Group 1 - The ICEE Company, a subsidiary of J&J Snack Foods Corp., has collaborated with WK Kellogg Co to launch a new Froot Loops flavored ICEE, combining two nostalgic brands into a frozen beverage [1][2][3] - The new Froot Loops ICEE flavor will be available at various retailers nationwide, including Maverik, K&G, Meijer Gas, and Target, with additional rollouts planned for summer [1][3] - The ICEE Company has been a leader in the frozen beverage industry since its founding in 1967, establishing itself as the number one brand in this category [3][5] Group 2 - J&J Snack Foods Corp. specializes in snack food and frozen beverage products, with a diverse brand portfolio that includes ICEE, SLUSH PUPPIE, and Dippin' Dots [6] - WK Kellogg Co has a long history dating back to 1894, known for its iconic breakfast cereals and a commitment to enhancing consumer well-being through its products [7][8]

Washington, D.C. 20549 UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 March 30, 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 incorporation or organization) (I.R. ...

J&J easily beat estimates on the top and bottom lines.Shares of J&J Snack Foods (JJSF 16.37%), the maker of SuperPretzels and other event snack staples, jumped today after the company delivered a strong second-quarter earnings report.The stock finished today's session up 16.4%.J&J Snack Foods shinesJ&J reported revenue growth of 6.5% to $359.7 million, beating estimates at $341.1 million.The company said top-line growth was driven by higher volumes in core products and brands, as well as strong performance ...

For the quarter ended March 2024, J&J Snack Foods (JJSF) reported revenue of $359.73 million, up 6.5% over the same period last year. EPS came in at $0.84, compared to $0.43 in the year-ago quarter.The reported revenue represents a surprise of +5.50% over the Zacks Consensus Estimate of $340.98 million. With the consensus EPS estimate being $0.63, the EPS surprise was +33.33%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

J&J Snack Foods (JJSF) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this drink and snack maker would post earnings of $0.87 per share when it actually produced earnings of $0.52, delivering a surprise of -40.23%.Over the last four quarter ...

Exhibit 99.1 Net Earnings of $13.3 Million, EPS of $0.69 and Adjusted EPS of $0.84 Increased Over 90% Versus Prior Year Mount Laurel, NJ, May 6, 2024 - J&J Snack Foods Corp. (NASDAQ: JJSF) (the "Company") today reported financial results for the second quarter ended March 30, 2024. | | | Second Quarter | | | --- | --- | --- | --- | | | Actuals | $ vs. LY | % vs. LY | | Net Sales | $359.7M | $21.9M | 6.5% | | Operating | $17.9M | $7.7M | 75.6% | | Income | | | | | Net Earnings | $13.3M | $6.5M | 94.0% | | Ea ...

J&J Snack Foods Corp. (JJSF) announced its latest strategic move with the acquisition of Thinsters, a brand celebrated for its thin, crunchy cookies made from simple, real ingredients. This acquisition signifies an important step for J&J Snack Foods, reinforcing its leadership role in the snack food market and broadening its commitment to offering a diverse range of high-quality, enjoyable snacks to consumers throughout the United States.Thinsters stands out in the cookie sector for its commitment to flavor ...

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 December 30, 2023 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 ...

Financial Data and Key Metrics Changes - Net sales for the quarter totaled $348.3 million, down 0.9% compared to the prior year [31] - Adjusted operating income increased by 20.6% to $13.5 million, while net earnings rose 9.8% to $7.3 million, resulting in reported earnings per share of $0.37 [16][31] - Adjusted EBITDA increased 19.4% to $30.2 million from $25.3 million in the prior year period [51] Business Line Data and Key Metrics Changes - Food Service segment sales decreased 4.1% to $228.6 million, primarily due to reduced inventories of pies and cookies [31][125] - Retail segment sales increased 1.6% to $43.8 million, with handheld sales growing by 90.5% and soft pretzel sales increasing 27.4% [32] - Frozen Beverages segment posted an 8.5% increase in sales, led by strong performance across key channels [134] Market Data and Key Metrics Changes - Sales in Mexico, the amusement channel, mass merchandise retailers, and restaurants increased for the quarter [129] - The rollout of a new self-serve program for a major club customer is delivering strong results with over 100 locations converted [129] Company Strategy and Development Direction - The company is focused on product innovation that drives more profitable sales while rationalizing lower-performing SKUs [130] - The addition of new production lines is expected to enhance capacity and efficiency, improving product margins and profitability [11] - The company aims to maintain a healthy balance sheet and prudent leverage position to continue investing in growth and returning value to shareholders [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to grow despite a challenging consumer environment, emphasizing the importance of innovation and cross-selling opportunities [126] - The company anticipates that inventory levels will normalize as consumer spending improves, leading to potential sales recovery [45] - Management remains cautious about consumer traffic but is optimistic about new business opportunities and long-term growth [61][67] Other Important Information - The company opened two of three planned distribution centers, which are expected to drive productivity improvements [131] - Marketing and selling expenses increased to 7.9% of sales, reflecting investments in promotional support for core brands and new products [135] Q&A Session Summary Question: What is the nature of the contractual cost true-up with the handheld product? - Management explained that the true-up is a quarterly adjustment reflecting swings in input costs, which has impacted sales and profits [53][139] Question: Is it accurate that Costco is discontinuing churros? - Management confirmed that while Costco has rotated churros off the menu, the new opportunity with Subway is expected to outweigh this loss due to the larger number of locations [56] Question: How is the company addressing the cautious consumer environment? - Management noted that they are closely monitoring consumer data and believe that inventory adjustments will lead to improved sales as the year progresses [67][88]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Commission File No. 000-14616 Registrant's telephone number, including area code: (856) 665-9533 J&J SNACK FOODS CORP. (Exact name of registrant as specified in its charter) incorporation or organization) 350 Fellowship Road 08054 Mt. Laurel, New Jersey (Zip Code) (Address of principal executive offices) Securities Registered Pursuant to Section 12(b) of the Act: | | | Registered | | --- | --- | --- | | Title of Each Class Com ...