J&J Snack Foods has reported higher sales and profits, with the US group seeing growth across each of its divisions.
The company generated net earnings of US$71.8m for the 12 months to 27 September, up 12% on a year earlier. Operating income increased 10% to $106.8m.
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The improved profits came in part on the back of an increase in sales. Net sales climbed 6% to $919.5m.
“Once again I am proud to say that all of our business groups contributed to our record quarter and year. We had continued sales growth in the overall soft pretzel category led by newer products such as pretzel rolls and sticks and improved profitability in our retail supermarket business. Our ICEE [frozen drinks] business continues to grow its managed service revenue posting another double-digit sales gain,” president and CEO Gerald Shreiber said.
