Welcome to our dedicated page for J J Snack Foods news (Ticker: JJSF), a resource for investors and traders seeking the latest updates and insights on J J Snack Foods stock.
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 (NASDAQ: JJSF) has announced a conference call and webcast scheduled for Tuesday, February 4, 2025, at 10:00 am Eastern time to discuss its fiscal 2025 first quarter financial results. The company plans to release its results for the quarter ended December 28, 2024, on Monday, February 3, 2025, at approximately 4:15 pm Eastern time.
Participants interested in the conference call must pre-register through a provided Registration Link to receive the dial-in number and personal PIN. Questions will only be taken from conference call participants. A live webcast will be accessible through the company's investor relations website, with 15 minutes recommended for software setup.
J & J Snack Foods (NASDAQ: JJSF) has appointed Shawn Munsell as Chief Financial Officer, effective December 2, 2024, replacing retiring Ken Plunk. Munsell brings over 15 years of finance and operating leadership experience, most recently serving as CFO at Calavo Growers. At Calavo, he led finance initiatives including strategic divestiture and implementation of new financial systems. Previously, he held senior positions at Tyson Foods, including Division CFO of the $14 billion poultry division, and worked at CF Industries. He holds a BA in Economics and an MBA from The University of Chicago Booth School of Business.
J & J Snack Foods Corp. (NASDAQ: JJSF) has announced a quarterly cash dividend of $0.78 per share of common stock. The dividend will be payable on January 7, 2025, to shareholders of record as of December 17, 2024. The company is a leader in the snack food industry, producing popular brands including SUPERPRETZEL, ICEE, SLUSH PUPPIE, LUIGI'S Real Italian Ice, MINUTE MAID frozen ices, DIPPIN' DOTS ice cream, and various bakery products. Dividend payments are subject to Board discretion and depend on factors such as net income, financial position, and cash requirements.
J&J Snack Foods reported Q4 fiscal 2024 results with revenue of $426.8M, down 3.9% year-over-year, while full-year revenue increased 1.0% to $1.57B. Q4 net earnings were $29.6M with diluted EPS of $1.52. Full-year performance showed improved profitability with net earnings of $86.6M, up 9.7%, and gross margin of 30.9%. The company faced challenges in Q4 including softer consumer spending and production inefficiencies, but demonstrated strong operational improvements throughout the year with record annual sales and gross profit.
Dippin' Dots, the original beaded ice cream brand, announces its first expansion into grocery retail with new Ice Cream Sundaes. The product will launch at Kroger in January 2025, featuring two flavors: Cookies 'n Cream and Cotton Candy. Each three-tiered sundae includes beaded ice cream, cookie pieces, and flavored sauce. The product will be sold in boxes of four 4-ounce cups at a suggested retail price of $6.99. This marks the brand's first venture into the grocery freezer space, with plans to expand to additional retailers throughout 2025.
J & J Snack Foods Corp. (NASDAQ: JJSF) has announced a conference call and webcast to discuss its fiscal 2024 fourth quarter financial results on Thursday, November 14, 2024, at 10:00 am Eastern time. Participants are required to pre-register for the conference call to receive the dial-in number and personal PIN. A live webcast will be accessible on the Company's investor relations website. The Company plans to release its results for the 2024 fiscal fourth quarter and full year ended September 28, 2024, at approximately 4:15 pm Eastern time on Wednesday, November 13, 2024.
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.