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Dec 27, 2025
J&J Snack Foods Q1 2026 Earnings Report
J&J Snack Foods reported its financial results for the first quarter ended December 27, 2025, showing a decrease in net sales but an increase in gross profit and adjusted EBITDA.
Key Takeaways
J&J Snack Foods Corp. reported a 5.2% decrease in net sales to $343.8 million for the first quarter of fiscal 2026, primarily due to its bakery business and strategic portfolio rationalization. Despite the sales decline, the company achieved a 2.2% increase in gross profit to $96.0 million and a 7.0% increase in adjusted EBITDA to $27.0 million, reflecting disciplined execution of profitability initiatives and early benefits from Project Apollo.
Net sales decreased by 5.2% to $343.8 million, mainly driven by the bakery business and strategic portfolio rationalization.
Gross profit increased by 2.2% to $96.0 million, with gross margin improving from 25.9% to 27.9%, attributed to Apollo transformation initiatives and favorable product mix.
Adjusted EBITDA grew by 7.0% to $27.0 million, and adjusted earnings per diluted share remained flat at $0.33.
The company repurchased $42 million of stock during the quarter and announced a new $50 million share repurchase authorization.
Revenue by Segment
Forward Guidance
J&J Snack Foods Corp. remains optimistic about its future trajectory, with several commercial initiatives underway and continued progress on its business transformation program.
Positive Outlook
- Momentum in the pretzel business is expected to continue, driven by share gains from Bavarian formula pretzels.
- Several innovative product launches are planned for the second quarter, including Dippin' Dots for retail and better-for-you pretzel and frozen novelty products.
- Project Apollo, the business transformation program, is on track to deliver $20 million of annualized savings.
- The company's confidence in the future is underscored by a new $50 million share repurchase authorization.
- Adjusted EBITDA grew by 7.0% year-over-year, indicating strong operational performance despite sales decline.
Challenges Ahead
- Net sales decreased by 5.2% due to the bakery business and strategic portfolio rationalization efforts.
- Operating income decreased significantly from $6.2 million to $0.6 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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