J&J SNACK FOODS CORP (JJSF): restructuring charge — J&J Snack Foods plans plant closures; expects $12M-$20M in charges, $15M annual savings

J&J SNACK FOODS CORP

Plan to close manufacturing plants; completion expected in fiscal 2026.
Total pre-tax charges of $12M-$20M, including $4M-$8M asset write-downs, $2M-$3M severance, $6M-$9M other exit costs.
Annualized pre-tax cost savings of ~$15M from footprint optimization, part of previously announced transformation program.
Cash payments for severance and exit costs expected in Q4 2025 and into fiscal 2026.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

J&J SNACK FOODS CORP announced a restructuring with charges of between $12 million and $20 million affecting certain of its manufacturing plants.

Type: restructuring
Charge: between $12 million and $20 million
Affected area: certain of its manufacturing plants

Exact text from the filing

On August 28, 2025, J & J Snack Foods Corp. committed to a plan to strategically optimize the Company’s manufacturing footprint through, among other things, the closure of certain of its manufacturing plants. The contemplated closures will include asset write-down and write-off charges, severance and related benefits costs, and other exit and disposal costs. In connection with the planned closures, the Company expects to record total pre-tax plant closure and related asset impairment charges of between $12 million and $20 million in our fiscal fourth quarter of 2025 and into our fiscal year 2026.

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Source: SEC EDGAR

accession 0001437749-25-027951

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