secwatch.observer — SEC 8-K summary
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Issuer:     J&J SNACK FOODS CORP (JJSF)
CIK:        0000785956
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0001437749-22-010451
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

J&J Snack Foods Q2 net sales record $281.5M (+10% YoY) but EPS falls 46% to $0.17
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/785956/000143774922010451/0001437749-22-010451-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/785956/000143774922010451/jjsf20220429_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-010451

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer