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J&J Snack Foods Corp. (NASDAQ: JJSF) is a prominent player in the snack food and frozen beverage industry. Established over fifty years ago, the company specializes in producing and marketing an array of nutrition-focused and affordable branded niche snack foods and beverages. These products are distributed widely across foodservice and retail supermarket outlets nationwide.
J&J Snack Foods' extensive product portfolio includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies, and bakery goods. Some of the company’s key brands are SUPERPRETZEL, the leading soft pretzel brand; ICEE and SLUSH PUPPIE frozen beverages; Dippin' Dots, the original beaded ice cream; and LUIGI'S Real Italian Ice. Other notable brands include MINUTE MAID* frozen juice bars, WHOLE FRUIT fruit bars, and MARY B'S biscuits and dumplings.
The company operates in three primary business segments: food service, retail supermarkets, and frozen beverages. The food service segment offers a variety of snacks, desserts, and baked goods at point-of-sale locations. The retail supermarket segment provides frozen and prepackaged products directly to supermarkets. The frozen beverages segment markets products like ICEE and Slush Puppie across the United States, Mexico, and Canada.
Recent notable achievements include the acquisition of Thinsters, a brand known for its thin, crunchy, bite-sized cookies made with real, simple ingredients. This acquisition aligns with J&J Snack Foods’ strategic goal of expanding its diverse snack offerings. Furthermore, the company has launched new and innovative products such as the Froot Loops ICEE in collaboration with WK Kellogg Co., and Dogsters pumpkin flavored ice cream style treats for dogs.
J&J Snack Foods continues to leverage its strong brand portfolio and innovative product introductions to maintain its leadership in the snack food and frozen beverage industry. For more information, please visit www.jjsnack.com.
J & J Snack Foods (NASDAQ: JJSF) has declared a quarterly cash dividend of $0.78 per share of common stock, payable on April 8, 2025, to shareholders of record as of March 18, 2025. The dividend payment is subject to Board discretion and various factors including net income, financial position, and cash requirements.
The company is a leader in the snack food industry, providing branded snack foods and beverages to foodservice and retail supermarket outlets. Their principal products include SUPERPRETZEL, ICEE, SLUSH PUPPIE frozen beverages, LUIGI'S Real Italian Ice, MINUTE MAID frozen ices, WHOLE FRUIT sorbet, DIPPIN' DOTS ice cream, Hola! CHURROS, and THE FUNNEL CAKE FACTORY funnel cakes, along with several bakery brands under DADDY RAY'S, COUNTRY HOME BAKERS and HILL & VALLEY.
J & J Snack Foods reported Q1 fiscal 2025 results with net sales increasing 4.1% to $362.6M. Despite revenue growth across all segments, the company faced challenges with gross profit declining 0.7% to $93.9M and operating income dropping 35.6% to $6.2M. Net earnings decreased 29.4% to $5.1M.
Performance was impacted by unfavorable sales mix in bakery and churros business, along with input cost inflation not fully covered by price increases. The company announced a new $50M stock repurchase authorization effective for two years. Food Services sales grew 4.5%, Retail Supermarket sales increased 2.2%, and Frozen Beverage segment sales rose 4.0%. Dippin' Dots sales showed strong growth of 8.4%.
The company has implemented additional pricing actions in Q2 and expanded leadership roles with new Chief Customer Officer and Chief Operating Officer positions to improve operations and accelerate business performance.
J & J Snack Foods (NASDAQ: JJSF) has announced a conference call and webcast scheduled for Tuesday, February 4, 2025, at 10:00 am Eastern time to discuss its fiscal 2025 first quarter financial results. The company plans to release its results for the quarter ended December 28, 2024, on Monday, February 3, 2025, at approximately 4:15 pm Eastern time.
Participants interested in the conference call must pre-register through a provided Registration Link to receive the dial-in number and personal PIN. Questions will only be taken from conference call participants. A live webcast will be accessible through the company's investor relations website, with 15 minutes recommended for software setup.
