iHub News
4月前
J&J Snack Foods climbs 3% as margin gains offset Q1 revenue and earnings missFebruary 3, 2026 11:21 AM
IH Market News
J&J Snack Foods Corp. (NASDAQ:JJSF) reported first-quarter results on Tuesday that came in below analyst expectations, but the stock rose nearly 3% as investors focused on improving margins and progress in the company’s transformation efforts.Shares gained 2.94% after the release, despite weaker top-line performance.For the quarter ended December 27, 2025, the snack food and frozen beverage producer posted adjusted earnings per share of $0.33, missing the consensus forecast of $0.37. Revenue declined 5.2% year over year to $343.8 million, also below analysts’ expectations of $365.79 million.Profitability trends, however, moved in a positive direction. Gross margin expanded by 200 basis points to 27.9%, while adjusted EBITDA rose 7% year over year to $27 million, reflecting early benefits from the company’s “Project Apollo” transformation program.“Our first quarter results reflect disciplined execution of our key priorities to drive profitability,” said Dan Fachner, J&J Snack Foods Chairman, President, and CEO. “We are pleased to deliver 7% year-over-year growth in adjusted EBITDA and a 200 basis point expansion in gross margin despite a 5.2% decline in sales and a $1 million expense for product disposal.”The revenue shortfall was largely driven by strategic portfolio rationalization within the bakery segment, where sales fell by roughly 17%. In contrast, pretzel sales increased 6.9%, extending the positive momentum seen in the second half of fiscal 2025.The retail supermarket business provided another area of strength, with sales rising 2.6% year over year to $45.9 million. Growth in this segment was fueled by a 35% jump in handheld product sales, as the company continued to recover from last year’s production disruptions caused by a facility fire.During the quarter, J&J Snack Foods completed $42 million in share repurchases and authorized a new $50 million buyback program, underscoring management’s confidence in the company’s long-term strategy. The company also reaffirmed that it remains on track to achieve $20 million in annualized cost savings from its Project Apollo initiatives.J&J Snack Foods Corp stock price
Original: J&J Snack Foods climbs 3% as margin gains offset Q1 revenue and earnings miss
gfp927z
4年前
>>> J&J Snack Foods Corp. Announces Closing of Dippin’ Dots Acquisition
Yahoo Finance
J & J Snack Foods Corp.
June 21, 2022
https://finance.yahoo.com/news/j-j-snack-foods-corp-131500063.html
PENNSAUKEN, N.J., June 21, 2022 (GLOBE NEWSWIRE) -- J&J Snack Foods Corp. (NASDAQ: JJSF), a leader and innovator in the snack food industry, announced today that it has closed the previously announced acquisition of Dippin’ Dots, L.L.C., a leading producer of flash-frozen beaded ice cream treats. The acquisition also includes the Doc Popcorn business operated by Dippin’ Dots.
“This is a significant day for J&J Snack Foods as we close the largest acquisition in our company’s 50+ year history” said Dan Fachner, President & Chief Executive Officer at J&J Snack Foods. “We look forward to leveraging our combined strength in entertainment and amusement locations, theaters, and convenience to continue to expand this iconic business,” Mr. Fachner added.
About J&J Snack Foods Corp.
J&J Snack Foods Corp. (NASDAQ: JJSF) is a leader and innovator in the snack food industry, providing innovative, niche and affordable branded snack foods and beverages to foodservice and retail supermarket outlets. Manufactured and distributed nationwide, our principal products include SUPERPRETZEL, the #1 soft pretzel brand in the world, as well as internationally known ICEE and SLUSH PUPPIE frozen beverages, LUIGI’S Real Italian Ice, MINUTE MAID frozen ices, WHOLE FRUIT sorbet and frozen fruit bars, SOUR PATCH KIDS Flavored Ice Pops, Tio Pepe’s & CALIFORNIA CHURROS, and THE FUNNEL CAKE FACTORY funnel cakes and several bakery brands within DADDY RAY’S, COUNTRY HOME BAKERS and HILL & VALLEY. With nearly twenty manufacturing facilities, and more than $1 billion in annual revenue, J&J Snack Foods Corp. has continued to see steady growth as a company, reaching record sales for 48 consecutive years. The company consistently seeks out opportunities to expand its unique niche market product offering while bringing smiles to families worldwide.
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Penny Roger$
14年前
J & J Snack Foods Corp. (J & J) manufactures nutritional snack foods and distributes frozen beverages, which it markets nationally to the food service and retail supermarket industries. The Company’s snack food products are soft pretzels marketed under the brand name SUPERPRETZEL and frozen juice treats and desserts marketed under the LUIGI’S, FRUIT-A-FREEZE, WHOLE FRUIT, ICEE, BARQ’S and MINUTE MAID brand names. J & J is a manufacturer of soft pretzels in the United States, Mexico and Canada. Other snack food products include churros (an Hispanic pastry), funnel cake and bakery products. Its frozen beverage products are the ICEE brand frozen carbonated beverage and the SLUSH PUPPIE brand frozen uncarbonated beverage. It operates in four business segments: Food Service, Retail Supermarkets, The Restaurant Group and Frozen Beverages. In February 2010, J& J acquired the assets of Parrot Ice. On June 10, 2010, it acquired the assets of California Churros, Inc.
http://www.google.com/finance?q=JJSF
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