Financial Data and Key Metrics Changes - J&J Snack Foods achieved record annual sales and gross profit in fiscal 2024, with adjusted EBITDA increasing by 10.2% [8][60] - Reported sales for the fiscal year grew by 1% and 2.8% on a normalized basis, while fourth quarter reported sales decreased by 3.9% but increased by 3.9% on a normalized basis [11][42] - Gross margin improved by 80 basis points to 30.9% for the fiscal year, but decreased by 110 basis points to 31.8% in the fourth quarter compared to the previous year [11][52] Business Line Data and Key Metrics Changes - In the Foodservice segment, reported sales grew by 0.3% for the fiscal year and 2.4% on a normalized basis, with declines in churros and soft pretzels in the fourth quarter [16][43] - Retail segment reported sales increased by 2.7% and normalized sales by 4.4% for the fiscal year, driven by the expansion of SUPERPRETZEL products [23][50] - Frozen Beverages reported sales increased by 1.9% on a reported basis and 3% on a normalized basis for the year, with improvements noted in the theater channel [27][48] Market Data and Key Metrics Changes - The company experienced softer consumer trends in key channels such as amusement, convenience, theaters, restaurants, and retail, impacting sales [9][12] - Dippin' Dots sales grew low single digits on a normalized basis for the year, with expectations for improvement in core channels [17][18] - The retail segment saw a decline in frozen novelty sales, primarily due to softer sales in the Luigi brand [26] Company Strategy and Development Direction - The company remains focused on executing a strategy of growing core brands and creating cross-selling opportunities to drive incremental sales [15] - There is confidence in the long-term performance of the churro business, with new product launches and partnerships expected to drive growth [20] - The company is optimistic about the growth potential of its core products and new product launches as it enters fiscal 2025 [37] Management's Comments on Operating Environment and Future Outlook - Management noted that consumer spending pressures are expected to subside as the economy stabilizes, particularly post-election [68] - There is optimism regarding the recovery of the theater channel with a strong lineup of upcoming films [66][68] - The company anticipates improved sales across its product lines as consumer confidence returns in fiscal 2025 [37][60] Other Important Information - The company is in the process of searching for a new CFO, as the current CFO will be retiring at the end of the calendar year [34] - The company maintains a strong liquidity position with $73.4 million in cash and no debt, allowing for continued investment in growth [61][62] Q&A Session Summary Question: Where is the greatest pressure in traffic being seen? - Management indicated that declines were noted in the theater and convenience sectors, but expressed confidence in a strong recovery due to upcoming movie releases [66][68] Question: Can you elaborate on the margin pressure and mix headwinds? - Management explained that the loss of a key selling week significantly impacted margins, particularly affecting high-margin products [70][72] Question: What are the expectations for margin improvement in fiscal 2025? - Management expects gross margins to improve to over 31% in fiscal 2025, with ongoing initiatives to enhance operational efficiency [84][86] Question: How is the marketing budget expected to evolve? - The marketing budget is anticipated to remain flat around 7.4% of sales, with a focus on digital and targeted marketing strategies [96] Question: What is the outlook for normalized sales growth in fiscal 2025? - Management expressed optimism for continued growth, citing a diverse portfolio that allows for resilience against economic downturns [98]

J&J Snack Foods (JJSF) reported $426.76 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 3.9%. EPS of $1.60 for the same period compares to $1.73 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $430.07 million, representing a surprise of -0.77%. The company delivered an EPS surprise of -14.89%, with the consensus EPS estimate being $1.88.While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...

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 ...

Group 1 - J & J Snack Foods Corp. announced a quarterly cash dividend of $0.78 per share, an increase of approximately 6% from the previous dividend of $0.735 per share [1] - The dividend is payable on October 8, 2024, to shareholders of record as of September 17, 2024 [1] - The declaration and payment of dividends depend on various factors including the company's net income and financial position [2] Group 2 - J & J Snack Foods Corp. is a leader in the snack food industry, providing innovative and affordable branded snack foods and beverages [3] - Principal products include SUPERPRETZEL, ICEE, SLUSH PUPPIE, DIPPIN' DOTS, LUIGI'S Real Italian Ice, and several bakery brands [3] - The company manufactures and distributes its products nationwide [3]

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 ...

The new frozen anytime treat has been recognized as the "Best Frozen Dough" by PEOPLE Magazine MT. LAUREL, N.J., June 5, 2024 /PRNewswire/ -- The PEOPLE have spoken, ¡Hola! Churros Double Twisted Bites have been selected as a winner of the 2024 PEOPLE Food Awards, being named the "Best Frozen Dough" of the year. This accolade recognizes the exceptional quality and delightful taste of ¡Hola! Churros products, earning their place as a favorite anytime snack among consumers and food critics alike. "We are deli ...

MOUNT LAUREL, N.J., May 24, 2024 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (NASDAQ:JJSF) announced today that its Board of Directors has declared a quarterly cash dividend of $0.735 per share of its common stock payable on July 9, 2024, to shareholders of record as of the close of business on June 18, 2024. The declaration and payment of dividends is subject to the discretion of the Board of Directors and depends on various factors, including the Company's net income, financial position, cash requirements ...