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J & J Snack Foods Corp. (NASDAQ: JJSF) announced a quarterly cash dividend of $0.735 per share, payable on July 9, 2024, to shareholders of record as of June 18, 2024. The Board of Directors' decision to declare dividends is influenced by factors such as net income, financial position, and cash requirements. J & J Snack Foods is noted for its diverse range of snack food products, including SUPERPRETZEL, ICEE, SLUSH PUPPIE, LUIGI'S Real Italian Ice, and more. The company remains a leader and innovator in the snack food industry, distributing its products nationwide in foodservice and retail supermarket outlets.
The ICEE Company, a subsidiary of J&J Snack Foods Corp. (NASDAQ: JJSF), has announced a new Froot Loops flavor in collaboration with WK Kellogg Co.
This mashup brings the nostalgic flavor of Froot Loops cereal into a frozen beverage, available at various retailers, including Target, Maverik, and Meijer Gas. The launch targets summer shoppers and aims to evoke childhood memories and fun.
According to Kimmra Hingher, VP of Marketing at ICEE, this collaboration taps into a growing trend of nostalgia-driven products, following last year's successful transformation of Cherry 'n Blue Razz ICEE into a cereal format.
Laura Newman, VP Brand Marketing at WK Kellogg Co, emphasized the nostalgic appeal of the new flavor, promising it will delight fans of both brands. The Froot Loops ICEE will roll out to more retailers and entertainment venues over the summer.
J&J Snack Foods Corp. (NASDAQ: JJSF) reported record fiscal second quarter revenue of $359.7 million, with net earnings of $13.3 million and EPS of $0.69. Adjusted EPS stood at $0.84, reflecting a significant increase over the prior year. The company experienced growth in all segments - Food Service, Retail, and Frozen Beverages. Strong performance was driven by higher volumes of core products, new business initiatives, and improved profit margins. Operating income, EBITDA, and net earnings all saw substantial growth, setting the company up for continued success in the future.