A modest lift in sales for US pretzel maker J & J Snack Foods failed to prevent a slide in profits for the first six months of the year.

Sales for the six months to 26 March increased 4% to US$318.4m, the company said yesterday (25 April).

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However, net earnings for the period fell 2% to $15.8m. Earnings per share dropped to $0.84 from $0.86 last year.

J & J said that its margins were hit by higher input costs, which ore than offset sales gains.

President and CEO Gerald Shreiber said: “Although our overall sales grew modestly, higher input costs and operating expenses impacted our profitability.”

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