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Dec 28, 2019
J&J Snack Foods Q1 2020 Earnings Report
Reported a sales increase and a decrease in net earnings for the first quarter ended December 28, 2019.
Key Takeaways
J&J Snack Foods Corp. announced a 4% increase in sales, reaching $282.9 million, but net earnings decreased to $17.1 million. Earnings per diluted share decreased to $0.89. Operating income also decreased by 2% to $21.7 million, impacted by costs related to the ICEE company's headquarters relocation.
Sales increased by 4% to $282.9 million compared to the previous year.
Net earnings decreased to $17.1 million from $17.5 million in the prior year.
Earnings per diluted share decreased to $0.89 from $0.93 last year.
Operating income decreased by 2% to $21.7 million, influenced by relocation costs.
J&J Snack Foods
J&J Snack Foods
J&J Snack Foods Revenue by Segment
Revenue by Segment
Food Service Revenue
CapyFin.comRetail Supermarket Revenue
CapyFin.comFrozen Beverages Revenue
CapyFin.com Forward Guidance
The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. The Company undertakes no obligation to publicly revise or update these forward-looking statements to reflect events or circumstances that arise after the date hereof.
Challenges Ahead
- Supply and cost of raw materials and labor
- Insurance costs
- Factors impacting sales
- The continuing consolidation of our customers
- Our ability to manage our manufacturing, marketing and distribution activities
Revenue & Expenses
Visualization of income flow from segment revenue to net income