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.

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