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Mar 27, 2021
J&J Snack Foods Q2 2021 Earnings Report
J&J Snack Foods reported a decrease in sales and earnings for Q2 2021.
Key Takeaways
J&J Snack Foods reported a 6% decrease in sales to $256.2 million and a decrease in net earnings to $6.1 million for the second quarter ended March 27th, 2021. The company saw improvements in sales throughout the quarter due to venue openings and increased consumer confidence.
Sales decreased by 6% to $256.2 million compared to the previous year's second quarter.
Net earnings decreased to $6.1 million, down from $7.3 million last year.
Operating income decreased by 34% to $7.2 million, impacted by Covid-19 related costs.
Food Service segment fell just 1% below prior year, while Retail remained strong with 17% growth.
Revenue by Segment
Forward Guidance
The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s analysis only as of the date hereof. 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.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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