John B. Sanfilippo & Son (JBSS) 10-Q 29 Jan 25 2025 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Dec. 26, 2024	Jan. 23, 2025
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 26, 2024
Document Fiscal Year Focus	2024
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		9,040,641
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,597,426

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 26, 2024	Dec. 28, 2023	Dec. 26, 2024	Dec. 28, 2023
Statement of Comprehensive Income [Abstract]
Net sales	$ 301,067	$ 291,222	$ 577,263	$ 525,327
Cost of sales	248,816	233,283	478,468	410,366
Gross profit	52,251	57,939	98,795	114,961
Operating expenses:
Selling expenses	22,620	21,001	42,459	42,993
Administrative expenses	10,262	11,563	19,960	22,016
Bargain purchase gain, net	0	(2,226)	0	(2,226)
Total operating expenses	32,882	30,338	62,419	62,783
Income from operations	19,369	27,601	36,376	52,178
Other expense:
Interest expense including $159, $175, $322 and $353 to related parties, respectively	772	1,055	1,288	1,282
Rental and miscellaneous expense, net	347	260	758	616
Pension expense (excluding service costs)	361	350	722	700
Total other expense, net	1,480	1,665	2,768	2,598
Income before income taxes	17,889	25,936	33,608	49,580
Income tax expense	4,294	6,765	8,354	12,821
Net income and comprehensive income	$ 13,595	$ 19,171	$ 25,254	$ 36,759
Net income per common share - basic	$ 1.17	$ 1.65	$ 2.17	$ 3.17
Net income per common share - diluted	$ 1.16	$ 1.64	$ 2.16	$ 3.15

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 26, 2024	Dec. 28, 2023	Dec. 26, 2024	Dec. 28, 2023
Related Party [Member]
Interest Expense	$ 159	$ 175	$ 322	$ 353

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 26, 2024	Jun. 27, 2024	Dec. 28, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 336	$ 484	$ 1,975
Accounts receivable, less allowance for doubtful accounts of $356, $318 and $370, respectively	81,200	84,960	77,416
Inventories	205,842	196,563	197,335
Prepaid expenses and other current assets	19,320	12,078	13,040
TOTAL CURRENT ASSETS	306,698	294,085	289,766
PROPERTY, PLANT AND EQUIPMENT:
Land	13,365	13,365	13,365
Buildings	116,684	115,517	114,708
Machinery and equipment	301,855	295,599	286,317
Furniture and leasehold improvements	5,482	5,423	5,310
Vehicles	1,134	912	790
Construction in progress	19,366	7,569	3,960
Property, plant and equipment gross	457,886	438,385	424,450
Less: Accumulated depreciation	297,231	287,168	276,987
Property, plant and equipment net	160,655	151,217	147,463
Rental investment property, less accumulated depreciation of $15,649, $15,246 and $14,843, respectively	13,474	13,877	14,280
TOTAL PROPERTY, PLANT AND EQUIPMENT	174,129	165,094	161,743
OTHER LONG TERM ASSETS:
Intangible assets, net	5,057	5,822	6,584
Deferred income taxes	3,900	3,130	562
Goodwill	11,750	11,750	11,750
Operating lease right-of-use assets	29,019	27,404	6,867
Other assets	14,700	8,290	7,187
TOTAL ASSETS	545,253	515,575	484,459
CURRENT LIABILITIES:
Revolving credit facility borrowings	49,753	20,420	32,052
Current maturities of related party long-term debt, net	834	737	704
Accounts payable	64,585	53,436	62,955
Bank overdraft	1,953	545	1,500
Accrued payroll and related benefits	14,690	35,601	17,479
Other accrued expenses	18,247	15,201	13,601
TOTAL CURRENT LIABILITIES	150,062	125,940	128,291
LONG-TERM LIABILITIES:
Long-term related party debt, less current maturities, net	5,969	6,365	6,742
Retirement plan	26,773	26,154	27,338
Long-term operating lease liabilities, net of current portion	25,754	24,877	5,141
Long-term workers' compensation liabilities	7,857	7,673	7,291
Other	3,207	1,953	2,419
TOTAL LONG-TERM LIABILITIES	69,560	67,022	48,931
TOTAL LIABILITIES	219,622	192,962	177,222
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Capital in excess of par value	137,858	135,691	133,432
Retained earnings	187,815	186,965	175,096
Accumulated other comprehensive loss	1,044	1,044	(204)
Treasury stock, at cost; 117,900 shares of Common Stock	(1,204)	(1,204)	(1,204)
TOTAL STOCKHOLDERS' EQUITY	325,631	322,613	307,237
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	545,253	515,575	484,459
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	$ 91	$ 91

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 26, 2024	Jun. 27, 2024	Dec. 28, 2023
Allowance for doubtful accounts for accounts receivable, current	$ 356	$ 318	$ 370
Accumulated depreciation of rental investment property	$ 15,649	$ 15,246	$ 14,843
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	9,158,541	9,123,938	9,120,560

