PENNSAUKEN, N.J., July 28, 2014 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (Nasdaq:JJSF) today announced sales and earnings for the third quarter ended June 28, 2014.
Sales increased 8% to $257.1 million from $237.0 million in last year's third quarter. Net earnings increased 12% to $23.7 million in the current quarter from $21.2 million last year. Earnings per diluted share increased 13% to $1.26 for the third quarter from $1.12 last year. Operating income increased 10% to $35.7 million in the current quarter from $32.4 million in the year ago quarter.
For the nine months ended June 28, 2014, sales increased 6% to $666.0 million from $629.8 million in last year's nine months. Net earnings increased 13% to $49.6 million in the nine months from $44.1 million last year. Earnings per diluted share increased to 13% to $2.64 for the nine months from $2.33 last year. Operating income increased 11% to $74.0 million from $66.6 million in the year ago period.
Gerald B. Shreiber, J & J's President and Chief Executive Officer, commented, "All of our business groups contributed to our record quarter. We had particular strong sales growth in our food service soft pretzel category led by our newer products such as pretzel rolls and sticks. Our ICEE group also had record sales and earnings and our retail grocery group had higher earnings as well." Full report.
