J&J Snack Foods to increase prices again
February 27, 2008
by FoodBusinessNews.net Staff
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."