J&J Snack Foods has booked a 24% jump in second-quarter earnings, boosted by a robust performance from both its retail and foodservice divisions.
The nutritional snack maker said that net earnings rose to US$9m in the quarter, up from $7.2m in the comparable period of last year. EPS rose to $0.48, from $0.39 last year.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
J&J also booked a strong sales performance, with total revenue rising 5% from $149.4m to $157.4m, the company said in a regulatory filing yesterday (22 April).
“Strong performances by our food service and retail supermarket groups contributed to our record quarter,” Gerald Shreiber, president and CEO, said.
Shreiber emphasised that the group was focused on strengthening its senior management team and ramping up innovation to drive growth.
“Despite the current challenges in the economy, we are optimistic for the future,” he said.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataFor the first half of the year, J&J said net earnings rose from $11.6m to $16.1m on sales that were up 5% for the six months.
