Business
J & J Snack Foods Reports Fiscal 2026 First Quarter Results
Announces new $50 million share repurchase authorization MOUNT LAUREL, N.J., Feb. 03, 2026 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (Nasdaq: JJSF) today
About this update from J & J Snack Foods Corp.
[{"type":"text","content":"Announces new $50 million share repurchase authorization\nMOUNT LAUREL, N.J., Feb. 03, 2026 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (Nasdaq: JJSF) today reported financial results for the first quarter ended December 27, 2025. First QuarterActuals$ v. LY% v. LYNet Sales$343.8M$(18.8M)(5.2%)Gross Profit$96.0M$2.1M2.2%Operating Income$0.6M($5.6M)(89.8%)Net Earnings$0.9M($4.3M)(82.8%)Earnings per Diluted Share$0.05($0.21)(80.8%) Adjusted Operating Income$8.0M($0.2M)(2.4%)Adjusted EBITDA$27.0M$1.8M7.0%Adjusted Earnings per Diluted Share$0.33$0.000.0% 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. “Our first quarter results reflect disciplined execution of our key priorities to drive profitability,” said Dan Fachner, J&J Snack Foods Chairman, President, and CEO. “We are pleased to deliver 7% year-over-year growth in adjusted EBITDA and a 200 basis point expansion in gross margin despite a 5.2% decline in sales and a $1 million expense for product disposal. Our results were enabled by our Project Apollo initiatives including strategic portfolio rationalization of lower margin products within our bakery business.” “We remain optimistic about our trajectory and have several exciting commercial initiatives underway. The momentum in our pretzel business from the second half of fiscal 2025 continued in the first quarter. We have several innovative product launches that will reach customers in the second quarter, including Dippin’ Dots products for retail, as well as pretzel and frozen novelty products centered around better-for-you attributes. Project Apollo, our business transformation program, is progressing and we are on track to deliver the $20 million of annualized savings we outlined last quarter. Underscoring our confidence in the future and our focus on driving long-term value, we repurchased $42 million of stock during the first quarter and today are announcing a new $50 million repurchase authorization.” First Quarter Results Net sales decreased 5.2% from the prior year quarter to $343.8 million, with most of the decline attributable to our bakery business and strategic portfolio rationalization efforts. Food Service segment net sales decreased 8.3%Retail Supermarket segment net sales increased 2.6...