J+J: expects Covid-19 to impact on results

Pennsauken / NJ. (jj) J+J Snack Foods Corporation announced that it expects its results of operations to be impacted by the closings and anticipated lower attendance and traffic at many of the venues and locations where its products are sold such as schools, stadiums and arenas, movie theaters , amusement parks and restaurants and by a general slowdown in activity throughout the United States resulting from the effects of the coronavirus (Covid-19). The Company said that it is unable to estimate what the impact may be although it said the impact may be material. The Company stated that its sales at the venues and locations mentioned above is approximately USD 350 – 400 million annually.

Gerald B. Shreiber, J+J’s President and Chief Executive Officer, commented, «We have and are continuing to develop contingency plans to address and lessen the impact of the effects of coronavirus on our employees, our customers and our overall business.»