J&J Snack Foods has booked an increase in full-year sales and earnings, as its top- and bottom-line benefited from the growth of core products including soft pretzels and churros.
In the 12 months to 29 September, sales increased 12% to US$839.8m. Excluding the contribution of an extra week of trading in the fourth-quarter, sales rose 10% in the period.
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Full-year net earnings also increased 12% to $52.4m, excluding a $6.6m one-off gain on “bargain grain”, up from $48.5m last year. Operating income rose 11% to $85m.
The company said the result was driven by higher sales of core products and increased distribution. J&J added it is well-positioned to continue to expand revenues in the coming year “and beyond”, having invested in expanding capacity at its production facilities in Texas, Missouri and New Jersey.
