US: J&J Snack Foods Q1 profits rebound

By Chris Mercer | 29 January 2013

  • Q1 profits leap by 86% to US$10.2m
  • Sales up by 11% to $191.4m
  • Operating profits up by 78% to $15.1m
J&J books Q1 gains

J&J books Q1 gains

J&J Snack Foods has reported another rise in first-quarter sales and a rebound in profits.

The US snack maker reported net sales up by 11% for the three months to the end of December, to US$191.4m, mirroring its pace of growth in the same period of the previous year.

The difference in the current year was first-quarter profits leapt by 86% to $10.2m, more than recovering ground lost in the first three months of the firm's previous fiscal year.

Operating profits rose to 78% to $15.1m, said the group.

J&J's president and CEO, Gerald Schreiber, said: "Our foodservice and frozen beverage businesses performed well and helped establish record sales and earnings for the quarter."

Show the press release

Pennsauken, NJ, January 28, 2013 - - J & J Snack Foods Corp. (NASDAQ-JJSF) today announced sales and earnings for the first quarter ended December 29, 2012.
Sales increased 11% to $191.4 million from $172.7 million in last year’s first quarter. Net earnings increased 86% to $10.2 million in the current quarter from $5.5 million last year. Earnings per diluted share increased 86% to $.54 for the first quarter from $.29 last year. Operating income increased 78% to $15.1 million in the current quarter from $8.5 million in the year ago quarter.
Gerald B. Shreiber, J & J’s President and Chief Executive Officer, commented, “Our foodservice and frozen beverage businesses performed well and helped establish record sales and earnings for the quarter.”

Original source: http://www.jjsnack.com/jjdocumentbank/pdf/PR1QT13_1-28-13.pdf

Sectors: Bakery, Financials, Frozen, Ice cream, Snacks

View next/previous articles

Currently reading -

US: J&J Snack Foods Q1 profits rebound

There are currently no comments on this article

Be the first to comment on this article

Related research

Nuts & Seeds Market in United Kingdom to 2016

The report presents detailed data on consumption trends in the Nuts & Seeds category in United Kingdom, analyzing consumption volumes and values at segment level. It also provides indispensable data on distribution channels, profiles of companies act...

Meat Snacks Market in United Kingdom to 2016

The report presents detailed data on consumption trends in the Meat Snacks category in United Kingdom, analyzing consumption volumes and values. It also provides indispensable data on distribution channels, profiles of companies active in the Savory ...

Ethnic/Traditional Snacks Market in United Kingdom to 2016

The report presents detailed data on consumption trends in the Ethnic/Traditional Snacks category in United Kingdom, analyzing consumption volumes and values. It also provides indispensable data on distribution channels, profiles of companies active ...

Related articles

On the money: B&G Foods only open to "compelling" M&A offers

B&G Foods has said it will continue to look at acquisition opportunities, despite making three in nine months, but said any it makes will have to be "very compelling".

US: B&G Foods to buy snack firm Pirate Brands

US group B&G Foods has entered into an agreement to acquire all-natural snack company Robert's American Gourmet Food, also known as Pirate Brands.

US: J&J Snack Foods sees H1 earnings rise

J&J Snack Foods has booked a jump in first-half earnings, driven by higher sales, lower costs and an increase in investment income.

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page