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Class A Common Stock
Balance at Jun. 29, 2023	$ 292,207	$ 91	$ 131,986	$ 161,512	$ (204)	$ (1,204)	$ 26
Balance, Shares at Jun. 29, 2023		9,076,326					2,597,426
Net income and comprehensive income	17,588			17,588
Cash dividends	(23,175)			(23,175)
Equity award exercises, Share		14,605
Stock-based compensation expense	747		747
Balance at Sep. 28, 2023	287,367	$ 91	132,733	155,925	(204)	(1,204)	$ 26
Balance, Shares at Sep. 28, 2023		9,090,931					2,597,426
Balance at Jun. 29, 2023	292,207	$ 91	131,986	161,512	(204)	(1,204)	$ 26
Balance, Shares at Jun. 29, 2023		9,076,326					2,597,426
Net income and comprehensive income	36,759
Balance at Dec. 28, 2023	307,237	$ 91	133,432	175,096	(204)	(1,204)	$ 26
Balance, Shares at Dec. 28, 2023		9,120,560					2,597,426
Balance at Sep. 28, 2023	287,367	$ 91	132,733	155,925	(204)	(1,204)	$ 26
Balance, Shares at Sep. 28, 2023		9,090,931					2,597,426
Net income and comprehensive income	19,171			19,171
Equity award exercises, Share		29,629
Equity award exercises	(684)		(684)
Stock-based compensation expense	1,383		1,383
Balance at Dec. 28, 2023	307,237	$ 91	133,432	175,096	(204)	(1,204)	$ 26
Balance, Shares at Dec. 28, 2023		9,120,560					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 and comprehensive 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 and comprehensive 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 and comprehensive 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

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Sep. 26, 2024	Sep. 28, 2023
Statement of Stockholders' Equity [Abstract]
Cash dividends per common share	$ 2.1	$ 2

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Dec. 26, 2024	Dec. 28, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 25,254	$ 36,759
Depreciation and amortization	13,153	11,715
Amortization of operating lease right-of-use assets	2,185	877
Loss on disposition of assets, net	671	140
Deferred income tax (benefit) expense	(770)	2,280
Stock-based compensation expense	2,651	2,130
Bargain purchase gain, net	0	(2,226)
Change in assets and liabilities, net of Acquisition:
Accounts receivable, net	3,798	(4,542)
Inventories	(9,279)	11,101
Prepaid expenses and other current assets	(3,683)	(2,942)
Accounts payable	9,039	20,557
Accrued expenses	(18,628)	(10,310)
Income taxes receivable	(3,559)	(4,180)
Other long-term assets and liabilities	(1,755)	(512)
Other, net	839	325
Net cash provided by operating activities	19,916	61,172
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(25,548)	(10,882)
Business acquisitions, net	0	(58,974)
Other, net	(70)	(53)
Net cash used in investing activities	(25,618)	(69,909)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net short-term borrowings	29,333	32,052
Debt issue costs	0	(316)
Principal payments on long-term debt	(299)	(328)
Increase in bank overdraft	1,408	1,215
Dividends paid	(24,404)	(23,175)
Taxes paid related to net share settlement of equity awards	(484)	(684)
Net cash provided by financing activities	5,554	8,764
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(148)	27
Cash and cash equivalents, beginning of period	484	1,948
Cash, end of period	$ 336	$ 1,975

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 26, 2024	Sep. 26, 2024	Dec. 28, 2023	Sep. 28, 2023	Dec. 26, 2024	Dec. 28, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 13,595	$ 11,659	$ 19,171	$ 17,588	$ 25,254	$ 36,759

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 26, 2024
Trading Arrangements, by Individual
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

Basis of Presentation and Descr

Basis of Presentation and Description of Business	6 Months Ended
	Dec. 26, 2024
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 2025 and fiscal 2024 are to the fiscal year ending June 26, 2025 and the fiscal year ended June 27, 2024, respectively. • References herein to the second quarter of fiscal 2025 and fiscal 2024 are to the quarters ended December 26, 2024 and December 28, 2023, respectively. • References herein to the first half or first twenty-six weeks of fiscal 2025 and fiscal 2024 are to the twenty-six weeks ended December 26, 2024 and December 28, 2023, respectively. We are one of the leading processors and distributors of peanuts, pecans, cashews, walnuts, almonds and other nuts in the United States. These nuts are sold under our Fisher, Orchard Valley Harvest, Squirrel Brand and Southern Style Nuts b rand names and under a variety of private brands. We also offer our private brand customers a complete portfolio of snack and nutrition bars. We market and distribute, and in most cases, manufacture or process, a diverse product line of food and snack products, including nutrition bars, snack bars, peanut butter, almond butter, cashew butter, candy and confections, snack and trail mixes, sunflower kernels, dried fruit, corn snacks, sesame sticks, other sesame snack products and baked cheese snack products under our brand names, including Just the Cheese , and under private brands. Our products are sold through three primary 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 27, 2024 was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America (“GAAP”). 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 2024 Annual Report on Form 10-K for the fiscal year ended June 27, 2024 .

Revenue Recognition

Revenue Recognition	6 Months Ended
	Dec. 26, 2024
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 snack and nutrition 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 balance at December 26, 2024 was $ 611 and is recorded in the caption “Prepaid expenses and other current assets” on the Consolidated Balance Sheets. There was no contract asset balance for the other periods presented. The Co mpany 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 26, December 28, December 26, December 28, Consumer $ 251,359 $ 241,362 $ 480,743 $ 425,696 Commercial Ingredients 26,589 27,712 53,489 55,847 Contract Manufacturing 23,119 22,148 43,031 43,784 Total $ 301,067 $ 291,222 $ 577,263 $ 525,327

Leases

Leases	6 Months Ended
	Dec. 26, 2024
Leases [Abstract]
Leases	Note 3 – Leases Description of Leases We lease warehouse space, equipment used in the transportation of goods in our warehouses and a limited number of automobiles and trailers. Our leases generally do not contain any explicit guarantees of residual value and, with the exception of 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 7.1 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 26, June 27, December 28, Affected Line Item in Consolidated Balance Sheets Assets Operating lease right-of-use assets $ 29,019 $ 27,404 $ 6,867 Operating lease right-of-use assets Total lease right-of-use assets $ 29,019 $ 27,404 $ 6,867 Liabilities Current: Operating leases $ 4,211 $ 2,623 $ 1,751 Other accrued expenses Noncurrent: Operating leases 25,754 24,877 5,141 Long-term operating lease liabilities Total lease liabilities $ 29,965 $ 27,500 $ 6,892 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 26, December 28, December 26, December 28, Operating lease costs (a) $ 1,971 $ 719 $ 3,713 $ 1,389 Variable lease costs (b) 134 33 306 ( 141 ) Total lease cost $ 2,105 $ 752 $ 4,019 $ 1,248 (a) Includes short-term leases which are immaterial. (b) Variable lease costs consist of property taxes, sales tax, insurance and lease overtime charges. Supplemental cash flow and other information related to leases was as follows: For the Twenty-Six Weeks Ended December 26, December 28, Operating cash flows information: Cash paid for amounts included in measurements for lease liabilities $ 2,246 $ 1,210 Non-cash activity: Right-of-use assets obtained in exchange for new operating lease obligations $ 3,800 $ 1,320 December 26, June 27, December 28, Weighted average remaining lease term (in years) 6.1 6.6 4.2 Weighted average discount rate 6.7 % 6.8 % 6.9 % Maturities of operating lease liabilities as of December 26, 2024 are as follows: Fiscal Year Ending June 26, 2025 (excluding the twenty-six weeks ended December 26, 2024) $ 3,201 June 25, 2026 5,981 June 24, 2027 6,075 June 29, 2028 5,935 June 28, 2029 5,029 June 27, 2030 4,073 Thereafter 6,414 Total lease payments 36,708 Less imputed interest ( 6,743 ) Present value of operating lease liabilities $ 29,965 At December 26, 2024, the Company has additional operating leases of approximately $ 472 that have not yet commenced and therefore are not reflected in the Consolidated Balance Sheet and tables above. The leases are scheduled to commence in the third quarter of fiscal 2025 with initial lease terms ranging from 1 to 6 years. 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 and 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 26, December 28, December 26, December 28, Lease income related to lease payments $ 478 $ 533 $ 957 $ 977 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 26, 2025 (excluding the twenty-six weeks ended December 26, 2024) $ 497 June 25, 2026 1,071 June 24, 2027 1,055 June 29, 2028 391 June 28, 2029 336 June 27, 2030 343 Thereafter 1,135 $ 4,828

Inventories

Inventories	6 Months Ended
	Dec. 26, 2024
Inventory Disclosure [Abstract]
Inventories	Note 4 – Inventories Inventories consist of the following: December 26, June 27, December 28, Raw material and supplies $ 96,109 $ 85,300 $ 81,564 Work-in-process and finished goods 109,733 111,263 115,771 Total $ 205,842 $ 196,563 $ 197,335

