earnings
confidence high
sentiment negative
materiality 0.70
J&J Snack Foods Q2 net sales record $281.5M (+10% YoY) but EPS falls 46% to $0.17
J&J SNACK FOODS CORP
2022-Q2 EPS reported
$0.75
revenue$600,003,000
- Net sales $281.5M (+9.9% YoY); operating income $4.1M (-43.5%); diluted EPS $0.17 (-46.3%).
- ERP system implementation in February caused ~$20M sales and ~$4.5M operating income one-time hit.
- Segment: Frozen Beverages sales +50% YoY; Food Service +4%; Retail -7%.
- Gross margin fell to 23.2% from 23.8% on inflation; price increases effective early April.
- Food Service operating income plunged 91% to $0.5M; Frozen Beverage swung to $2.5M income.