Earnings, sales rise at J&J Snack Foods
July 23, 2010
by Eric Schroeder
PENNSAUKEN, N.J. — Net income of J&J Snack Foods Corp. in the third quarter ended June 26 totaled $15,861,000, equal to 85c per share on the common stock, up 6% from $14,929,000, or 80c per share, in the same period a year ago. Sales in the quarter were $189,729,000, up 5% from $179,761,000 a year ago. Sales to food service customers increased $3,106,000, or 3%, in the third quarter, to $112,469,000. Driving more than 97% of that increase were sales of funnel cake fries to Burger King. Soft pretzel sales to the food service segment increased 1% to $25,349,000. Bakery product sales, excluding biscuit and dumpling sales and fruit and fig bars sales, increased $733,000, or 2%, driven by higher sales to private label customers. Biscuit and dumpling sales fell 7% to $6,667,000, while sales of fruit and fig bars fell 1% to $8,565,000. Frozen beverage and related product sales increased 8% to $53,148,000, with beverage sales accounting for $38,812,000 of that total.