Welcome to our dedicated page for J&J Snack Foods news (Ticker: JJSF), a resource for investors and traders seeking the latest updates and insights on J&J Snack Foods stock.
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) reported a 15% decline in sales to $241 million for Q1 ended December 26, 2020, down from $282.9 million last year. Net earnings plummeted 90% to $1.8 million from $17.1 million, with diluted EPS at $0.09, down from $0.89. Operating income fell 97% to $578,000, affected by $730,000 in COVID-19 costs. The firm has $285 million in cash and marketable securities, but anticipates continued challenges from the pandemic, particularly in foodservice, which comprises two-thirds of its sales.
J & J Snack Foods Corp. (NASDAQ-JJSF) announced the retirement of Robert M. Radano, Senior Vice President and Chief Operating Officer, effective March 31, 2021. Radano, who joined the company in 1972, will remain until the end of the fiscal year while the company searches for his successor. President Dan Fachner expressed gratitude for Radano's years of service and contributions to the company's growth. J & J Snack Foods Corp. is a prominent player in the snack food industry, known for brands like SUPERPRETZEL and ICEE.
J & J Snack Foods Corp. (NASDAQ: JJSF) announced that its conference call to discuss Q1 2021 results is scheduled for January 26 at 10:00 AM ET. The company will release its results for the quarter ended December 26, 2020 on January 25 at 4:00 PM ET. J & J Snack Foods is a leader in the snack food industry, with over $1 billion in annual revenue and a strong portfolio of brands including SUPERPRETZEL and ICEE. The company aims to expand its unique product offerings and deliver smiles to families nationwide.
J & J Snack Foods Corp. (NASDAQ-JJSF) announced a quarterly cash dividend of $0.575 per share, payable on January 12, 2021. Shareholders of record as of December 21, 2020 will receive the dividend. The company, a leader in the snack food industry with over $1 billion in annual revenue, continues to focus on expanding its unique niche market. Its principal products include SUPERPRETZEL, ICEE, and LUIGI’S Real Italian Ice, among others, with approximately twenty manufacturing facilities across the nation.
J & J Snack Foods Corp. (NASDAQ-JJSF) reported a 19% decrease in Q4 sales, totaling $252.5 million, down from $311.9 million year-over-year. For the full year, sales fell 14% to $1.022 billion. Net earnings for Q4 dropped to $6.6 million ($.35 per diluted share), down from $26.1 million ($1.36 per diluted share) a year ago, while full-year earnings decreased 81% to $18.3 million ($.96 per diluted share). Despite challenges from COVID-19, the company experienced a 2/3 recovery in its sales with $278 million in cash and marketable securities, indicating no liquidity concerns.
J & J Snack Foods Corp. (NASDAQ: JJSF) will host a conference call on November 6, 2020, at 10:00 AM ET to discuss its fourth-quarter results for 2020. The results will be released on November 5, 2020, at 4:00 PM ET. JJSF, known for brands like SUPERPRETZEL and ICEE, operates approximately twenty manufacturing facilities and generates over $1 billion in annual revenue, showcasing a strong sales growth history and a focus on expanding its niche product offerings.
J & J Snack Foods Corp. (Nasdaq: JJSF) has granted an inducement grant of 1,579 restricted shares to Ken Plunk, who was appointed as the Company’s CFO on September 21, 2020. This grant, approved by the compensation committee, serves as an incentive for Mr. Plunk's employment. The shares will vest over three years, with one-third vesting on the first anniversary and the rest vesting annually thereafter, contingent upon Mr. Plunk's continued service. J & J Snack Foods is known for its innovative snack products like SUPERPRETZEL and ICEE.
J & J Snack Foods Corp. (NASDAQ: JJSF) has declared a regular quarterly cash dividend of $.575 per share. The dividend is payable on October 13, 2020, to shareholders of record by September 29, 2020. As an industry leader in the snack food sector, the company offers a variety of products, including SUPERPRETZEL, ICEE, and SOUR PATCH KIDS flavored ice pops. JJSF aims to continually expand its niche market offerings, serving both foodservice and retail supermarket outlets across the nation.
J & J Snack Foods Corp. (NASDAQ-JJSF) has announced the appointment of Ken Plunk as Senior Vice President and Chief Financial Officer, effective September 21, 2020. Mr. Plunk brings over 30 years of corporate finance experience from leadership roles at Walmart, Home Depot, and Coca-Cola. His extensive background includes overseeing financial operations on an international scale. Current CFO, Dennis Moore, will assist with the transition before his retirement. This leadership change is expected to strengthen J & J’s financial strategies and bolster its growth trajectory.
J&J Snack Foods Corp (NASDAQ: JJSF) has announced the launch of its SUPERPRETZEL® Filled Soft Pretzel Bites, available in three cheese flavors: Mozzarella, Pepper Jack, and Pub Cheese. These microwaveable snacks, containing 7 grams of protein per serving and baked, not fried, aim to capture the growing demand for easy, cheese-filled snacks, which represent nearly 40% of the frozen snack category. Priced between $4.99 and $5.99, they are positioned for home enjoyment during various occasions.
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