earnings
confidence high
sentiment positive
materiality 0.70
J&J Snack Foods Q1 net sales up 32% to $318.5M; EPS $0.58 vs $0.09
J&J SNACK FOODS CORP
2022-Q1 EPS reported
$0.58
revenue$318,490,000
- Net sales $318.5M (+32% YoY); EPS $0.58 (up 520% from $0.09); operating income $14.8M vs $0.6M.
- Food Service sales +32% (surpassed Q1'19 by 18%); Retail +9% (+36% vs Q1'19); Frozen Beverages +54%.
- Gross margin 25% (vs 21% prior year) but below 28% in 2019; inflation pressures continue.
- Four new production lines and additional price increases planned for fiscal 2022 to improve margins.
- Segment operating income: Food Service $9.0M (+46%), Retail $5.0M (+6%), Frozen Beverages $0.9M (vs -$10.3M loss).