25, 2025

 

 

29,295

 

 

$

68.45

 

 

(a)
The PSUs are presented based on reaching target performance. The PSUs vest approximately three years from the grant date, with the number of shares earned (ranging from 0% to 200% of the target award) depending on the extent to which we achieve certain performance metrics. Based on current expectations and performance against these metrics, we expect 22,054 PSUs to be earned and thus vest at the end of the applicable vesting periods. The final number of shares that will eventually be earned and vest (if any) has not yet been determined as of December 25, 2025.
Summary of Compensation expense charged to earnings for all equity compensation plans

The following table summarizes compensation expense charged to earnings for all equity compensation plans for the periods presented:

 

 

For the Quarter Ended

 

 

For the Twenty-Six Weeks Ended

 

 

December 25,
2025

 

 

December 26,
2024

 

 

December 25,
2025

 

 

December 26,
2024

 

Stock-based compensation expense

 

$

1,470

 

 

$

1,716

 

 

$

2,324

 

 

$

2,651

 
v3.25.4
Retirement Plan (Tables)
 6 Months Ended
Dec. 25, 2025
Retirement Benefits [Abstract]  
Schedule of Net Periodic Pension Cost The components of net periodic benefit cost are as follows:

 

 

For the Quarter Ended

 

 

For the Twenty-Six Weeks Ended

 

 

 

December 25,
2025

 

 

December 26,
2024

 

 

December 25,
2025

 

 

December 26,
2024

 

Service cost

 

$

140

 

 

$

129

 

 

$

281

 

 

$

258

 

Interest cost

 

 

389

 

 

 

361

 

 

 

778

 

 

 

722

 

Net periodic benefit cost

 

$

529

 

 

$

490

 

 

$

1,059

 

 

$

980

 
v3.25.4
Fair Value of Financial Instruments (Tables)
 6 Months Ended
Dec. 25, 2025
Fair Value Disclosures [Abstract]  
Carrying Value and Fair Value Estimate of Current and Long Term Debt

The following table summarizes the carrying value and fair value estimate of our current and long-term debt, excluding unamortized debt issuance costs:

 

 

December 25,
2025

 

 

June 26,
2025

 

 

December 26,
2024

 

Carrying value of current and long-term debt:

 

$

32,145

 

 

$

15,630

 

 

$

6,803

 

Fair value of current and long-term debt:

 

 

31,900

 

 

 

15,329

 

 

 

