earnings
confidence high
sentiment negative
materiality 0.75
J&J Snack Foods Q1 revenue up 10.3% to $351.3M, but EPS drops 41.4% to $0.34
J&J SNACK FOODS CORP
2023-Q1 EPS reported
$0.34
revenue$351,343,000
- Net sales $351.3M, +10.3% YoY; operating income $9.3M, -37.2% YoY.
- Net earnings $6.6M ($0.34 diluted EPS) vs $11.1M ($0.58) a year ago.
- Adjusted EPS $0.42, down 26.3%; adjusted EBITDA $25.3M, down 8.3%.
- Revenue growth driven by pricing and mix, but margins pressured by input cost inflation.
- Fiscal Q1 ended December 24, 2022; company cites supply chain and labor headwinds.