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Dec. 26, 2024
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 26, June 27, December 28, 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 ( 21,004 ) ( 20,680 ) ( 20,356 ) Brand names ( 13,024 ) ( 12,668 ) ( 12,314 ) Product formulas ( 202 ) ( 121 ) ( 40 ) Non-compete agreement ( 283 ) ( 279 ) ( 276 ) ( 34,513 ) ( 33,748 ) ( 32,986 ) Net intangible assets $ 5,057 $ 5,822 $ 6,584 Customer relationships are being amortized on an accelerated basis. The brand names remaining to be amortized consist of the Squirrel Brand, Southern Style Nuts and Just the Cheese brand names. Product formulas relate to the acquisition of certain snack bar assets completed in fiscal 2024. Total amortization expense related to intangible assets, which is classified in “administrative expenses” in the Consolidated Statement of Comprehensive Income, was $ 384 and $ 765 for the quarter and twenty-six weeks ended December 26, 2024, respectively. Amortization expense for the remainder of fiscal 2025 is expected to be approximately $ 629 and expected amortization expense the next five fiscal years is as follows: Fiscal Year Ending June 25, 2026 $ 1,042 June 24, 2027 847 June 29, 2028 677 June 28, 2029 496 June 27, 2030 400 Our net goodwill at December 26, 2024 was comprised of $ 9,650 from the Squirrel Brand acquisition completed in fiscal 2018 and $ 2,100 from the Just the Cheese brand acquisition completed in fiscal 2023. The changes in the carrying amount of goodwill since June 29, 2023 are as follows: Gross goodwill balance at June 29, 2023 $ 20,516 Accumulated impairment losses ( 8,766 ) Net goodwill balance at June 29, 2023 11,750 Goodwill acquired during fiscal 2024 — Net balance at June 27, 2024 11,750 Goodwill acquired during fiscal 2025 — Net balance at December 26, 2024 $ 11,750

Credit Facility

Credit Facility	6 Months Ended
	Dec. 26, 2024
Debt Disclosure [Abstract]
Credit Facility	Note 6 – Credit Facility Our Amended and Restated Credit Agreement dated March 5, 2020 provides for a $ 117,500 senior secured revolving credit facility (the “Credit Facility”). The Credit Facility is secured by our accounts receivable and inventory. On September 29, 2023, we entered into the Second Amendment to our Amended and Restated Credit Agreement which, among other things, increased the amount available to borrow under the Credit Facility to $ 150,000 , extended the maturity date to September 29, 2028 and allows t he Company to pay up to $ 100,000 in dividends per year, subject to meeting availability tests . At December 26, 2024, we had $ 95,562 of available credit under the Credit Facility which reflects borrowings of $ 49,753 and reduced availability as a result of $ 4,685 in outstanding letters of credit. As of December 26, 2024 , we were in compliance with all financial covenants under the Credit Facility.

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Dec. 26, 2024
Earnings Per Share [Abstract]
Earnings Per Common Share	Note 7 – 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 26, December 28, December 26, December 28, Weighted average number of shares outstanding – basic 11,647,791 11,611,409 11,640,598 11,603,185 Effect of dilutive securities: Restricted stock units 62,300 56,146 73,129 67,964 Weighted average number of shares outstanding – diluted 11,710,091 11,667,555 11,713,727 11,671,149 There were no anti-dilutive awards excluded from the computation of diluted earnings per share for any periods presented.

Stock-Based Compensation Plans

Stock-Based Compensation Plans	6 Months Ended
	Dec. 26, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation Plans	Note 8 – Stock-Based Compensation Plans The following is a summary of Restricted Stock Unit (“ RSU”) activity for the first twenty-six weeks of fiscal 2025: Restricted Stock Units Shares Weighted Average Grant Date Fair Value Outstanding at June 27, 2024 147,443 $ 73.09 Granted 63,414 $ 75.03 Vested (a) ( 40,216 ) $ 77.20 Forfeited ( 598 ) $ 76.10 Outstanding at December 26, 2024 170,043 $ 72.83 (a) The number of RSUs vested includes shares that were withheld on behalf of employees to satisfy statutory tax withholding requirements. At December 26, 2024, there were 31,495 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 2025: Performance Stock Units (a) Shares Weighted Average Grant Date Fair Value Outstanding at June 27, 2024 8,031 $ 82.99 Granted 10,481 $ 72.08 Vested — $ — Forfeited — $ — Outstanding at December 26, 2024 18,512 $ 76.81 (a) The PSUs are presented based on reaching target performance. The PSUs vest approximately 33 months 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 24,533 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 26, 2024 . 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 26, December 28, December 26, December 28, Stock-based compensation expense $ 1,716 $ 1,383 $ 2,651 $ 2,130 As of December 26, 2024, there was $ 7,819 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 1.7 years.

