Net earnings at J&J Snack Foods increased by 26% in the first quarter to US$3.8m on the back of a 5% increase in sales, which rose to US$114.1m from $108.6m.
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Earnings per diluted share were $0.20 for the quarter compared to $0.16 the previous year. Operating income increased 22% to $5.1m in the current quarter from $4.2m in the year ago quarter.
Gerald Shreiber, president a CEO of the pretzel maker, said: “All of our business units contributed to the successful quarter. We are hopeful of continuing this performance for this fiscal year and beyond.”
