J & J Snack Foods . Earnings Calls

Q4 2024 Missed
$0.330 (-46.77%)
Release date Feb 03, 2025
EPS estimate $0.620
EPS actual $0.330
EPS Surprise -46.77%
Revenue estimate 370.529M
Revenue actual 362.598M
Revenue Surprise -2.14%
Q3 2024 Missed
$1.60 (-13.51%)
Release date Nov 13, 2024
EPS estimate $1.85
EPS actual $1.60
EPS Surprise -13.51%
Revenue estimate 428.334M
Revenue actual 426.756M
Revenue Surprise -0.368%
Q2 2024 Missed
$1.98 (-0.503%)
Release date Aug 05, 2024
EPS estimate $1.99
EPS actual $1.98
EPS Surprise -0.503%
Revenue estimate 431.75M
Revenue actual 439.957M
Revenue Surprise 1.90%
Q1 2024 Beat
$0.84 (37.70%)
Release date May 06, 2024
EPS estimate $0.610
EPS actual $0.84
EPS Surprise 37.70%
Revenue estimate 341.08M
Revenue actual 359.734M
Revenue Surprise 5.47%

Last 4 Quarters for J & J Snack Foods .

Below you can see how JJSF performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q1 2024 Beat
Release date May 06, 2024
Fiscal end date Mar 30, 2024
Price on release $137.90
EPS estimate $0.610
EPS actual $0.84
EPS surprise 37.70%
Date Price
Apr 30, 2024 $137.29
May 01, 2024 $137.13
May 02, 2024 $137.52
May 03, 2024 $138.24
May 06, 2024 $137.90
May 07, 2024 $160.47
May 08, 2024 $164.29
May 09, 2024 $162.61
May 10, 2024 $163.39
4 days before 0.444%
4 days after 18.48%
On release day 16.37%
Change in period 19.01%
Q2 2024 Missed
Release date Aug 05, 2024
Fiscal end date Jun 29, 2024
Price on release $159.36
EPS estimate $1.99
EPS actual $1.98
EPS surprise -0.503%
Date Price
Jul 30, 2024 $167.20
Jul 31, 2024 $168.70
Aug 01, 2024 $167.41
Aug 02, 2024 $166.46
Aug 05, 2024 $159.36
Aug 06, 2024 $169.35
Aug 07, 2024 $165.31
Aug 08, 2024 $169.78
Aug 09, 2024 $169.00
4 days before -4.69%
4 days after 6.05%
On release day 6.27%
Change in period 1.08%
Q3 2024 Missed
Release date Nov 13, 2024
Fiscal end date Sep 28, 2024
Price on release $173.34
EPS estimate $1.85
EPS actual $1.60
EPS surprise -13.51%
Date Price
Nov 07, 2024 $175.36
Nov 08, 2024 $176.90
Nov 11, 2024 $176.67
Nov 12, 2024 $174.98
Nov 13, 2024 $173.34
Nov 14, 2024 $166.50
Nov 15, 2024 $161.77
Nov 18, 2024 $165.38
Nov 19, 2024 $165.13
4 days before -1.15%
4 days after -4.74%
On release day -3.95%
Change in period -5.84%
Q4 2024 Missed
Release date Feb 03, 2025
Fiscal end date Dec 28, 2024
Price on release $132.70
EPS estimate $0.620
EPS actual $0.330
EPS surprise -46.77%
Date Price
Jan 28, 2025 $138.68
Jan 29, 2025 $137.88
Jan 30, 2025 $138.26
Jan 31, 2025 $137.23
Feb 03, 2025 $132.70
Feb 04, 2025 $124.05
Feb 05, 2025 $122.15
Feb 06, 2025 $123.87
Feb 07, 2025 $122.34
4 days before -4.31%
4 days after -7.81%
On release day -6.52%
Change in period -11.78%

J & J Snack Foods . Earnings Call Transcript Summary of Q4 2024

Financial Performance:

J&J Snack Foods reported record annual sales and adjusted EBITDA for fiscal 2024.

  • Adjusted EBITDA increased by 10.2%, despite facing challenges due to reduced consumer traffic in key channels such as theaters and convenience stores.
  • For the fourth quarter, reported sales decreased 3.9%, but increased by 3.9% on a normalized basis due to the loss of one selling week compared to the previous year.

Sales Growth:

  • Sales growth for the year was 1% on a reported basis and 2.8% on a normalized basis.
  • Notable sales performance came from core brands and successful product innovations, contributing significantly to sales growth in various segments.
  • The Foodservice segment saw slight growth, driven by bakery products, but struggled with soft pretzel and churro sales in the fourth quarter.

Segment Highlights:

  • Foodservice: Reported sales declined 3% to $262.2 million; sales in churros and soft pretzels decreased significantly due to softer demand.
  • Retail: Sales down 13.7%, influenced by declines in frozen novelties and soft pretzels, with some offset from handheld sales.
  • Frozen Beverages: Reported sales remained flat, showing resilience in sales despite a weak theater channel through much of the year.

Gross Margin and Expenses:

  • Gross margin for the year improved by 80 basis points to 30.9%. In the fourth quarter, gross margin decreased to 31.8%.
  • Operating expenses decreased, contributing to stronger operational efficiency.

Operational Investments:

  • The company has made strategic investments in operational efficiencies, including new distribution centers that have improved logistics, reduced costs, and improved service levels.
  • Ongoing management of supply chains aims to improve profitability despite inflationary pressures on raw materials.

Future Outlook:

  • The management is optimistic about fiscal 2025, anticipating growth in key segments driven by new product launches and improved market conditions.
  • Consumer trends are expected to improve, particularly in the theater channel due to strong upcoming film releases.
  • The company plans to maintain its focus on cost control and efficiency initiatives to drive further margin improvements.

Leadership Transition:

  • Ken Plunk, the Chief Financial Officer, is retiring, and a search for his successor is underway with expectations of an announcement soon.

Strategic Focus:

  • Emphasis on innovation and cross-selling opportunities across product lines remains a crucial strategy for growth.
  • The company intends to maintain investment in marketing and promotional activities to enhance brand visibility and drive sales.

Investor Takeaways:

  • J&J Snack Foods is positioned for growth, focusing on core brands and new product offerings.
  • The company is confident in its operational strategies and financial health, with no current debt and significant cash reserves.
  • While facing short-term challenges, particularly in certain consumer channels, the mid- to long-term outlook remains positive as the broader economic environment improves.

J & J Snack Foods . Earnings History

Earnings Calendar

FAQ

When is the earnings report for JJSF?
J & J Snack Foods Corp. (JJSF) has scheduled its earnings report for May 05, 2025 after the markets close.

What is the JJSF price-to-earnings (P/E) ratio?
JJSF P/E ratio as of Feb 13, 2025 (TTM) is 29.28.

What is the JJSF EPS forecast?
The forecasted EPS (Earnings Per Share) for J & J Snack Foods Corp. (JJSF) for the first fiscal quarter 2025 is $0.98.

What are J & J Snack Foods Corp.'s retained earnings?
On its balance sheet, J & J Snack Foods Corp. reported retained earnings of $362.60 million for the latest quarter ending Dec 28, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT J & J SNACK FOODS CORP.
J & J Snack Foods .
J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR. TWISTER, SOFT PRETZEL BITES, SOFTSTIX, SOFT PRETZEL BUNS, TE...
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