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J & J Snack Foods Corp. reports developments in branded snack foods, frozen beverages, frozen novelties and baked goods sold through foodservice and retail supermarket channels. Its portfolio includes SUPERPRETZEL soft pretzels, ICEE and SLUSH PUPPIE frozen beverages, DIPPIN’ DOTS ice cream, LUIGI’S Real Italian Ice, WHOLE FRUIT frozen fruit bars, churros, funnel cakes and bakery brands.
Recurring company updates cover quarterly operating results, segment trends in Food Service, Retail Supermarkets and Frozen Beverages, product launches and customer placements, distribution and marketing costs, manufacturing-footprint actions, cash dividends and share repurchase authorizations.
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.
J & J Snack Foods Corp. (NASDAQ-JJSF) announced a quarterly cash dividend of $.575 per share, payable on July 7, 2020, to shareholders on record as of June 15, 2020. The company, a leader in the snack food industry with over $1 billion in annual revenue, has reported record sales for 48 consecutive years. Known for popular products like SUPERPRETZEL and ICEE, JJSF continues to expand its niche market offerings.
J & J Snack Foods Corp. (NASDAQ-JJSF) announced the appointment of Dan Fachner as President of the company, effective immediately. Fachner, who continues as President and CEO of The ICEE Company, will oversee all aspects of J & J Snack Foods, reporting to Chairman Gerald B. Shreiber. Shreiber expressed confidence in Fachner's leadership abilities, emphasizing his experience and integrity. The announcement follows the resignation of Gerard Law from his position as Senior Vice President. J & J Snack Foods is known for its innovative snack foods, including SUPERPRETZEL and ICEE products.
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