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 ...

Financial Performance - Net sales increased by $45.5 million, or 12.0%, to $425.8 million for the three months ended June 24, 2023, and by $134.7 million, or 13.7%, to $1,115.0 million for the nine months ended June 24, 2023[123]. - Gross profit for the three months ended June 24, 2023, increased by $33.8 million, or 31.0%, to $142.9 million, with gross profit margin rising from 28.7% to 33.6%[125]. - Operating income for the three months ended June 24, 2023, increased by $27.0 million, or 127.2%, to $48.3 million, with operating income margin improving from 5.6% to 11.3%[121]. - Net earnings for the three months ended June 24, 2023, increased by $19.4 million, or 124.8%, to $35.0 million[133]. - Net earnings for the nine months ended June 24, 2023, increased to $48.5 million, up from $29.9 million in the same period of 2022, representing a 62% increase[154]. Segment Performance - Food Service segment sales increased by $27.1 million, or 11.9%, to $254.98 million for the three months ended June 24, 2023, driven by a $29.2 million increase in Dippin' Dots sales[138]. - Operating income in the Food Service segment rose by $18.1 million to $20.8 million for the quarter, largely due to improved gross margins and lower distribution expenses[139]. - Retail Supermarket segment sales increased by $0.1 million, or 0.2%, to $61.15 million for the three months ended June 24, 2023, with soft pretzel sales decreasing by 12.2%[144]. - Operating income in the Retail Supermarkets segment increased by $1.8 million to $4.2 million for the quarter, primarily driven by lower distribution expenses[145]. - Frozen Beverages segment sales increased by $18.3 million, or 20.0%, to $109.64 million for the three months ended June 24, 2023, with beverage-related sales up 26.1%[148]. - Operating income in the Frozen Beverage segment increased by $7.1 million to $23.3 million for the quarter, driven by strong sales performance[150]. - For the nine months ended June 24, 2023, Food Service sales increased by $95.6 million, or 15.5%, to $711.56 million, with significant contributions from Dippin' Dots[140]. - Retail Supermarket segment sales increased by $6.1 million, or 4.2%, to $150.58 million for the nine months ended June 24, 2023, despite declines in soft pretzel and biscuit sales[146]. - Frozen Beverages segment sales increased by $33.0 million, or 15.0%, to $252.83 million for the nine months ended June 24, 2023, with beverage-related sales up 20.8%[151]. Expenses and Income - Marketing expenses increased by 30.4% to $31.3 million for the three months ended June 24, 2023, while distribution expenses decreased by 7.6% to $44.5 million[127]. - Investment income increased by $0.5 million to $0.6 million for the three months ended June 24, 2023, primarily due to the improving interest rate environment[129]. - Interest expense increased by $1.1 million to $1.3 million for the three months ended June 24, 2023, due to outstanding borrowings on the Amended Credit Agreement[130]. - Income tax expense increased by $7.0 million, or 123.7%, to $12.6 million for the three months ended June 24, 2023, with an effective tax rate of 26.5%[132]. Cash Flow and Financial Position - Net cash provided by operating activities was $105.9 million for the nine months ended June 24, 2023, compared to a cash outflow of $29.6 million in the prior year[154]. - The company believes its future operating cash flow, along with its current cash and cash equivalent balances, is sufficient to meet cash requirements and fund future growth[153]. - Cash flows from investing activities showed a net outflow of $70.4 million, significantly reduced from $272.9 million in the previous year, mainly due to no payments for company acquisitions in 2023[156]. - Borrowings under the credit facility amounted to $102 million, with repayments of $74 million, reflecting the company's working capital needs[157]. - As of June 24, 2023, the company had $65.6 million in cash and cash equivalents and $4.5 million in marketable securities[160]. - The company is in compliance with all financial covenants of the Credit Agreement as of June 24, 2023[162]. - Outstanding borrowings on the Amended Credit Agreement totaled $83 million, with an additional borrowing capacity of $132.2 million[164]. Depreciation and Amortization - The increase in depreciation of fixed assets was primarily due to prior year purchases and the Dippin' Dots acquisition, with depreciation expense rising to $41.3 million from $36.3 million[155]. - The increase in amortization of intangibles and deferred costs was linked to the Dippin' Dots acquisition, rising to $5.1 million from $1.8 million[155]. Dividends - Dividends paid increased to $40.4 million in 2023, up from $36.3 million in the previous year, reflecting a raised quarterly dividend[159].

J&J Snack Foods Corp. (NASDAQ:JJSF) Q3 2023 Results Conference Call August 1, 2023 10:00 AM ET Company Participants Norberto Aja - IR, JCIR Dan Fachner - President, CEO & Director Ken Plunk - SVP, CFO & Treasurer Conference Call Participants Connor Rattigan - Consumer Edge Andrew Wolf - CL King Robert Dickerson - Jefferies Todd Brooks - Benchmark Company Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to the J&J Snack Foods fiscal 2023 Third Quarter Conference Call. At this t ...