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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 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.
J & J Snack Foods Corp. (NASDAQ: JJSF) has declared a quarterly cash dividend of $0.70 per share, payable on January 10, 2023, to shareholders of record by December 19, 2022. The Board's decision on dividends depends on various factors, including the company's net income and financial position. J & J Snack Foods is a leader in the snack food industry, offering popular products such as SUPERPRETZEL and ICEE. The company focuses on delivering innovative snack solutions to foodservice and retail markets across the nation.
Doc Popcorn has launched a new seasonal flavor, Sugar N' Spice, available at its locations nationwide until January 2023. This flavor combines vanilla, cinnamon, and cocoa, catering to holiday festivities. It's gluten-free and kosher certified, appealing to a wide audience. Dan Fachner, CEO of J&J Snack Foods, expressed excitement about this addition, predicting it will be a seasonal favorite. This flavor joins an array of existing options, reinforcing Doc Popcorn's commitment to high-quality, better-for-you snacks.
J & J Snack Foods Corp. (NASDAQ: JJSF) announced that its conference call to discuss fourth quarter 2022 results will take place on November 15 at 10:00 AM ET. The company plans to release its quarterly results on November 14 at approximately 4:15 PM ET. J & J Snack Foods is a leader in the snack food industry, known for brands like SUPERPRETZEL, ICEE, and DIPPIN’ DOTS. The conference call registration is available via a provided link. For more information about the company and its products, visit their official website.
Dippin' Dots has opened its third franchised location in Times Square, New York, through franchisee Neil Hershman. This co-branded store with Doc Popcorn, located at 234 W. 42nd Street, aims to attract over 50 million annual visitors to the iconic area. Hershman previously opened stores in the Flatiron District and Downtown Brooklyn. Dippin' Dots, now owned by J&J Snack Foods Corp (NASDAQ: JJSF), is known for its innovative freeze-dried ice cream, while Doc Popcorn offers specialty popcorn. Both brands are geared towards enhancing the snack food experience for tourists and locals alike.
Mary Meder joins J & J Snack Foods Corp. Board of Directors
Effective September 1, 2022, Mary Meder has been appointed to the Board of Directors of J & J Snack Foods Corp. (NASDAQ: JJSF), increasing the board's membership to eight. Meder, with over 35 years in business and marketing, is currently President at Harmelin Media, where she significantly grew the agency. Her expertise encompasses organic growth strategies and digital media, aligning with the company's goals for expansion and innovation.
J & J Snack Foods Corp. (NASDAQ: JJSF) has declared a quarterly cash dividend of $0.70 per share, payable on October 11, 2022, to shareholders of record by September 19, 2022. This represents a 10.6% increase from the previous dividend of $0.633 per share. The dividend declarations depend on various factors, including net income and financial position. J & J Snack Foods is an innovator in the snack food industry, with popular brands like SUPERPRETZEL and ICEE, providing a range of affordable snack foods nationwide.
J & J Snack Foods Corp. (NASDAQ: JJSF) reported solid financial results for Q3 2022, achieving net sales of $380.2 million, a 17.2% increase year-over-year. Operating income decreased 44.3% to $21.3 million, primarily due to a $3.1 million acquisition cost from Dippin’ Dots. Net earnings fell 46.1% to $15.6 million, while earnings per share (EPS) dropped 46.4% to $0.81. The company showed strength across all segments, with significant sales growth in frozen beverages and food services, despite ongoing inflationary pressures impacting cost margins.
J & J Snack Foods Corp. (NASDAQ-JJSF) has scheduled a conference call for August 3, 2022, at 9:00 AM ET to discuss its third-quarter 2022 results. Expected results for the quarter ending June 25, 2022, will be publicly released on August 2, 2022, at 4:15 PM ET. The call can be accessed via phone at 1 (866) 374-5140, using the PIN 96128197#. JJSF is a key player in the snack food sector, generating over $1 billion in revenue annually, with popular products like SUPERPRETZEL and ICEE.
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