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Sep 25, 2021
J&J Snack Foods Q4 2021 Earnings Report
J&J Snack Foods reported strong Q4 2021 results, with net sales increasing by 28% and net earnings rising by 187%.
Key Takeaways
J&J Snack Foods Corp. reported a strong fourth quarter with a 28% increase in net sales to $323.1 million and a 187% increase in net earnings to $18.9 million. The company exceeded pre-Covid sales levels, driven by growth in the Food Service and Retail segments. Margin pressures from rising supply chain costs were noted, but pricing actions and cost savings initiatives are expected to improve margins.
Net sales increased 28% to $323.1 million compared to Q4 2020, and 4% compared to Q4 2019.
Food Service sales exceeded Q4 2020 by 35% and surpassed Q4 2019 by 6%.
Retail segment sales were 9% below Q4 2020 but grew 29% compared to Q4 2019.
Frozen Beverage segment sales beat Q4 2020 sales by 46%.
J&J Snack Foods
J&J Snack Foods
J&J Snack Foods Revenue by Segment
Revenue by Segment
Food Service Revenue
CapyFin.comFrozen Beverages Revenue
CapyFin.com Forward Guidance
J&J Snack Foods is confident that its dedication to serving customers and managing the business effectively will allow it to navigate short-term challenges and further its position as a leader in the snack foods segment in fiscal 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income