J J Snack Foods Stock Price, News & Analysis

J & J Snack Foods Corp. (NASDAQ: JJSF) has announced a 6% increase in its quarterly cash dividend. The Board of Directors has declared a dividend of $0.78 per share of common stock, up from the previous $0.735 per share. This dividend will be payable on October 8, 2024, to shareholders of record as of the close of business on September 17, 2024. The company emphasizes that dividend declarations and payments are subject to the Board's discretion and depend on various factors, including net income, financial position, cash requirements, and credit facility restrictions.

J&J Snack Foods Corp. (NASDAQ: JJSF) reported strong financial results for the third quarter ended June 29, 2024. The company achieved record quarterly revenue of $440.0 million, a 3.3% increase year-over-year. Net earnings rose to $36.3 million, with earnings per diluted share reaching $1.87. Adjusted EPS was $1.98.

Key highlights include:

• Food Service segment sales increased 3.7% to $264.4 million
• Retail segment sales grew 12.4% to $68.7 million
• Frozen Beverage segment sales declined 2.6% to $106.8 million
• Gross margin remained steady at 33.6%
• Adjusted EBITDA increased 6.3% to $70.9 million

The company saw growth in most core products, particularly in handhelds, frozen novelties, and bakery items. However, challenges in the theater channel due to the 2023 actors strike impacted some product sales.

J & J Snack Foods Corp. (NASDAQ: JJSF) has announced a conference call and webcast to discuss its fiscal 2024 third-quarter financial results. This event is scheduled for Tuesday, August 6, 2024, at 10:00 am Eastern time. Participants should pre-register via a provided link to receive the required dial-in number and personal PIN for access. The company's results for the fiscal third quarter, which ended on June 29, 2024, are expected to be released on Monday, August 5, 2024, at approximately 4:15 pm Eastern time. A live webcast will be available on the company's investor relations website.

J&J Snack Foods (NASDAQ: JJSF) announced a long-term partnership with Slick City to bring its popular brands, including Dippin' Dots, ¡Hola! Churros, SUPERPRETZEL, and ICEE, to Slick City locations nationwide. Guests at Slick City parks in Denver, St. Louis, Katy, and Peoria can now enjoy these snacks, with future locations in Denton, North Aurora, Wauwatosa, and Houston to follow. This collaboration aims to enhance the amusement experience, offering a variety of snacks to adventure seekers. The partnership aligns with J&J Snack Foods' commitment to delivering fun and delicious products.

Dan Fachner, CEO of J&J Snack Foods, and Bron Launsby, CEO of Slick City, both expressed excitement about the new offerings. This partnership marks a significant expansion for J&J Snack Foods into the family entertainment sector.

The ¡Hola! Churros Double Twisted Bites by J&J Snack Foods have been awarded the 'Best Frozen Dough' in the 2024 PEOPLE Food Awards. Launched in 2023, these treats are praised for their light, crispy texture and rich cinnamon-sugar flavor, and are widely available in various grocery retailers. Amanda Osorio, Sr. Director of Marketing – Bakery at J&J Snack Foods, noted this accolade as a testament to the company's commitment to delivering consumer-preferred products. J&J Snack Foods has been a leader in the snack food and frozen beverage industry for over fifty years, with a diverse portfolio including brands like SUPERPRETZEL, ICEE, and Dippin' Dots. For more details, visit jjsnack.com and churros.com.

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.