US snack manufacturer J&J Snack Foods has seen its quarterly earnings more than double on the back of an 8% rise in sales.
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The New Jersey-based firm yesterday (22 January) booked net earnings of US$4.3m for the three months to 27 December – up from $1.9m a year ago.
Operating income jumped from $2.3m to $6.8m, the company said.
Sales, meanwhile, rose 8% to $141.1m.
President and CEO Gerald Shreiber said the company was “gratified” by its performance during the quarter.
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By GlobalData“Improved results from each of our major business groups, foodservice, retail supermarkets and frozen beverages, contributed to the increased earnings in the period,” Shreiber said.
J&J makes a range of pretzels, biscuits and fruit bars, as well as making frozen beverages under Coca-Cola Co.’s Minute Maid brand under licence.