6,545

 
v3.25.4
Basis of Presentation and Description of Business - Additional Information (Detail)
 6 Months Ended
Dec. 25, 2025
Channel
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Number of distribution channels 3
v3.25.4
Revenue Recognition - Additional Information (Detail) - USD ($)
$ in Thousands
Dec. 25, 2025
Jun. 26, 2025
Dec. 26, 2024
Revenue from Contract with Customer [Abstract]      
Contract assets $ 0 $ 159 $ 611
v3.25.4
Revenue Recognition - Summary of Revenue Disaggregated by Sales Channel (Detail) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 25, 2025
Dec. 26, 2024
Dec. 25, 2025
Dec. 26, 2024
Disaggregation of Revenue [Line Items]        
Total $ 314,777 $ 301,067 $ 613,460 $ 577,263
Consumer [Member]        
Disaggregation of Revenue [Line Items]        
Total 263,159 251,359 505,244 480,743
Commercial Ingredients [Member]        
Disaggregation of Revenue [Line Items]        
Total 27,985 26,589 59,194 53,489
Contract Packaging [Member]        
Disaggregation of Revenue [Line Items]        
Total $ 23,633 $ 23,119 $ 49,022 $ 43,031
v3.25.4
Leases - Additional Information (Detail)
Jan. 15, 2026
Dec. 25, 2025
Operating Leased Assets [Line Items]    
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract 10 years  
Maximum [Member]    
Operating Leased Assets [Line Items]    
Remaining lease term   6 years 10 months 24 days
v3.25.4
Leases - Operating Lease Assets And Liabilities (Detail) - USD ($)
$ in Thousands
Dec. 25, 2025
Jun. 26, 2025
Dec. 26, 2024
Assets      
Operating lease right-of-use assets $ 26,941 $ 27,824 $ 29,019
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Operating lease right-of-use assets Operating lease right-of-use assets Operating lease right-of-use assets
Current      
Operating Lease, Liability, Current $ 5,110 $ 4,515 $ 4,211
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Other Accrued Liabilities, Current Other Accrued Liabilities, Current Other Accrued Liabilities, Current
Noncurrent      
Operating Lease, Liability, Noncurrent $ 23,142 $ 24,224 $ 25,754
Total lease liabilities $ 28,252 $ 28,739 $ 29,965
v3.25.4
Leases - Lease Cost (Detail) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 25, 2025
Dec. 26, 2024
Dec. 25, 2025
Dec. 26, 2024
Leases [Abstract]        
Operating lease costs  [1] $ 1,968 $ 1,971 $ 3,868 $ 3,713
Variable lease costs [2] 350 134 698 306
Total lease cost $ 2,318 $ 2,105 $ 4,566 $ 4,019
[1] Includes short-term leases, which are immaterial.
[2] Variable lease costs consist of property taxes, sales tax and insurance.
v3.25.4
Leases - Operating Leases Cash Flow Related Information (Detail) - USD ($)
$ in Thousands
 6 Months Ended
Dec. 25, 2025
Dec. 26, 2024
Operating cash flows information:    
Cash paid for amounts included in measurements for lease liabilities $ 3,030 $ 2,246
Non-cash activity:    
Right-of-use assets obtained in exchange for new operating lease obligations $ 1,594 $ 3,800
v3.25.4
Leases - Other Information Related to Operating Lease (Detail)
Dec. 25, 2025
Jun. 26, 2025
Dec. 26, 2024
Leases [Abstract]      
Weighted average remaining lease term (in years) 5 years 2 months 12 days 5 years 8 months 12 days 6 years 1 month 6 days
Weighted average discount rate 6.70% 6.70% 6.70%
v3.25.4
Leases - Lessee Operating Lease Liability Maturity (Detail) - USD ($)
$ in Thousands
Dec. 25, 2025
Jun. 26, 2025
Dec. 26, 2024
Leases [Abstract]      
June 25, 2026 (excluding the twenty-six weeks ended December 25, 2025) $ 3,494    
June 24, 2027 6,616    
June 29, 2028 6,487    
June 28, 2029 5,586    
June 27, 2030 4,729    
June 26, 2031 4,210    
Thereafter 2,443    
Total lease payments 33,565    
Less imputed interest (5,313)    
Present value of operating lease liabilities $ 28,252 $ 28,739 $ 29,965
v3.25.4
Leases - Maturities of Operating Lease Liabilities (Parenthetical) (Details)
$ in Thousands
Jan. 15, 2026
USD ($)
ft²
Unrecorded Unconditional Purchase Obligation [Line Items]  
Lessee leases not yet commenced | $ $ 18,146
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract 10 years
