earnings
confidence high
sentiment negative
materiality 0.75
J&J Snack Foods Q3 net sales down 6.2% YoY; EPS falls 16.8% to $1.88
J&J SNACK FOODS CORP
- Net sales $426.0M, down $28.3M (-6.2%) vs prior year; gross profit $151.0M, up 0.6%.
- Operating income $46.3M, down 23.6%; net earnings $35.3M, down 20.1%.
- GAAP diluted EPS $1.88, down $0.38 (-16.8%); adjusted diluted EPS $1.96, down 2.0%.
- Adjusted EBITDA $67.4M, down 6.4%; prior year included $9.1M non-recurring insurance gain.
- CEO Dan Fachner cited challenging consumer environment and soft retail traffic.