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Jun 26, 2021
J&J Snack Foods Q3 2021 Earnings Report
Reported sales and earnings for the third quarter ended June 26th, 2021.
Key Takeaways
J&J Snack Foods Corp. announced a 51% increase in sales, reaching $324.3 million compared to $214.6 million in the same quarter last year. Net earnings were $28.9 million, a significant improvement from the $12.6 million loss in the previous year. Operating income also saw a substantial increase, rising to $38.1 million from a $19.4 million loss last year.
Total sales increased by 51% compared to the prior year.
Net earnings improved to $28.9 million, a significant turnaround from the $12.6 million loss in the previous year.
Operating income increased to $38.1 million, compared to an operating loss of $19.4 million in the prior year.
The Frozen Beverages business experienced substantial growth with an 83% increase.
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
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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