|Over a month ago|
J & J Snack Foods reports Q3 EPS $1.51, consensus 79c » 16:0707/2607/26/21
Reports Q3 revenue…
Reports Q3 revenue $324.3M, consensus $304M. The overall sales environment improved significantly this quarter benefiting our business across all three segments. Food service venues are approaching pre-Covid capacity levels and more confident consumers are getting out of the house and spending more as the market normalizes. Our Food Service segment rebounded with 68% growth versus last year and exceeded fiscal 2019 sales by 1% led by strength in soft pretzels, churros, handhelds and bakery. Even as our food service business rebounds, we continue to see strength in our Retail segment where sales were just 6% below last year despite lapping a 38% growth in the prior year. Benchmarked against a pre-Covid fiscal 2019, retail sales grew 29% even as consumer trends shift out of the home. The Frozen Beverages business was 83% above prior year for the quarter which was a significant improvement when compared to Q2 of this year where sales were still 32% below the prior year. This growth was led by the amusement, c-store and mass merchandise channels. While theater attendance continues to lag 2019 levels, traffic and average ticket are improving and should further benefit our business down the road. Improved sales volume, product mix and a strong focus on cost efficiencies helped drive improved gross margins and profitability.
|Over a quarter ago|
J & J Snack Foods appoints Dan Fachner as Chief Executive Officer » 08:1705/1405/14/21
J & J Snack Foods…
J & J Snack Foods announced the appointment of Dan Fachner as Chief Executive Officer, effective May 11. Fachner currently serves as president, a role he assumed in May 2020 after a notable tenure with the company. Gerald Shreiber, will remain chairman of the board.
J & J Snack Foods reports Q2 EPS 32c, consensus 13c » 16:0304/2604/26/21
Reports Q2 revenue…
Reports Q2 revenue $256.2M, consensus $240.27M. Dan Fachner, J&J's President, commented, "I am starting to see some momentum in our business as key venues like theaters, amusement parks, sports arenas and schools start to open and increase capacity. Consumers are starting to get out of their homes with more confidence and enjoying experiences they have missed over the last year. Our products are well positioned for these encouraging trends, and we are excited about the opportunities ahead of us."
Fly Intel: After-Hours Movers » 18:5301/2501/25/21
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Check out this evening's…
J & J Snack Foods reports Q1 EPS 9c, two estimates 20c » 16:0301/2501/25/21
Reports Q1 revenue $241M,…
Reports Q1 revenue $241M, consensus $228.45M. Dan Fachner, J&J's president, commented, "These are unprecedented times, and I'm so proud of our employees, and their commitment to this Company and serving our customers and consumers each and every day. Consumers continue to stay at home which has driven strong growth in our retail segment, but closures and limited capacity food service venues are challenging sales in other parts of our business. Our balance sheet is strong, and we will continue to focus on driving cost efficiencies across our operations. We continue to be optimistic and remain confident that we are well positioned for future growth."