Warehouse [Member]  
Unrecorded Unconditional Purchase Obligation [Line Items]  
Area Of Lease | ft² 285,000
v3.25.4
Leases - Operating Lease Revenue (Detail) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 25, 2025
Dec. 26, 2024
Dec. 25, 2025
Dec. 26, 2024
Leases [Abstract]        
Lease income related to lease payments $ 243 $ 478 $ 473 $ 957
v3.25.4
Leases - Lessor Operating Lease Payments To Be Received Maturity (Detail)
$ in Thousands
Dec. 25, 2025
USD ($)
Leases [Abstract]  
June 25, 2026 (excluding the twenty-six weeks ended December 25, 2025) $ 618
June 24, 2027 1,225
June 29, 2028 639
June 28, 2029 560
June 27, 2030 544
June 26, 2031 556
Thereafter 1,887
Total $ 6,029
v3.25.4
Inventories - Components of Inventories (Detail) - USD ($)
$ in Thousands
Dec. 25, 2025
Jun. 26, 2025
Dec. 26, 2024
Inventory Disclosure [Abstract]      
Raw material and supplies $ 89,772 $ 95,350 $ 96,109
Work-in-process and finished goods 145,655 159,250 109,733
Total $ 235,427 $ 254,600 $ 205,842
v3.25.4
Goodwill and Intangible Assets - Additional Information (Detail) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 25, 2025
Dec. 25, 2025
Jun. 26, 2025
Dec. 26, 2024
Jun. 27, 2024
Goodwill and Intangible Assets [Line Items]          
Amortization expense for remainder of fiscal 2023 $ 424 $ 424      
Goodwill related to acquisition 11,750 11,750 $ 11,750 $ 11,750 $ 11,750
Administrative Expenses [Member]          
Goodwill and Intangible Assets [Line Items]          
Amortization of intangible assets 306 618      
Squirrel Brand [Member]          
Goodwill and Intangible Assets [Line Items]          
Goodwill related to acquisition 9,650 9,650      
Just The Cheese Brand Acquisition [Member]          
Goodwill and Intangible Assets [Line Items]          
Goodwill related to acquisition $ 2,100 $ 2,100      
v3.25.4
Goodwill and Intangible Assets - Components of Identifiable Intangible Assets (Detail) - USD ($)
$ in Thousands
Dec. 25, 2025
Jun. 26, 2025
Dec. 26, 2024
Finite-Lived Intangible Assets [Line Items]      
Total intangible assets, gross $ 39,570 $ 39,570 $ 39,570
Less accumulated amortization:      
Total accumulated amortization (35,760) (35,142) (34,513)
Net intangible assets 3,810 4,428 5,057
Customer Relationships [Member]      
Finite-Lived Intangible Assets [Line Items]      
Total intangible assets, gross 21,350 21,350 21,350
Less accumulated amortization:      
Total accumulated amortization (21,350) (21,179) (21,004)
Brand Names [Member]      
Finite-Lived Intangible Assets [Line Items]      
Total intangible assets, gross 17,070 17,070 17,070
Less accumulated amortization:      
Total accumulated amortization (13,748) (13,388) (13,024)
Product Formulas [Member]      
Finite-Lived Intangible Assets [Line Items]      
Total intangible assets, gross 850 850 850
Less accumulated amortization:      
Total accumulated amortization (362) (283) (202)
Non-compete Agreement [Member]      
Finite-Lived Intangible Assets [Line Items]      
Total intangible assets, gross 300 300 300
Less accumulated amortization:      
Total accumulated amortization $ (300) $ (292) $ (283)
v3.25.4
Goodwill and Intangible Assets - Summary of Expected Amortization Expense (Detail)
$ in Thousands
Dec. 25, 2025
USD ($)
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]  
June 24, 2027 $ 847
June 29, 2028 677
June 28, 2029 496
June 27, 2030 400
June 26, 2031 $ 400
v3.25.4
Goodwill and Intangible Assets - Summary of Changes in Carrying Amount of Goodwill (Detail) - USD ($)
$ in Thousands
 6 Months Ended 12 Months Ended
Jun. 27, 2024
Dec. 25, 2025
Jun. 26, 2025
Goodwill and Intangible Assets Disclosure [Abstract]      
Gross goodwill balance at June 27, 2024 $ 20,516    
Accumulated impairment losses (8,766)    
Beginning, Net balance   $ 11,750 $ 11,750
Goodwill acquired during the period   0 0
Ending, Net balance $ 11,750 $ 11,750 $ 11,750
v3.25.4
Credit Facility - Additional Information (Detail) - Senior Secured Revolving Credit Facility [Member] - USD ($)
