Armanino Foods AMNF
Armanino Foods produces and markets pesto, sauces, stuffed pasta, and cooked meat products. Its products are sold to retailers and foodservice customers through food brokers.
- Ticker
- AMNF
- Headquarters
- Hayward, California
- CEO
- Deanna Jurgens
- IPO year
- 1990
- Sector
- Food Manufacturing
- Website
- armaninofoods.com
- Management
- Team & leadership ↗
Notes & Takes
"Armanino Foods has a dominant market share in the U.S. pesto category. Armanino markets its products through a network of food brokers and sells to foodservice distributors.
In May of 2026, a new 15 year lease was signed for their new 91,000 sq. foot manufacturing facility in Mountain House, California. Packing, ingredient handling, production, and cold storage will be under one roof. The facility should be operational by 2027.
Chairman James Ford is a baller. He knows what he's doing and will lead this company to new highs. He owns 4% of shares outstanding."
Company Financials
Quarterly Headlines
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Armanino Foods Q1 2026
Mar 31, 2026
- Sales up 8.3%
- Operating income up 22%
- Net income up 20%
- $31 mill in cash with no debt
- $1.6 mill in dividends paid out, no share repurchases
- New 91,000 square foot facility in Mountain House CA that will be fully operational by mid 2027 and they are exiting the two leased facilities in Hayward
Armanino Foods Q4 2025
Dec 31, 2025
- Net sales up 5.5%
- Operating income up 20% to $6.4 million
- Operating margin of 32.8%
- Free cash flow of $6.5 million
- Full year 2025 net sales up 9.7% with operating income up 31%
Armanino Foods Q3 2025
Sep 30, 2025
- Net sales up 11% attributable to strong growth across our foodservice and international channels in the core pesto sauces
- Gross profit was 49.5% of net sales vs. 44.8% of net sales due to improved sales mix and operational efficiency improvements
- Net income of $4.8 million or $0.15 per diluted share - net income margin of 24.3%
- Cash of $24.6 million with no debt
Armanino Foods Q2 2025
Jun 30, 2025
- Sales up 14%
- Net income up 27%
- EPS of $0.15 vs. $0.11 last year
- Cash of $23 million down $5 million due to dividend payments and share repurchases
- Finalizing plans to invest $1.5 million to expand manufacturing capacity in support of more demand
- Preparing for continued international growth
- Long term strategy is clear: continue growing a high margin, capital efficient business anchored in strong customer relationships.
- Phantom stock liability of $2 million
Armanino Foods Q1 2024
Mar 31, 2024
- Cash balance of $22 million
- Net sales of $15.7 million
- Net income of $2.3 million
- Cash from operations first 3 months $1.9 million
- Capex spend $567K
- $1 million in dividends paid in the first 3 months of year
Armanino Foods Q1 2025
Mar 31, 2025
- Sales up 8% YoY
- Net income up 70% YoY
- New CEO is Deanna Jurgens
- We remain cautious in the near term as there is indication of a slowdown
- $24 mill in cash and no debt
Armanino Foods Q4 2024
Dec 31, 2024
- Net sales up 15%
- Income before taxes were $5.6 million up 65%
- Cash of $28 million
- No debt
Armanino Foods Q3 2024
Sep 30, 2024
- Cash balance of $24 million
- Net sales of $17.6 mill
- Net income of $4.1 mill
- Cash from operations first 39 weeks $11.2 mill
- Capex spend of $2.5 mill first 39 weeks
- $6.5 million paid in dividends first 39 weeks
- The company continues to see benefits by improving operating performance, including better procurement of raw materials driven by lower commodity prices and improved manufacturing efficiencies. These efforts have helped drive ongoing margin improvement that is reflected in the record profit levels.
- Although we are very pleased with our performance we continue to be somewhat cautious in the near term as we believe there is some indication of a slow down.
Armanino Foods Q2 2024
Jun 30, 2024
- Cash balance of $21 million
- Net sales of $17.4 million
- Net income of $3.8 million
- Cash from operations first 6 months $6.0 million
- Capex spend $1.4 million first 6 months
- $5.4 million in dividends paid in first 6 months
Armanino Foods Q2 2026
Jun 30, 2026
- Sales up 8.5%
- Gross profit up 14.8%
- Operating income of $6.4 mill vs. $6.3 mill last year
- Net income of $4.9 mill flat vs. last year
- Secured new national account business with Smoothie King and Wonder
- Achieved new distribution wins through partner brands in prepared meals at Walmart and Kroger
- Expect $20 mill investment into the new Mountain House facility used with cash on hand, should be operational by 2027