J & J Snack Foods Reports First Quarter Sales And Earnings
Source J & J Snack Foods
PENNSAUKEN, N.J., Jan. 23, 2017 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (NASDAQ:JJSF) today announced sales and earnings for the first quarter ended December 24, 2016.
Sales increased 1% to $225.6 million from $222.8 million in last year’s first quarter. Net earnings increased 4% to $13.5 million in the current quarter from $13.0 million last year. Earnings per diluted share increased 4% to $.72 for the first quarter from $.69 last year. Operating income increased 5% to $19.3 million in the current quarter from $18.4 million in the year ago quarter.
Gerald B. Shreiber, J & J’s President and Chief Executive Officer, commented, “Overall, we are satisfied with our results for the quarter. Our food service business did particularly well led by strong sales of soft pretzels.”
J&J Snack Foods Corp. is a leader and innovator in the snack food industry, providing nutritional and affordable branded niche snack foods and beverages to foodservice and retail supermarket outlets. Manufactured and distributed nationwide, our principal products include SUPERPRETZEL, BAVARIAN BAKERY and other soft pretzels, ICEE and SLUSH PUPPIE frozen beverages, LUIGI’S, PHILLY SWIRL, MINUTE MAID* frozen juice bars and ices, WHOLE FRUIT sorbet and frozen fruit bars, MARY B’S biscuits and dumplings, DADDY RAY’S fig and fruit bars, CALIFORNIA CHURROS and TIO PEPE’S churros, PATIO Burritos and other handheld sandwiches, THE FUNNEL CAKE FACTORY funnel cakes, and several cookie brands within COUNTRY HOME BAKERS. For more information, please visit us at www.jjsnack.com.