$ in Thousands
Dec. 25, 2025
Jun. 16, 2025
Debt Instrument [Line Items]    
Revolving loan commitment and letter of credit sub facility   $ 150,000
Available credit under the Credit Facility $ 134,745  
Outstanding letters of credit 5,255  
Revolving credit facility borrowings $ 10,000  
v3.25.4
Equipment Loan - Additional Information (Detail) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 16, 2025
Dec. 25, 2025
Dec. 26, 2024
Dec. 25, 2025
Dec. 26, 2024
Jun. 26, 2025
Debt Disclosure [Line Items]            
Purchases of property, plant and equipment       $ (47,323) $ (25,548)  
Equipment Loan            
Debt Disclosure [Line Items]            
Amounts of term loans $ 50,000          
Debt obligation outstanding   $ 26,176   26,176   $ 9,265
Interest costs capitalized   $ 372 $ 0 $ 716 $ 0  
Bank loan monthly equal payments       sixty equal monthly payments    
Variable interest rate 1.49%     1.60%    
Debt instrument prepayment description       The Equipment Loan contains a graded prepayment penalty if the loan is paid off within 36 months of commencement. The Company will make monthly interest-only payments of SOFR plus an applicable margin of 1.60% prior to the delivery and acceptance of the equipment and distribution of the final loan proceeds, which will be capitalized as part of the equipment acquisition cost.As of December 25, 2025 and June 26, 2025 there was $26,176 and $9,265, respectively, of the debt obligation under the Equipment Loan outstanding. The interest costs incurred directly attributable to the Equipment Loan were capitalized. Interest capitalized was $372 and $716 for the quarter and twenty-six weeks ended December 25, 2025, respectively. No interest was capitalized for the quarter and twenty-six weeks ended December 26, 2024 because no significant project required such capitalization.    
v3.25.4
Earnings Per Common Share - Weighted Average Shares Outstanding Used in Computing Basic and Diluted Earnings Per Share (Detail) - shares
 3 Months Ended 6 Months Ended
Dec. 25, 2025
Dec. 26, 2024
Dec. 25, 2025
Dec. 26, 2024
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]        
Weighted average number of shares outstanding - basic 11,690,152 11,647,791 11,680,669 11,640,598
Effect of dilutive securities:        
Restricted stock units 49,274 62,300 62,644 73,129
Weighted average number of shares outstanding – diluted 11,739,426 11,710,091 11,743,313 11,713,727
v3.25.4
Earnings Per Common Share - Additional Information (Detail) - shares
 6 Months Ended
Dec. 25, 2025
Dec. 26, 2024
Earnings Per Share [Abstract]    
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 0 0
v3.25.4
Stock-Based Compensation Plans - Additional Information (Detail) - USD ($)
$ in Thousands
 6 Months Ended
Dec. 25, 2025
Dec. 26, 2024
Jun. 26, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Expected weighted average recognize period of unrecognized compensation cost related to non-vested share-based compensation 1 year 9 months 18 days    
Restricted stock units vested 22,054    
Stock-based compensation expense $ 2,324 $ 2,651  
Restricted Stock Units (RSUs) [Member]      
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Unrecognized compensation expense related to non-vested share-based compensation $ 6,685    
Restricted stock units vested 30,354    
Restricted stock units vested 178,981   158,824
Performance Stock Units (PSUs) [Member]      
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Unrecognized compensation expense related to non-vested share-based compensation $ 6,685    
Restricted stock units vested [1] 29,295   17,299
[1] The PSUs are presented based on reaching target performance. The PSUs vest approximately three years from the grant date, with the number of shares earned (ranging from 0% to 200% of the target award) depending on the extent to which we achieve certain performance metrics. Based on current expectations and performance against these metrics, we expect 22,054 PSUs to be earned and thus vest at the end of the applicable vesting periods. The final number of shares that will eventually be earned and vest (if any) has not yet been determined as of December 25, 2025.
