J&J Snack income mostly flat from year ago

by Eric Schroeder
Share This:

PENNSAUKEN, N.J. — Net income of J&J Snack Foods Corp. in the first quarter ended Dec. 25 totaled $7,094,000, equal to 38c per share on the common stock, up narrowly from $7,091,000, or 38c, in the same period a year ago. Sales in the quarter were $155,632,000, up 4% from $149,102,000. Sales to food service customers increased $3,819,000, or 4%, in the first quarter, to $105,080,000. Soft pretzel sales to the food service segment increased less than 1%, to $24,384,000. Bakery product sales, excluding biscuit and dumpling sales and fruit and fig bars, increased $1,521,000, or 4%, driven by higher sales to private label customers. Biscuit and dumpling sales also rose, climbing 2% to $9,857,000. Sales of fruit and fig bars fell 23% during the quarter to $6,826,000, primarily due to lower sales to a single customer. “Our businesses, with the exception of our frozen beverages business, had a strong quarter,” said Gerald B. Shreiber, president and chief executive officer. “Our frozen beverages business, which includes ICEE, Arctic Blast, Slush Puppie and Parrot Ice was impacted by higher expenses.”

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.