J & J Snack Foods (NASDAQ: JJSF) has appointed Shawn Munsell as Chief Financial Officer, effective December 2, 2024, replacing retiring Ken Plunk. Munsell brings over 15 years of finance and operating leadership experience, most recently serving as CFO at Calavo Growers. At Calavo, he led finance initiatives including strategic divestiture and implementation of new financial systems. Previously, he held senior positions at Tyson Foods, including Division CFO of the $14 billion poultry division, and worked at CF Industries. He holds a BA in Economics and an MBA from The University of Chicago Booth School of Business.
J & J Snack Foods Corp. (NASDAQ: JJSF) has announced a quarterly cash dividend of $0.78 per share of common stock. The dividend will be payable on January 7, 2025, to shareholders of record as of December 17, 2024. The company is a leader in the snack food industry, producing popular brands including SUPERPRETZEL, ICEE, SLUSH PUPPIE, LUIGI'S Real Italian Ice, MINUTE MAID frozen ices, DIPPIN' DOTS ice cream, and various bakery products. Dividend payments are subject to Board discretion and depend on factors such as net income, financial position, and cash requirements.
J&J Snack Foods reported Q4 fiscal 2024 results with revenue of $426.8M, down 3.9% year-over-year, while full-year revenue increased 1.0% to $1.57B. Q4 net earnings were $29.6M with diluted EPS of $1.52. Full-year performance showed improved profitability with net earnings of $86.6M, up 9.7%, and gross margin of 30.9%. The company faced challenges in Q4 including softer consumer spending and production inefficiencies, but demonstrated strong operational improvements throughout the year with record annual sales and gross profit.
Dippin' Dots, the original beaded ice cream brand, announces its first expansion into grocery retail with new Ice Cream Sundaes. The product will launch at Kroger in January 2025, featuring two flavors: Cookies 'n Cream and Cotton Candy. Each three-tiered sundae includes beaded ice cream, cookie pieces, and flavored sauce. The product will be sold in boxes of four 4-ounce cups at a suggested retail price of $6.99. This marks the brand's first venture into the grocery freezer space, with plans to expand to additional retailers throughout 2025.
J & J Snack Foods Corp. (NASDAQ: JJSF) has announced a conference call and webcast to discuss its fiscal 2024 fourth quarter financial results on Thursday, November 14, 2024, at 10:00 am Eastern time. Participants are required to pre-register for the conference call to receive the dial-in number and personal PIN. A live webcast will be accessible on the Company's investor relations website. The Company plans to release its results for the 2024 fiscal fourth quarter and full year ended September 28, 2024, at approximately 4:15 pm Eastern time on Wednesday, November 13, 2024.
J & J Snack Foods Corp. (NASDAQ: JJSF) has announced a 6% increase in its quarterly cash dividend. The Board of Directors has declared a dividend of $0.78 per share of common stock, up from the previous $0.735 per share. This dividend will be payable on October 8, 2024, to shareholders of record as of the close of business on September 17, 2024. The company emphasizes that dividend declarations and payments are subject to the Board's discretion and depend on various factors, including net income, financial position, cash requirements, and credit facility restrictions.
J&J Snack Foods Corp. (NASDAQ: JJSF) reported strong financial results for the third quarter ended June 29, 2024. The company achieved record quarterly revenue of $440.0 million, a 3.3% increase year-over-year. Net earnings rose to $36.3 million, with earnings per diluted share reaching $1.87. Adjusted EPS was $1.98.
Key highlights include:
- Food Service segment sales increased 3.7% to $264.4 million
- Retail segment sales grew 12.4% to $68.7 million
- Frozen Beverage segment sales declined 2.6% to $106.8 million
- Gross margin remained steady at 33.6%
- Adjusted EBITDA increased 6.3% to $70.9 million
The company saw growth in most core products, particularly in handhelds, frozen novelties, and bakery items. However, challenges in the theater channel due to the 2023 actors strike impacted some product sales.