Retirement Plan

Retirement Plan	6 Months Ended
	Dec. 26, 2024
Retirement Benefits [Abstract]
Retirement Plan	Note 9 – 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 26, December 28, December 26, December 28, Service cost $ 129 $ 63 $ 258 $ 126 Interest cost 361 350 722 700 Net periodic benefit cost $ 490 $ 413 $ 980 $ 826 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.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	6 Months Ended
	Dec. 26, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Note 10 – 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, which 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.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Dec. 26, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 11 – 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: December 26, June 27, December 28, Carrying value of current and long-term debt: $ 6,803 $ 7,102 $ 7,446 Fair value of current and long-term debt: 6,545 6,496 6,654 The estimated fair value of our 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.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Dec. 26, 2024
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 12 – Recent Accounting Pronouncements The following recent accounting pronouncements have not yet been adopted: In November 2023, the FASB issued ASU 2023-07 “ Segment Reporting (Topic 280) ”. The amendments in this update modify the disclosure requirements by expanding the disclosures required for reportable segments in annual and interim consolidated financial statements, primarily through enhanced disclosures about significant segment expenses. In addition, the amendments require that any entity that has a single reportable segment provide all the disclosures required either in this update or already existing in Topic 280. The amendments are effective for public entities for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments will be applied retrospectively to all prior periods presented in the financial statements. We are currently evaluating the impact of this 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 year s beginning after December 15, 2027. Early adoption is permitted. We are currently evaluating the impact of this update on our related disclosures.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Dec. 26, 2024
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 26, December 28, December 26, December 28, Consumer $ 251,359 $ 241,362 $ 480,743 $ 425,696 Commercial Ingredients 26,589 27,712 53,489 55,847 Contract Manufacturing 23,119 22,148 43,031 43,784 Total $ 301,067 $ 291,222 $ 577,263 $ 525,327

Leases (Tables)

Leases (Tables)	6 Months Ended
	Dec. 26, 2024
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 26, June 27, December 28, Affected Line Item in Consolidated Balance Sheets Assets Operating lease right-of-use assets $ 29,019 $ 27,404 $ 6,867 Operating lease right-of-use assets Total lease right-of-use assets $ 29,019 $ 27,404 $ 6,867 Liabilities Current: Operating leases $ 4,211 $ 2,623 $ 1,751 Other accrued expenses Noncurrent: Operating leases 25,754 24,877 5,141 Long-term operating lease liabilities Total lease liabilities $ 29,965 $ 27,500 $ 6,892
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 26, December 28, December 26, December 28, Operating lease costs (a) $ 1,971 $ 719 $ 3,713 $ 1,389 Variable lease costs (b) 134 33 306 ( 141 ) Total lease cost $ 2,105 $ 752 $ 4,019 $ 1,248 (a) Includes short-term leases which are immaterial. (b) Variable lease costs consist of property taxes, sales tax, insurance and lease overtime charges.
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 26, December 28, Operating cash flows information: Cash paid for amounts included in measurements for lease liabilities $ 2,246 $ 1,210 Non-cash activity: Right-of-use assets obtained in exchange for new operating lease obligations $ 3,800 $ 1,320
Summary of other information	December 26, June 27, December 28, Weighted average remaining lease term (in years) 6.1 6.6 4.2 Weighted average discount rate 6.7 % 6.8 % 6.9 %
Summary of maturities of operating lease liabilities	Maturities of operating lease liabilities as of December 26, 2024 are as follows: Fiscal Year Ending June 26, 2025 (excluding the twenty-six weeks ended December 26, 2024) $ 3,201 June 25, 2026 5,981 June 24, 2027 6,075 June 29, 2028 5,935 June 28, 2029 5,029 June 27, 2030 4,073 Thereafter 6,414 Total lease payments 36,708 Less imputed interest ( 6,743 ) Present value of operating lease liabilities $ 29,965
Summary of operating lease revenue	Leasing revenue is as follows: For the Quarter Ended For the Twenty-Six Weeks Ended December 26, December 28, December 26, December 28, Lease income related to lease payments $ 478 $ 533 $ 957 $ 977
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 26, 2025 (excluding the twenty-six weeks ended December 26, 2024) $ 497 June 25, 2026 1,071 June 24, 2027 1,055 June 29, 2028 391 June 28, 2029 336 June 27, 2030 343 Thereafter 1,135 $ 4,828

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Dec. 26, 2024
Inventory Disclosure [Abstract]
Components of Inventories	Inventories consist of the following: December 26, June 27, December 28, Raw material and supplies $ 96,109 $ 85,300 $ 81,564 Work-in-process and finished goods 109,733 111,263 115,771 Total $ 205,842 $ 196,563 $ 197,335

