J & J Snack Foods Q1 Earnings Call Highlights

Net sales declined 5.2% year over year, which Fachner said was “mostly” tied to the bakery business as the company focused on higher-margin opportunities. He said about $18 million of the revenue decline came from bakery, including roughly $13 million related to SKU optimization efforts under Project Apollo. The remaining bakery declines were described as lower-margin products consistent with portfolio optimization.Management highlighted a 200 basis-point improvement in consolidated gross margin to 27.9% , ...