J & J Snack Foods Reports Fiscal 2025 Second Quarter Results

About this update from J & J Snack Foods Corp.

[{"type":"text","content":"MOUNT LAUREL, N.J., May 06, 2025 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (NASDAQ: JJSF) (the “Company”) today reported financial results for the second quarter ended March 29, 2025. Second QuarterActuals$ vs. LY% vs. LYNet Sales$356.1M($3.6M)(1%)Gross Profit $95.7M($12.5M)(12%)Operating Income$6.0M($11.9M)(66%)Net Earnings$4.8M($8.5M)(64%)Earnings per Diluted Share $0.25($0.44)(64%) Adjusted Operating Income$8.9M($13.0M)(59%)Adjusted EBITDA$26.2M($13.1M)(33%)Adjusted Earnings per Diluted Share$0.35($0.49)(58%) This press release contains non-GAAP financial measures. Please refer to the Non-GAAP Financial Measures section below for reconciliations to the most comparable GAAP measures. Dan Fachner, J&J Snack Foods Chairman, President, and CEO stated, “J & J Snack Foods total net sales for our fiscal second quarter declined 1.0% to $356.1 million as compared to the prior year quarter, which primarily was driven by lower sales in our Frozen Beverage and Food Service segments, partly offset by growth in our Retail business. “Our second quarter performance was primarily impacted by three factors. First, theater channel weakness impacted volumes in our Frozen Beverage business and, to a lesser extent, our Food Service business. The Frozen Beverage segment also was impacted by foreign exchange headwinds. Second, Food Service sales declined primarily due to the conclusion of limited-time-offer churro volumes from a year ago. Third, we experienced continued cost inflation, which was mostly chocolate in our bakery business. “Despite the challenges in the quarter, we expect earnings to improve in the second half, driven by a rebound in theater traffic, as well as actions we are taking to implement additional price increases and to grow volume. North American box office sales, which are estimated to have declined by about 10% in our fiscal second quarter, are projected to rebound over the previous year by 30% or more during our fiscal third quarter. We have been pleased with the success of the Minecraft movie in April, which is evident in our U.S. Frozen Beverage volumes. Although we achieved price increases in the second quarter, the pace was slower than anticipated as we balanced price and volume considerations. We are implementing selective price increases in the third quarter. “Underscoring our confidence in the long-term value of th...

More updates from J & J Snack Foods Corp.