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Dec. 26, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Components of Identifiable Intangible Assets	Identifiable intangible assets that are subject to amortization consist of the following: December 26, June 27, December 28, 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 ( 21,004 ) ( 20,680 ) ( 20,356 ) Brand names ( 13,024 ) ( 12,668 ) ( 12,314 ) Product formulas ( 202 ) ( 121 ) ( 40 ) Non-compete agreement ( 283 ) ( 279 ) ( 276 ) ( 34,513 ) ( 33,748 ) ( 32,986 ) Net intangible assets $ 5,057 $ 5,822 $ 6,584
Summary of Expected Amortization Expense	expected amortization expense the next five fiscal years is as follows: Fiscal Year Ending June 25, 2026 $ 1,042 June 24, 2027 847 June 29, 2028 677 June 28, 2029 496 June 27, 2030 400
Summary of Changes in Carrying Amount of Goodwill	The changes in the carrying amount of goodwill since June 29, 2023 are as follows: Gross goodwill balance at June 29, 2023 $ 20,516 Accumulated impairment losses ( 8,766 ) Net goodwill balance at June 29, 2023 11,750 Goodwill acquired during fiscal 2024 — Net balance at June 27, 2024 11,750 Goodwill acquired during fiscal 2025 — Net balance at December 26, 2024 $ 11,750

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Dec. 26, 2024
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 26, December 28, December 26, December 28, Weighted average number of shares outstanding – basic 11,647,791 11,611,409 11,640,598 11,603,185 Effect of dilutive securities: Restricted stock units 62,300 56,146 73,129 67,964 Weighted average number of shares outstanding – diluted 11,710,091 11,667,555 11,713,727 11,671,149

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	6 Months Ended
	Dec. 26, 2024
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 2025: Restricted Stock Units Shares Weighted Average Grant Date Fair Value Outstanding at June 27, 2024 147,443 $ 73.09 Granted 63,414 $ 75.03 Vested (a) ( 40,216 ) $ 77.20 Forfeited ( 598 ) $ 76.10 Outstanding at December 26, 2024 170,043 $ 72.83 (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 2025: Performance Stock Units (a) Shares Weighted Average Grant Date Fair Value Outstanding at June 27, 2024 8,031 $ 82.99 Granted 10,481 $ 72.08 Vested — $ — Forfeited — $ — Outstanding at December 26, 2024 18,512 $ 76.81 (a) The PSUs are presented based on reaching target performance. The PSUs vest approximately 33 months 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 24,533 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 26, 2024 .
Summary of Compensation Cost and Income Tax Benefit	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 26, December 28, December 26, December 28, Stock-based compensation expense $ 1,716 $ 1,383 $ 2,651 $ 2,130

Retirement Plan (Tables)

Retirement Plan (Tables)	6 Months Ended
	Dec. 26, 2024
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 26, December 28, December 26, December 28, Service cost $ 129 $ 63 $ 258 $ 126 Interest cost 361 350 722 700 Net periodic benefit cost $ 490 $ 413 $ 980 $ 826

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Dec. 26, 2024
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: December 26, June 27, December 28, Carrying value of current and long-term debt: $ 6,803 $ 7,102 $ 7,446 Fair value of current and long-term debt: 6,545 6,496 6,654

Basis of Presentation and Des_2

Basis of Presentation and Description of Business - Additional Information (Detail)	6 Months Ended
	Dec. 26, 2024 Channel
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of distribution channels	3

Lakeville Acquisition - Additio

Lakeville Acquisition - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 26, 2024	Dec. 28, 2023	Dec. 26, 2024	Dec. 28, 2023
Business Acquisition [Line Items]
Payments to acquire businesses			$ 0	$ 58,974
Business combination, bargain purchase, gain recognized, amount	$ 0	$ 2,226	$ 0	$ 2,226

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) $ in Thousands	Dec. 26, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Contract assets	$ 0
Prepaid expenses and other current assets	611
Contract with Customer, Asset, after Allowance for Credit Loss, Total	$ 0

Revenue Recognition - Summary o

Revenue Recognition - Summary of Revenue Disaggregated by Sales Channel (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 26, 2024	Dec. 28, 2023	Dec. 26, 2024	Dec. 28, 2023
Disaggregation of Revenue [Line Items]
Total	$ 301,067	$ 291,222	$ 577,263	$ 525,327
Consumer [Member]
Disaggregation of Revenue [Line Items]
Total	251,359	241,362	480,743	425,696
Commercial Ingredients [Member]
Disaggregation of Revenue [Line Items]
Total	26,589	27,712	53,489	55,847
Contract Packaging [Member]
Disaggregation of Revenue [Line Items]
Total	$ 23,119	$ 22,148	$ 43,031	$ 43,784

Leases - Additional Information

Leases - Additional Information (Detail) $ in Thousands	Dec. 26, 2024 USD ($)
Operating Leased Assets [Line Items]
Operating leases not yet commenced	$ 472
Maximum [Member]
Operating Leased Assets [Line Items]
Remaining lease term	7 years 1 month 6 days
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract	6 years
Minimum [Member]
Operating Leased Assets [Line Items]
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract	1 year

Leases - Operating Lease Assets

Leases - Operating Lease Assets And Liabilities (Detail) - USD ($) $ in Thousands	Dec. 26, 2024	Jun. 27, 2024	Dec. 28, 2023
Assets
Operating lease right-of-use assets	$ 29,019	$ 27,404	$ 6,867
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	$ 4,211	$ 2,623	$ 1,751
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	$ 25,754	$ 24,877	$ 5,141
Total lease liabilities	$ 29,965	$ 27,500	$ 6,892

