earnings
confidence high
sentiment positive
materiality 0.75
J&J Snack Foods Q4 net sales $323.1M (+28%); EPS $0.98 (+180%)
J&J SNACK FOODS CORP
2021-FY EPS reported
$2.91
revenue$1,144,579,000
- Net earnings rose 187% to $18.9M; full-year EPS $2.91 (+203%) on $1,145M sales (+12%).
- Operating income surged to $25.3M (Q4 '20: $3.9M) on sales leverage and favorable mix.
- Food Service sales exceeded Q4 '19 by 6%; Retail –9% vs Q4 '20 but +29% vs Q4 '19.
- Frozen Beverage sales +46% vs Q4 '20; theater channel remains slow but improving.
- Management cites margin pressure from commodity/freight/wage inflation; pricing actions underway.