US: J&J Snack Foods books robust 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."
J & J Snack Foods has announced the resignation of Vincent Melchiorre, executive vice president of its food group and president of its Country Home Bakers subsidiary....
More to come......
J&J Snack Foods has booked a 24% jump in second-quarter earnings, boosted by a robust performance from both its retail and foodservice divisions. ...
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