v3.25.4
Stock-Based Compensation Plans - Summary of RSU and PSU Activity (Detail)
 6 Months Ended
Dec. 25, 2025
$ / shares
shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Outstanding ending balance, Shares 22,054
Restricted Stock Units (RSUs) [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Outstanding beginning balance, Shares 158,824
Granted, Shares 78,330
Vested, Shares (51,564) [1]
Forfeited, Shares (6,609)
Outstanding ending balance, Shares 178,981
Weighted-Average Grant-Date Fair Value, Beginning Balance | $ / shares $ 72.77
Granted, Weighted-Average Grant-Date Fair Value | $ / shares 59.93
Vested, Weighted-Average Grant-Date Fair Value | $ / shares 74.49 [1]
Forfeited, Weighted-Average Grant-Date Fair Value | $ / shares 74.6
Weighted-Average Grant-Date Fair Value, Ending Balance | $ / shares $ 66.59
Performance Stock Units (PSUs) [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Outstanding beginning balance, Shares 17,299 [2]
Granted, Shares 12,499 [2]
Vested, Shares 0 [2]
Forfeited, Shares (503) [2]
Outstanding ending balance, Shares 29,295 [2]
Weighted-Average Grant-Date Fair Value, Beginning Balance | $ / shares $ 76.79 [2]
Granted, Weighted-Average Grant-Date Fair Value | $ / shares 57.24 [2]
Vested, Weighted-Average Grant-Date Fair Value | $ / shares 0 [2]
Forfeited, Weighted-Average Grant-Date Fair Value | $ / shares 77.18 [2]
Weighted-Average Grant-Date Fair Value, Ending Balance | $ / shares $ 68.45 [2]
[1] The number of RSUs vested includes shares that were withheld on behalf of employees to satisfy statutory tax withholding requirements.
[2] The PSUs are presented based on reaching target performance. The PSUs vest approximately three years from the grant date, with the number of shares earned (ranging from 0% to 200% of the target award) depending on the extent to which we achieve certain performance metrics. Based on current expectations and performance against these metrics, we expect 22,054 PSUs to be earned and thus vest at the end of the applicable vesting periods. The final number of shares that will eventually be earned and vest (if any) has not yet been determined as of December 25, 2025.
v3.25.4
Stock-Based Compensation Plans - Additional Information (Parenthetical) (Details)
Dec. 25, 2025
shares
Share-Based Payment Arrangement [Abstract]  
Vest at the end of vesting periods 22,054
v3.25.4
Stock-Based Compensation Plans - Summary of Compensation Expenses (Detail) - USD ($)
 3 Months Ended 6 Months Ended
Dec. 25, 2025
Dec. 26, 2024
Dec. 25, 2025
Dec. 26, 2024
Share-Based Payment Arrangement [Abstract]        
Stock-based compensation expense $ 1,470 $ 1,716 $ 2,324 $ 2,651
v3.25.4
Retirement Plan - Schedule of Net Periodic Benefit Cost (Detail) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 25, 2025
Dec. 26, 2024
Dec. 25, 2025
Dec. 26, 2024
Retirement Benefits [Abstract]        
Service cost $ 140 $ 129 $ 281 $ 258
Interest cost 389 361 778 722
Net periodic benefit cost $ 529 $ 490 $ 1,059 $ 980
v3.25.4
Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss (Detail) - USD ($)
$ in Thousands
Dec. 25, 2025
Jun. 26, 2025
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Balance at beginning of period $ 564 $ 1,044
Balance at end of period $ 564 $ 564
v3.25.4
Fair Value of Financial Instruments - Carrying Value and Fair Value Estimate of Current and Long-Term Debt (Details) - USD ($)
$ in Thousands
Dec. 25, 2025
Jun. 26, 2025
Dec. 26, 2024
Fair Value Disclosures [Abstract]      
Carrying value of current and long-term debt: $ 32,145 $ 15,630 $ 6,803
Fair value of current and long-term debt: $ 31,900 $ 15,329 $ 6,545
v3.25.4
Segment Reporting (Additional Information) (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 25, 2025
Dec. 26, 2024
Dec. 25, 2025
Dec. 26, 2024
Segment Reporting [Abstract]        
Depreciation expense $ 6,717 $ 6,224 $ 13,559 $ 12,388