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Noticias de JJSF
Eventos de JJSF
J&J Snack Foods Reports Q3 Revenue of $426M
Reports Q3 revenue $426M, consensus $429.05M. "Fiscal 2026 has been a year of disciplined transformation, and that work continued to pay off in the third quarter," said Dan Fachner, President, and CEO of J&J Snack Foods. "We delivered Adjusted EBITDA of $67.4 million and Adjusted earnings per diluted share of $1.96, even as freight and fuel costs increased approximately $4.7 million during the quarter. Most of the net sales decline in the third quarter was attributed to anticipated sales reductions in bakery, and lower machine and service sales in the Frozen Beverage segment. Gross margin expanded 240 basis points to 35.5%, and Apollo-driven plant consolidation savings are running ahead of plan, giving us the confidence to raise our annualized plant savings target by $5 million to at least $20 million and the full program target to $25 million. Looking ahead, we expect the sales environment to improve in the fourth quarter as our pipeline fills for core products and recent headwinds diminish. We remain confident that the progress we have made repositioning this business will support durable earnings and a return to top-line growth in fiscal 2027."
J&J Snack Foods Q2 Revenue $344.82M, Below Expectations
Reports Q2 revenue $344.82M, consensus $348.68M. "Our second quarter results demonstrate meaningful progress in our strategic transformation, with strong profitability improvements that position us well for the future," said Dan Fachner, Chairman, President, and CEO of J&J Snack Foods. "Our transformation initiatives and mix improvements enabled us to drive solid bottom line growth including a 9.5% increase in Adjusted EBITDA and a 14.3% increase in Adjusted earnings per share. These results clearly show that Project Apollo is delivering tangible benefits and improving our underlying business performance."
J&J Snack Foods Q1 Revenue $343.8M, Below Expectations
Reports Q1 revenue $343.8M, consensus $364.02M. "Our first quarter results reflect disciplined execution of our key priorities to drive profitability," said Dan Fachner, J&J Snack Foods Chairman, President, and CEO. "We are pleased to deliver 7% year-over-year growth in adjusted EBITDA and a 200 basis point expansion in gross margin despite a 5.2% decline in sales and a $1 million expense for product disposal. Our results were enabled by our Project Apollo initiatives including strategic portfolio rationalization of lower margin products within our bakery business."
J & J Snack Foods announces Q4 adjusted earnings per share of $1.58, surpassing consensus estimate of $1.24
Reports Q4 revenue $410.2M, consensus $419.07M. "We are pleased with our fourth quarter performance, delivering Adjusted EBITDA of $57.4 million on sales of $410.2 million despite some challenges during the summer. Both sales and adjusted EBITDA were down about 4% as compared to the prior year quarter," stated Dan Fachner, Chairman, President, and CEO. "The breadth of our portfolio remains a core competitive advantage and helped to mitigate the expected headwinds we faced in our Frozen Beverage business during the fourth quarter as we lapped strong volumes from a major movie release last year. Our pretzel business delivered outstanding results, with sales rising in both the Retail and Foodservice segments for consecutive quarters, and growth continued to be led by our Bavarian varieties."
Dippin' Dots Partners with Urban Air Adventure Parks
Dippin' Dots is the exclusive frozen treat provider at Urban Air Adventure Park. The new collaboration brings Dippin' Dots to all participating Urban Air locations nationwide. With more than 350 locations open or under development nationwide, Urban Air is an ideal partner for Dippin' Dots to continue expanding its presence in the family entertainment space.
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