J J Snack Foods Stock Price, News & Analysis

Dippin' Dots has opened its third franchised location in Times Square, New York, through franchisee Neil Hershman. This co-branded store with Doc Popcorn, located at 234 W. 42nd Street, aims to attract over 50 million annual visitors to the iconic area. Hershman previously opened stores in the Flatiron District and Downtown Brooklyn. Dippin' Dots, now owned by J&J Snack Foods Corp (NASDAQ: JJSF), is known for its innovative freeze-dried ice cream, while Doc Popcorn offers specialty popcorn. Both brands are geared towards enhancing the snack food experience for tourists and locals alike.

Mary Meder joins J & J Snack Foods Corp. Board of Directors

Effective September 1, 2022, Mary Meder has been appointed to the Board of Directors of J & J Snack Foods Corp. (NASDAQ: JJSF), increasing the board's membership to eight. Meder, with over 35 years in business and marketing, is currently President at Harmelin Media, where she significantly grew the agency. Her expertise encompasses organic growth strategies and digital media, aligning with the company's goals for expansion and innovation.

J & J Snack Foods Corp. (NASDAQ: JJSF) has declared a quarterly cash dividend of $0.70 per share, payable on October 11, 2022, to shareholders of record by September 19, 2022. This represents a 10.6% increase from the previous dividend of $0.633 per share. The dividend declarations depend on various factors, including net income and financial position. J & J Snack Foods is an innovator in the snack food industry, with popular brands like SUPERPRETZEL and ICEE, providing a range of affordable snack foods nationwide.

J & J Snack Foods Corp. (NASDAQ: JJSF) reported solid financial results for Q3 2022, achieving net sales of $380.2 million, a 17.2% increase year-over-year. Operating income decreased 44.3% to $21.3 million, primarily due to a $3.1 million acquisition cost from Dippin’ Dots. Net earnings fell 46.1% to $15.6 million, while earnings per share (EPS) dropped 46.4% to $0.81. The company showed strength across all segments, with significant sales growth in frozen beverages and food services, despite ongoing inflationary pressures impacting cost margins.

J & J Snack Foods Corp. (NASDAQ-JJSF) has scheduled a conference call for August 3, 2022, at 9:00 AM ET to discuss its third-quarter 2022 results. Expected results for the quarter ending June 25, 2022, will be publicly released on August 2, 2022, at 4:15 PM ET. The call can be accessed via phone at 1 (866) 374-5140, using the PIN 96128197#. JJSF is a key player in the snack food sector, generating over $1 billion in revenue annually, with popular products like SUPERPRETZEL and ICEE.

JJSF has completed its largest acquisition in over 50 years, acquiring Dippin’ Dots and Doc Popcorn. This strategic move aims to enhance JJSF's presence in entertainment venues and capitalize on the iconic brand's popularity. The acquisition is expected to leverage synergies and expand JJSF's product offerings in the snack food market.

J&J Snack Foods Corp. (NASDAQ: JJSF) appointed Dan Fachner and Roy Jackson to its Board of Directors, effective May 19, 2022. Fachner, the current President and CEO, previously led The ICEE Company’s growth. Jackson brings 25 years in the foodservice sector, having worked with major companies like PepsiCo and YUM! Brands. The board now consists of seven members, enhancing the company’s governance and operational strategy. Additionally, JJSF declared a quarterly cash dividend of $0.633 per share, payable on July 11, 2022, to shareholders recorded by June 20, 2022.

J&J Snack Foods Corp. (NASDAQ: JJSF) has announced the acquisition of Dippin' Dots, L.L.C. for $222 million, which is expected to enhance J&J's production and distribution capacity. The deal will be financed through cash and senior debt and is anticipated to be accretive to J&J's annual operating results. The acquisition aligns with J&J's strategic portfolio, leveraging synergies in entertainment locations and expanding the customer base. It is projected to increase earnings per share by $0.30 to $0.40 within the first year of closing.

J&J Snack Foods Corp. (NASDAQ: JJSF) reported a record $281.5 million in second-quarter net sales for FY 2022, a 10% increase year-over-year. Despite strong sales, operating income fell 43.5% to $4.1 million, and net earnings dropped 46% to $3.3 million, largely due to ERP implementation challenges and ongoing inflationary pressures. The Frozen Beverages segment saw a 50% sales increase, while retail sales declined by 7%. Management anticipates improved margins with cost initiatives and recent price increases in the latter half of the year.