Core Insights - J & J Snack Foods Corp. reported a decline in net sales and earnings for the fourth quarter, with net sales at $410.2 million, down 4% year-over-year, and net earnings at $11.4 million, down 62% compared to the previous year [2][3][5]. Financial Performance - Fourth quarter operating income was $11.5 million, a significant decrease of 71% from the prior year quarter [2][9]. - Adjusted operating income for the fourth quarter was $37.7 million, down 10% year-over-year [2][9]. - Adjusted EBITDA for the fourth quarter was $57.4 million, reflecting a 4% decline compared to the same quarter last year [2][3]. - Earnings per diluted share for the fourth quarter were $0.58, down 62% from $1.52 in the prior year quarter [2][9]. Segment Performance - The Food Service segment saw a slight sales decrease of 1.1%, while the Retail Supermarket segment experienced an 8.1% decline in sales [7][14]. - The Frozen Beverage segment reported an 8.3% decrease in sales, primarily due to lower theater volumes following the success of the Inside Out 2 movie last year [7][14]. Cost and Expenses - Total operating expenses for the fourth quarter were $118.8 million, representing 29% of sales, compared to 22.4% in the prior year quarter [8][9]. - Marketing and selling expenses increased by 4.8% to $32.6 million, while distribution expenses decreased by 8.3% to $42.2 million [13]. Strategic Initiatives - The company is launching several major commercial programs in fiscal 2026 and has a robust innovation pipeline focused on healthier product attributes [4]. - A comprehensive business transformation program has been initiated, expected to generate at least $20 million in annualized operating income once fully implemented [4]. Balance Sheet and Cash Flow - The company reported a strong balance sheet with $106 million in cash and no debt, positioning it well for sustainable growth [4]. - Cash and cash equivalents at the end of the period were $105.9 million, up from $73.4 million at the end of the previous year [29].

Core Insights - J & J Snack Foods Corp. will release its financial results for the fourth quarter and full fiscal year on November 17, 2025, before the market opens [1] - A conference call and webcast will be held at 10:00 a.m. Eastern Time on the same day to discuss the results [1] Company Overview - J & J Snack Foods Corp. is a leader and innovator in the snack food and frozen beverage industry, with over fifty years of experience [3] - The company specializes in a variety of snack and beverage brands, including SUPERPRETZEL, ICEE, SLUSH PUPPIE, and Dippin' Dots [3] - The brand portfolio also features LUIGI'S Real Italian Ice, MINUTE MAID frozen ices, WHOLE FRUIT frozen fruit bars, DOGSTERS, ¡Hola! Churros, THE FUNNEL CAKE FACTORY products, and various bakery brands [3]

Core Insights - J & J Snack Foods Corp. reported strong third-quarter results for the period ending June 28, 2025, with record performance in key financial metrics, including net sales of $454.3 million and adjusted EBITDA of $72.0 million, reflecting the resilience of the business and the strength of its diversified portfolio [3][6]. Financial Performance - Net sales increased by 3.3% year-over-year to $454.3 million, driven primarily by higher sales in the Food Service and Frozen Beverage segments [6]. - Gross profit rose to $150.0 million, up from $147.8 million in the prior year, although gross margin slightly declined from 33.6% to 33.0% due to lower margins in the Frozen Beverage segment [6][9]. - Operating income increased by 21% to $60.6 million, compared to $50.1 million in the prior year quarter, while adjusted operating income was $53.4 million, a slight increase from $53.1 million [9][36]. - Net earnings reached $44.2 million, a 22% increase from $36.3 million in the prior year, with earnings per diluted share at $2.26, up from $1.87 [9][27]. Segment Performance - Food Service segment sales increased by 4.8% to $277.2 million, with pretzel sales growing by 12.8% [7][15]. - Retail Supermarket segment sales decreased by 7.1% to $63.9 million, impacted by reduced promotional activity and capacity constraints due to a facility fire [4][15]. - Frozen Beverage segment sales rose by 6.1% to $113.3 million, with machine sales increasing significantly by 73.4% [7][15]. Cost Management - Total operating expenses were $89.4 million, representing 19.7% of sales, down from 22.2% in the prior year quarter, aided by a $10.6 million gain on insurance proceeds [8][9]. - Marketing and selling expenses increased slightly to $33.8 million, while distribution expenses decreased to $44.7 million due to cost optimization initiatives [14]. Future Outlook - The company remains cautious about the consumer environment and potential tariff-related risks, while focusing on execution and innovation with several key product launches planned for fiscal 2026 [5][6]. - The company is also making progress on healthier product innovations, including high-protein pretzels and clean-label novelties [5].

Company Announcement - J & J Snack Foods Corp. has scheduled a conference call and webcast to discuss its fiscal 2025 third quarter financial results on August 5, 2025, at 10:00 am Eastern time [1] - The company expects to release its fiscal third quarter results for the period ended June 28, 2025, in the morning on the same day [2] Conference Call Details - Participants must pre-register to receive the dial-in number and personal PIN required for accessing the conference call [2] - A live webcast of the call will be available on the company's investor relations website, with a recommendation to allow 15 minutes for registration and software installation [3] Company Overview - J & J Snack Foods Corp. is a leader and innovator in the snack food and frozen beverage industry, with over fifty years of experience [4] - The company specializes in various snack and beverage brands, including SUPERPRETZEL, ICEE, SLUSH PUPPIE, and Dippin' Dots, among others [4] - The brand portfolio also features LUIGI'S Real Italian Ice, MINUTE MAID frozen ices, WHOLE FRUIT frozen fruit bars, and several bakery brands [4]

Core Insights - J & J Snack Foods Corp. reported a 1% decline in net sales for the second quarter of fiscal 2025, totaling $356.1 million, primarily due to lower sales in the Frozen Beverage and Food Service segments, partially offset by growth in the Retail business [3][6][7]. Financial Performance - Net sales decreased by $3.6 million compared to the prior year, with gross profit falling by 12% to $95.7 million and operating income down 66% to $6.0 million [2][9]. - Net earnings were $4.8 million, a 64% decrease from the previous year, resulting in earnings per diluted share of $0.25, down from $0.69 [2][9]. - Adjusted operating income was $8.9 million, a 59% decline, while adjusted EBITDA decreased by 33% to $26.2 million [2][9]. Segment Performance - The Food Service segment saw a 1.7% decline in sales to $226.1 million, with churro sales down 18.7% due to the loss of limited-time offer volumes from the previous year [7][10]. - Retail Supermarket segment sales increased by 1.8% to $53.8 million, driven by a 14.7% increase in frozen novelties sales [7][11]. - Frozen Beverage segment sales decreased by 0.9% to $76.2 million, attributed to weakness in the theater channel and foreign exchange headwinds [7][12]. Cost and Expenses - Total operating expenses were $89.7 million, representing 25.2% of sales, slightly up from 25.1% in the prior year [8][9]. - Marketing expenses increased to $28.5 million, or 8.0% of sales, reflecting higher brand amortization costs [8][14]. - Distribution costs decreased to $41.8 million, or 11.7% of sales, down from 12.3% in the prior year [8][14]. Future Outlook - The company anticipates earnings improvement in the second half of fiscal 2025, driven by a rebound in theater traffic and selective price increases [5][6]. - North American box office sales are projected to rebound by 30% or more in the fiscal third quarter, following a 10% decline in the second quarter [5][6]. Shareholder Actions - The company repurchased approximately 39,000 shares for about $5.0 million, demonstrating confidence in long-term business value and commitment to enhancing shareholder value [6][9].