1. The author maintains a 'Buy' rating on John B. Sanfilippo & Son (JBSS), arguing the market undervalues its strong fundamentals and growth potential despite recent underperformance; 2. Management is driving profit and cash flow growth through strategic pricing, even as sales volumes face challenges from weak consumer sentiment; 3. JBSS dominates the private label market, holds significant market share in key categories, and benefits from a dual-branded/private label strategy for future growth.