J&J Snack Foods has posted a rise in third-quarter sales and earnings, the company said yesterday (27 July).
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The New Jersey-based company posted a 16% jump in net earnings to US$12.5m on the back of a identical rise in turnover to $162.5m.
The results were lapping third-quarter figures from fiscal 2006 that included a one-off charge of $1.2m. Stripping out that charge, third-quarter profit rose by 5%.
Nevertheless, like a number of US food firms, J&J said its numbers were hit by rising raw material costs.
“Although we benefited from positive results from both of our recently acquired companies, Hom/Ade Foods and Daddy Ray’s, and a strong showing by our Icee and Slush Puppie business, our quarter’s results were impacted by continuing escalating costs of commodities including flour and dairy products,” said J&J president and CEO Gerald Shreiber.
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