Leases - Lease Cost (Detail)

Leases - Lease Cost (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 26, 2024	Dec. 28, 2023	Dec. 26, 2024	Dec. 28, 2023
Leases [Abstract]
Operating lease costs	[1]	$ 1,971	$ 719	$ 3,713	$ 1,389
Variable lease costs	[2]	134	33	306	(141)
Total lease cost		$ 2,105	$ 752	$ 4,019	$ 1,248
[1] Includes short-term leases which are immaterial. Variable lease costs consist of property taxes, sales tax, insurance and lease overtime charges.

Leases - Operating Leases Cash

Leases - Operating Leases Cash Flow Related Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Dec. 26, 2024	Dec. 28, 2023
Operating cash flows information:
Cash paid for amounts included in measurements for lease liabilities	$ 2,246	$ 1,210
Non-cash activity:
Right-of-use assets obtained in exchange for new operating lease obligations	$ 3,800	$ 1,320

Leases - Other Information Rela

Leases - Other Information Related to Operating Lease (Detail)	Dec. 26, 2024	Jun. 27, 2024	Dec. 28, 2023
Leases [Abstract]
Weighted average remaining lease term (in years)	6 years 1 month 6 days	6 years 7 months 6 days	4 years 2 months 12 days
Weighted average discount rate	6.70%	6.80%	6.90%

Leases - Lessee Operating Lease

Leases - Lessee Operating Lease Liability Maturity (Detail) - USD ($) $ in Thousands	Dec. 26, 2024	Jun. 27, 2024	Dec. 28, 2023
Leases [Abstract]
June 26, 2025 (excluding the twenty-six weeks ended December 26, 2024)	$ 3,201
June 25, 2026	5,981
June 24, 2027	6,075
June 29, 2028	5,935
June 28, 2029	5,029
June 27, 2030	4,073
Thereafter	6,414
Total lease payments	36,708
Less imputed interest	(6,743)
Present value of operating lease liabilities	$ 29,965	$ 27,500	$ 6,892

Leases - Operating Lease Revenu

Leases - Operating Lease Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 26, 2024	Dec. 28, 2023	Dec. 26, 2024	Dec. 28, 2023
Leases [Abstract]
Lease income related to lease payments	$ 478	$ 533	$ 957	$ 977

Leases - Lessor Operating Lease

Leases - Lessor Operating Lease Payments To Be Received Maturity (Detail) $ in Thousands	Dec. 26, 2024 USD ($)
Leases [Abstract]
June 26, 2025 (excluding the twenty-six weeks ended December 26, 2024)	$ 497
June 25, 2026	1,071
June 24, 2027	1,055
June 29, 2028	391
June 28, 2029	336
June 27, 2030	343
Thereafter	1,135
Total	$ 4,828

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Thousands	Dec. 26, 2024	Jun. 27, 2024	Dec. 28, 2023
Inventory Disclosure [Abstract]
Raw material and supplies	$ 96,109	$ 85,300	$ 81,564
Work-in-process and finished goods	109,733	111,263	115,771
Total	$ 205,842	$ 196,563	$ 197,335

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 26, 2024	Dec. 26, 2024	Jun. 27, 2024	Dec. 28, 2023	Jun. 29, 2023
Goodwill and Intangible Assets [Line Items]
Amortization expense for remainder of fiscal 2023	$ 629	$ 629
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	384	765
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

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Components of Identifiable Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 26, 2024	Jun. 27, 2024	Dec. 28, 2023
Finite-Lived Intangible Assets [Line Items]
Total intangible assets, gross	$ 39,570	$ 39,570	$ 39,570
Less accumulated amortization:
Total accumulated amortization	(34,513)	(33,748)	(32,986)
Net intangible assets	5,057	5,822	6,584
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	(21,004)	(20,680)	(20,356)
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	(13,024)	(12,668)	(12,314)
Product Formulas [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets, gross	850	850	850
Less accumulated amortization:
Total accumulated amortization	(202)	(121)	(40)
Non-compete Agreement [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible assets, gross	300	300	300
Less accumulated amortization:
Total accumulated amortization	$ (283)	$ (279)	$ (276)

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Summary of Expected Amortization Expense (Detail) $ in Thousands	Dec. 26, 2024 USD ($)
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
June 25, 2026	$ 1,042
June 24, 2027	847
June 29, 2028	677
June 28, 2029	496
June 27, 2030	$ 400

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Summary of Changes in Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
	Jun. 29, 2023	Dec. 26, 2024	Jun. 27, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Gross goodwill balance at June 29, 2023	$ 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

