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Jun 27, 2020
J&J Snack Foods Q3 2020 Earnings Report
J&J Snack Foods reported a decrease in sales and a net loss for Q3 2020.
Key Takeaways
J&J Snack Foods experienced a challenging third quarter, with sales decreasing by 34% to $214.6 million and a net loss of $12.6 million, compared to the previous year's net earnings of $30.9 million. The company's performance was significantly impacted by COVID-19, which led to shutdowns and curtailed foodservice operations.
Sales decreased 34% to $214.6 million compared to last year's third quarter.
Net loss was $12.6 million, a significant drop from the previous year's net earnings of $30.9 million.
Operating loss was $19.4 million, compared to an operating income of $39.0 million in the year-ago quarter.
Retail division showed strength, outperforming the previous year, while foodservice locations were slow to open but showed improvement.
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 Company anticipates COVID-19 will continue to have a negative impact on its business.
Revenue & Expenses
Visualization of income flow from segment revenue to net income