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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.
The ICEE Company, a subsidiary of J&J Snack Foods Corp. (NASDAQ: JJSF), has launched a new cereal in collaboration with Kellogg's, marking their first partnership. The Kellogg's ICEE Cereal is designed to deliver the iconic flavors of ICEE's Cherry and Blue Raspberry, featuring a unique ingredient that provides a cooling sensation. Positioned as a summertime cereal, the product aims to evoke nostalgia, appealing to consumers' desires to feel youthful. It will be available nationwide starting in April at a price of $5.29 for an 8.3-ounce box and $6.49 for a 13.2-ounce box. This innovation highlights J&J Snack Foods' commitment to product expansion within the snack food industry.
J&J Snack Foods, a prominent producer of SUPERPRETZEL, celebrates National Soft Pretzel Month in April, inviting enthusiasts to enjoy soft pretzels during this festive time.
The company, based in Philadelphia, has been in the pretzel business for over 50 years, producing more than 1 billion pretzels in 2022, including over 32 million for Wawa. J&J Snack Foods uses 175 million pounds of dough and 2,300 tons of salt annually for pretzel production.
They are launching special promotions via Instacart for National Soft Pretzel Day on April 26. Popular products include the 5-ounce SUPERPRETZEL King Size and the 6-count Original Fully Baked pack. More than 52,000 retail stores across the U.S. sell SUPERPRETZEL products.
J & J Snack Foods Corp. (NASDAQ: JJSF) has announced its conference call to discuss second quarter 2023 financial results, scheduled for May 2nd at 10:00 AM Eastern Time. The company will release its results for the quarter ended March 25th, 2023, on May 1st at approximately 4:15 PM Eastern Time. Interested participants are encouraged to pre-register through a provided link to obtain the necessary dial-in number and personal PIN for accessing the call. J & J Snack Foods continues to be a leader in the snack food and frozen beverage industry, serving a broad array of brands recognized across the U.S. market.
Dippin' Dots has launched a new product, the ICEE® Cherry 'n Blue Razz flavored ice, available nationwide. This product features a blend of classic cherry and blue raspberry flavors in Dippin' Dots' signature beaded ice form. The introduction follows J&J Snack Foods' acquisition of Dippin' Dots in June 2022, aiming to leverage both brands' strengths. CEO Dan Fachner reported strong initial sales, with nearly 400,000 servings sold during the coldest part of the year. The new flavor will be available throughout summer at various locations and online, appealing to both nostalgic fans and new customers.
Doc Popcorn, the largest fresh-popped popcorn franchise retailer, has launched a new limited-time flavor called Taco Te Amo, available nationwide through spring 2023. This flavor features a mix of taco seasonings including garlic and chili peppers, and is gluten-free with only 90 calories per serving. According to Martin Azambuya, the brand's director, this new offering aims to enhance the snacking experience. Doc Popcorn was acquired by J&J Snack Foods Corp (NASDAQ: JJSF) in 2022, a leader in the snack food industry for over 50 years. The company specializes in fresh, specialty popcorn made from high-quality ingredients.
J & J Snack Foods Corp. (JJSF) declared a quarterly cash dividend of $0.70 per share on February 15, 2023. This dividend is payable on April 11, 2023, to shareholders recorded by the close of business on March 21, 2023. The declaration and payment are at the discretion of the Board of Directors, contingent on factors like net income and financial position. J & J Snack Foods is a prominent player in the snack food sector, offering brands such as SUPERPRETZEL, ICEE, and MINUTE MAID. For further information, visit jjsnack.com.
J&J Snack Foods Corp. (NASDAQ: JJSF) reported Q1 2023 financial results, showing a 10.3% net sales increase to $351.3 million compared to Q1 2022. However, operating income was down 37.2% to $9.3 million, and net earnings fell 40.2% to $6.6 million, resulting in earnings per share of $0.34. Despite these challenges, Dippin’ Dots and the new Hola! Churros brand achieved significant sales growth. The company is focused on improving operational efficiencies and managing inflationary pressures, anticipating better margins as raw material prices stabilize.
J & J Snack Foods Corp. (NASDAQ: JJSF) has scheduled a conference call for January 31, 2023, at 10:00 AM ET to discuss its first quarter 2023 financial results. The company will release its results for the quarter ending December 24, 2022, on January 30 at approximately 4:15 PM ET. Interested participants must pre-register to obtain the dial-in number and personal PIN for the call. J & J Snack Foods is a leader in the snack food and frozen beverage industry, known for brands like SUPERPRETZEL, ICEE, and Dippin’ Dots.
JJSF reported strong financial results for Q4 and fiscal year 2022, with net sales reaching $400.4M in Q4, up 23.9% year-over-year, and $1.381B for the year, a 20.6% increase. However, operating income decreased 14.5% in Q4 and 13.2% for the year, driven by inflationary pressures. Net earnings for Q4 were $17.3M (-8.3%) and $47.2M (-15.1%) for the year. Adjusted EBITDA rose 3.7% in Q4, reflecting sales growth despite cost challenges. The company continues to focus on sales-centric initiatives while navigating a challenging environment.
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