J&J Snack Foods achieves strong Q1 profits

J&J Snack Foods achieves strong Q1 profits

J&J Snack Foods, the US pretzel and cookie maker, has booked a jump in fiscal first-quarter profits on higher sales and lower ingredients costs.

The company yesterday (21 January) reported that first-quarter net earnings stood at US$7.1m after the three months to 26 December, up 64% on the year. Sales rose 6% to $149.1m.

President and CEO Gerals Schreiber said: "Lower ingredients and packaging costs, as well as new product sales and innovation, helped drive our results for the quarter. All of our business groups contributed to our record profits."