J&J Snack Foods to increase prices again

by FoodBusinessNews.net Staff
Share This:

PENNSAUKEN, N.J. — J&J Snack Foods Corp. announced it will increase prices by as much as 12% for many of its products beginning in April as a result of commodity cost increases. This will be the company’s second price increase in a period of six months.

"While we continue to manage our company for the long term and are sensitive to the impact on our customers, we feel it necessary to take this additional pricing action because commodity costs have escalated sharply since we announced our previous increase," said Gerald B. Shreiber, J&J president and chief executive officer. "We will not allow our margins to deteriorate further without attempting to at least partially offset the continuing cost increases. While we hope that the commodity prices impacting us have reached their peak, we will evaluate the need for further pricing if commodity prices continue to escalate or our margins continue to decrease."

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.