Credit Facility - Additional In

Credit Facility - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 26, 2024	Sep. 29, 2023	Mar. 05, 2020
Second Amendment [Member]
Debt Instrument [Line Items]
Dividends allowed before lender approval needed		$ 100,000
Senior Secured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving loan commitment and letter of credit sub facility		$ 150,000	$ 117,500
Available credit under the Credit Facility	$ 95,562
Outstanding letters of credit	4,685
Revolving credit facility borrowings	$ 49,753

Earnings Per Common Share - Wei

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. 26, 2024	Dec. 28, 2023	Dec. 26, 2024	Dec. 28, 2023
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Weighted Average Number of Shares Outstanding, Basic	11,647,791	11,611,409	11,640,598	11,603,185
Effect of dilutive securities:
Restricted stock units	62,300	56,146	73,129	67,964
Weighted average number of shares outstanding – diluted	11,710,091	11,667,555	11,713,727	11,671,149

Earnings Per Common Share - Add

Earnings Per Common Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Dec. 26, 2024	Dec. 28, 2023	Dec. 26, 2024	Dec. 28, 2023
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	0

Stock-Based Compensation Plan_2

Stock-Based Compensation Plans - Additional Information (Detail) $ in Thousands	6 Months Ended
	Dec. 26, 2024 USD ($) shares
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 8 months 12 days
Unrecognized compensation expense related to non-vested share-based compensation | $	$ 7,819
Restricted stock units vested	24,533
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Restricted stock units vested	31,495

Stock-Based Compensation Plan_3

Stock-Based Compensation Plans - Summary of RSU Activity (Detail)	6 Months Ended
	Dec. 26, 2024 $ / shares shares
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Outstanding beginning balance, Shares | shares	147,443
Granted, Shares | shares	63,414
Vested, Shares | shares	(40,216)	[1]
Forfeited, Shares | shares	(598)
Outstanding ending balance, Shares | shares	170,043
Weighted-Average Grant-Date Fair Value, Beginning Balance | $ / shares	$ 73.09
Granted, Weighted-Average Grant-Date Fair Value | $ / shares	75.03
Vested, Weighted-Average Grant-Date Fair Value | $ / shares	77.2	[1]
Forfeited, Weighted-Average Grant-Date Fair Value | $ / shares	76.1
Weighted-Average Grant-Date Fair Value, Ending Balance | $ / shares	$ 72.83
Performance Stock Units (PSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Outstanding beginning balance, Shares | shares	8,031	[2]
Granted, Shares | shares	10,481	[2]
Vested, Shares | shares	0	[2]
Forfeited, Shares | shares	0	[2]
Outstanding ending balance, Shares | shares	18,512	[2]
Weighted-Average Grant-Date Fair Value, Beginning Balance | $ / shares	$ 82.99	[2]
Granted, Weighted-Average Grant-Date Fair Value | $ / shares	72.08	[2]
Vested, Weighted-Average Grant-Date Fair Value | $ / shares	0	[1],[2]
Forfeited, Weighted-Average Grant-Date Fair Value | $ / shares	0	[2]
Weighted-Average Grant-Date Fair Value, Ending Balance | $ / shares	$ 76.81	[2]
[1] The number of RSUs vested includes shares that were withheld on behalf of employees to satisfy statutory tax withholding requirements. The PSUs are presented based on reaching target performance. The PSUs vest approximately 33 months 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 24,533 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 26, 2024 .

Stock-Based Compensation Plan_4

Stock-Based Compensation Plans - Additional Information (Parenthetical) (Details)	6 Months Ended
	Dec. 26, 2024 shares
Share-Based Payment Arrangement [Abstract]
Performance stock unit vested	24,533

Stock-Based Compensation Plan_5

Stock-Based Compensation Plans - Summary of Compensation Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 26, 2024	Dec. 28, 2023	Dec. 26, 2024	Dec. 28, 2023
Share-Based Payment Arrangement [Abstract]
Stock-based compensation expense	$ 1,716	$ 1,383	$ 2,651	$ 2,130

Retirement Plan - Schedule of N

Retirement Plan - Schedule of Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 26, 2024	Dec. 28, 2023	Dec. 26, 2024	Dec. 28, 2023
Retirement Benefits [Abstract]
Service cost	$ 129	$ 63	$ 258	$ 126
Interest cost	361	350	722	700
Net periodic benefit cost	$ 490	$ 413	$ 980	$ 826

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	Dec. 26, 2024	Jun. 27, 2024
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	$ 1,044	$ (204)
Balance at end of period	$ 1,044	$ 1,044

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Carrying Value and Fair Value Estimate of Current and Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 26, 2024	Jun. 27, 2024	Dec. 28, 2023
Fair Value Disclosures [Abstract]
Carrying value of current and long-term debt:	$ 6,803	$ 7,102	$ 7,446
Fair value of current and long-term debt:	$ 6,545	$ 6,496	$ 6,654