J J Snack Foods Stock Price, News & Analysis

J & J Snack Foods Corp. (NASDAQ-JJSF) announced a quarterly cash dividend of $0.575 per share, payable on January 12, 2021. Shareholders of record as of December 21, 2020 will receive the dividend. The company, a leader in the snack food industry with over $1 billion in annual revenue, continues to focus on expanding its unique niche market. Its principal products include SUPERPRETZEL, ICEE, and LUIGI’S Real Italian Ice, among others, with approximately twenty manufacturing facilities across the nation.

J & J Snack Foods Corp. (NASDAQ-JJSF) reported a 19% decrease in Q4 sales, totaling $252.5 million, down from $311.9 million year-over-year. For the full year, sales fell 14% to $1.022 billion. Net earnings for Q4 dropped to $6.6 million ($.35 per diluted share), down from $26.1 million ($1.36 per diluted share) a year ago, while full-year earnings decreased 81% to $18.3 million ($.96 per diluted share). Despite challenges from COVID-19, the company experienced a 2/3 recovery in its sales with $278 million in cash and marketable securities, indicating no liquidity concerns.

J & J Snack Foods Corp. (NASDAQ: JJSF) will host a conference call on November 6, 2020, at 10:00 AM ET to discuss its fourth-quarter results for 2020. The results will be released on November 5, 2020, at 4:00 PM ET. JJSF, known for brands like SUPERPRETZEL and ICEE, operates approximately twenty manufacturing facilities and generates over $1 billion in annual revenue, showcasing a strong sales growth history and a focus on expanding its niche product offerings.

J & J Snack Foods Corp. (Nasdaq: JJSF) has granted an inducement grant of 1,579 restricted shares to Ken Plunk, who was appointed as the Company’s CFO on September 21, 2020. This grant, approved by the compensation committee, serves as an incentive for Mr. Plunk's employment. The shares will vest over three years, with one-third vesting on the first anniversary and the rest vesting annually thereafter, contingent upon Mr. Plunk's continued service. J & J Snack Foods is known for its innovative snack products like SUPERPRETZEL and ICEE.

J & J Snack Foods Corp. (NASDAQ: JJSF) has declared a regular quarterly cash dividend of $.575 per share. The dividend is payable on October 13, 2020, to shareholders of record by September 29, 2020. As an industry leader in the snack food sector, the company offers a variety of products, including SUPERPRETZEL, ICEE, and SOUR PATCH KIDS flavored ice pops. JJSF aims to continually expand its niche market offerings, serving both foodservice and retail supermarket outlets across the nation.

J & J Snack Foods Corp. (NASDAQ-JJSF) has announced the appointment of Ken Plunk as Senior Vice President and Chief Financial Officer, effective September 21, 2020. Mr. Plunk brings over 30 years of corporate finance experience from leadership roles at Walmart, Home Depot, and Coca-Cola. His extensive background includes overseeing financial operations on an international scale. Current CFO, Dennis Moore, will assist with the transition before his retirement. This leadership change is expected to strengthen J & J’s financial strategies and bolster its growth trajectory.

J&J Snack Foods Corp (NASDAQ: JJSF) has announced the launch of its SUPERPRETZEL® Filled Soft Pretzel Bites, available in three cheese flavors: Mozzarella, Pepper Jack, and Pub Cheese. These microwaveable snacks, containing 7 grams of protein per serving and baked, not fried, aim to capture the growing demand for easy, cheese-filled snacks, which represent nearly 40% of the frozen snack category. Priced between $4.99 and $5.99, they are positioned for home enjoyment during various occasions.

J & J Snack Foods Corp. (NASDAQ-JJSF) reported a 34% decline in sales to $214.6 million for Q3 2020, with a net loss of $12.6 million compared to net earnings of $30.9 million in Q3 2019. For the first nine months, sales decreased 12% to $769.5 million, and net earnings fell 83% to $11.7 million. The company anticipates ongoing challenges from COVID-19, as approximately two-thirds of sales are from venues affected by shutdowns. Despite this, cash and marketable securities increased to $270 million, indicating no immediate liquidity concerns.

J & J Snack Foods Corp. (NASDAQ-JJSF) announced a conference call to discuss its Q3 2020 results on July 28, 2020, at 10:00 AM Eastern Time. The results for the quarter ending June 27, 2020, will be released on July 27, 2020, at 4:00 PM Eastern Time. J & J Snack Foods is a leader in the snack food industry with over $1 billion in annual revenue and has achieved record sales for 48 consecutive years. The company aims to expand its niche market offerings and continues to provide popular brands like SUPERPRETZEL and ICEE across the nation.