Financial Performance - Fiscal 2024 fourth quarter net sales decreased 3.9% to $426.8 million, but increased 3.9% on a normalized basis compared to Q4 fiscal 2023[2]. - Full year fiscal 2024 revenue increased 1.0% to $1.57 billion, with a gross margin of 30.9% and net earnings of $86.6 million, leading to diluted EPS of $4.45[1][17]. - Adjusted EBITDA for fiscal 2024 reached a record $200.1 million, reflecting a 10.2% increase year-over-year[2][4]. - Fiscal 2024 operating income increased 7.3% to $117.5 million, driven by top-line growth and improved gross margins[17]. - Net earnings for the fiscal year ended September 30, 2024, increased to $86,551,000, up from $78,906,000 in the previous year, representing a growth of 2.5%[34]. - Operating income for the fiscal year ended September 30, 2024, was $39,842,000, down from $41,703,000 in the previous year, reflecting a decline of 4.5%[35]. Segment Performance - Food Service segment sales declined 3.0% to $262.2 million in Q4, but increased 4.6% on a normalized basis[9][18]. - Retail segment sales decreased 13.7% to $55.9 million in Q4, with a normalized decline of 5.7%[9][19]. - Frozen Beverages segment sales remained flat at $108.7 million in Q4, but increased 7.7% on a normalized basis[9][20]. - Total Food Service sales were $270,282 million, down from $262,150 million, with a normalized impact of $250,686 million[40]. - Total Retail Supermarket sales were $64,845 million, a decrease of 5.7% compared to $59,322 million[40]. - Total Frozen Beverages sales were $108,736 million, reflecting a 7.7% increase compared to $100,865 million[40]. Profitability Metrics - Gross profit as a percentage of sales was 31.8% in Q4, a decline of 110 basis points compared to Q4 fiscal 2023[10]. - Gross profit for the quarter was $145.744 million, resulting in a gross margin of 32.8%, compared to $135.531 million and a gross margin of 30.8% in the prior year[32]. - Net earnings for the quarter were $30.421 million, translating to earnings per diluted share of $1.57, compared to $29.641 million and $1.52 per diluted share in the previous year[32]. - Adjusted operating income was $42,010 million, compared to $45,828 million in the previous quarter[38]. - Earnings per diluted share for the quarter were $1.52, down from $1.57 in the previous quarter[39]. Cash Flow and Assets - Cash and cash equivalents rose to $73.394 million, compared to $49.581 million in the previous year, indicating a significant increase of 47.9%[33]. - Total assets increased to $1.365 billion as of September 30, 2024, up from $1.277 billion a year earlier, representing a growth of 6.9%[33]. - Cash provided by operating activities for the fiscal year was $173,066,000, slightly up from $172,279,000 in the previous year[34]. - The company reported a net cash used in investing activities of $77,666,000, compared to $93,240,000 in the previous year, indicating improved cash management[34]. - The company experienced a decrease in accounts receivable by $7,931,000, compared to a decrease of $11,399,000 in the previous year, indicating improved collection efficiency[34]. Strategic Initiatives - The company anticipates growth potential in core products and new product launches, particularly in the Dippin Dots and Icee beverages channels[6][7]. - The company plans to continue focusing on operational efficiency projects to enhance future performance, although specific financial projections were not provided[30]. - The company made payments for purchases of companies amounting to $7,014,000 during the fiscal year, indicating ongoing strategic acquisitions[34]. - The company reported strategic business transformation costs of $768 million for the quarter[38].

Full Year Fiscal 2024 Revenue Increases 1.0% to $1.57 Billion; Gross Margin of 30.9% and Net Earnings of $86.6 Million Leads to Diluted EPS of $4.45 andAdjusted EPS of $4.93 for the full year MOUNT LAUREL, N.J., Nov. 13, 2024 (GLOBE NEWSWIRE) -- J&J Snack Foods Corp. (NASDAQ: JJSF) (the “Company”) today reported financial results for the fourth quarter (13 weeks) and full year (52 weeks) ended September 28, 2024.1  Fourth QuarterFull-YearActuals% v. LYActuals% v. LYNet Sales$426.8M-3.9% $1,574.8M1.0% Operat ...

Analysts on Wall Street project that J&J Snack Foods (JJSF) will announce quarterly earnings of $1.88 per share in its forthcoming report, representing an increase of 8.7% year over year. Revenues are projected to reach $430.07 million, declining 3.1% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a comp ...

MOUNT LAUREL, N.J., Oct. 16, 2024 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (NASDAQ: JJSF) announced today that it has scheduled a conference call and webcast to discuss its fiscal 2024 fourth quarter financial results on Thursday, November 14, 2024, at 10:00 am Eastern time. Conference call participants should pre-register by clicking on this Registration Link to receive the dial-in number and a personal PIN, which are required to access the conference call. Questions will be taken only from participants ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the period ended June 29, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 0-14616 J & J SNACK FOODS CORP. (Exact name of registrant as specified in its charter) New Jersey 22-1935537 (State or other jurisdiction of (I.R.S. Employer incorporation or o ...

MOUNT LAUREL, N.J., Aug. 07, 2024 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (NASDAQ:JJSF) announced today that its Board of Directors has declared a quarterly cash dividend of $0.78 per share of its common stock payable on October 8, 2024, to shareholders of record as of the close of business on September 17, 2024. The cash dividend of $0.78 per share represents an increase of approximately 6% from the previous quarterly dividend of $0.735 per share. The declaration and payment of dividends is subject to ...

Exhibit 99.1 J & J SNACK FOODS REPORTS RECORD FISCAL THIRD QUARTER REVENUE OF $440.0 MILLION Gross Margin of 33.6% Leads to Net Earnings of $36.3 Million, and EPS of $1.87 and Adjusted EPS of $1.98 Mount Laurel, NJ, August 5, 2024 - J&J Snack Foods Corp. (NASDAQ: JJSF) (the "Company") today reported financial results for the third quarter ended June 29, 2024. | --- | --- | --- | --- | |---------------------------------------------|---------|------------------------|------------------------| | | Actuals | Th ...

The Company expects to release its results for the 2024 fiscal third quarter ended June 29, 2024, at approximately 4:15 pm Eastern time on Monday, August 5, 2024. ### Mount Laurel, N.J., July 01, 2024 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (NASDAQ:JJSF) announced today that it has scheduled a conference call and webcast to discuss its fiscal 2024 third quarter financial results on Tuesday, August 6, 2024, at 10:00 am Eastern time. J & J Snack Foods Corp. (NASDAQ:JJSF) is a leader and innovator in the s ...

Mount Laurel, N.J., July 01, 2024 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (NASDAQ: JJSF) announced today that it has scheduled a conference call and webcast to discuss its fiscal 2024 third quarter financial results on Tuesday, August 6, 2024, at 10:00 am Eastern time. Conference call participants should pre-register by clicking on this Registration Link to receive the dial-in number and a personal PIN, which are required to access the conference call. Questions will be taken only from participants on t ...

¡Hola! Churros: Authentic, crispy, and golden brown, ¡Hola! Churros are the perfect anytime treat that inspires curiosity and creates memories. Slick City fans can snack on perfectly-bite sized ¡Hola! Churros Bites, topped with cinnamon sugar. "We are excited to bring our core brands, Dippin' Dots, ¡Hola! Churros, ICEE, and SUPERPRETZEL, to Slick City guests, enhancing the adventure experience with our flavorful and fun snack portfolio," said Dan Fachner, President and CEO, J&J Snack Foods. "This partnershi ...