J & J Snack Foods Corp. (NASDAQ-JJSF) yesterday announced record sales and earnings for its third quarter ended June 30, 2001.

Sales for the third quarter increased 14% to $100,970,000 from $88,888,000 in last year’s third quarter. Net earnings increased 15% to $5,778,000 compared to $5,010,000 last year. Operating income increased 11% to $9,592,000 from $8,620,000 a year ago. Earnings per diluted share were $.65 based on 8,891,000 shares for the quarter and $.56 based on 8,890,000 shares last year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

For the nine months ended June 30, 2001, sales increased 12% to $247,847,000 from $222,207,000 in last year’s period. Net earnings decreased 15% to $5,452,000 for the nine months compared to $6,416,000 last year. Operating income decreased 11% to $10,422,000 from $11,739,000 in the year ago period.

Earnings per diluted share were $.63 based on 8,700,000 shares for the nine months compared to $.70 based on 9,200,000 shares last year.

Gerald B. Shreiber, J & J’s President and Chief Executive Officer, commented; “We are pleased to see some significant progress in improving our operating and financial performance…we remain committed to further effort and a continuation of improving results.”

J & J Snack Foods Corp.’s principal products include SUPERPRETZEL soft pretzels, ICEE and ARCTIC BLAST frozen beverages, LUIGI’S, MAMA TISH’S, SHAPE-UPS, Minute Maid® and Hi-C® frozen juice bars and ices, TIO PEPE’S churros and MRS. GOODCOOKIE and CAMDEN CREEK cookies.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

J & J has manufacturing facilities in Pennsauken, Bridgeport and Bellmawr, New Jersey; Scranton and Hatfield, Pennsylvania; Carrollton, Texas and Vernon (Los Angeles), California. 

                    Three Months Ended           Nine Months Ended

                    ——————           —————–

                    June 30,     June 24,     June 30,      June 24,

                      2001        2000          2001          2000

                      —-        —-          —-          —-

Net Sales        $100,970,000  $88,888,000  $247,847,000  $222,207,000

Net Earnings     $  5,778,000  $ 5,010,000  $  5,452,000     6,416,000

Earnings Per

 Diluted

 Share                   $.65         $.56          $.63          $.70

Weighted

 Average

 Number

 of

 Diluted

 Shares             8,891,000    8,890,000     8,700,000     9,200,000

Earnings

 Per

 Basic

 Share                   $.68        $.57           $.64          $.72

Weighted

 Average

 Number

 of Basic

 Shares             8,540,000   8,728,000      8,463,000     8,915,000

The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s analysis only as of the date hereof. The Company undertakes no obligation to publicly revise or update these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Minute Maid and Hi-C are registered trademarks of The Coca-Cola Company.