J+J Snack Foods: Reports Q1/2016 Sales And Earnings

Pennsauken / NJ. (jj) J+J Snack Foods Corporation, a leading niche snack food and beverage company, announced sales and earnings for the first quarter ended December 26, 2015. Sales increased 5 percent to 222.8 million USD from 212.8 million USD in last year’s first quarter. Net earnings increased 11 percent to 12.5 million USD in the current quarter from 11.3 million USD last year. Earnings per diluted share increased 10 percent to 0.66 USD for the first quarter from 0.60 USD last year. Operating income increased 11 percent to 18.4 million USD in the current quarter from 16.6 million USD in the year ago quarter. Gerald B. Shreiber, J+J’s President and Chief Executive Officer, commented, «Led by a particularly strong performance by our ICEE beverage group, all of our businesses contributed to our improved results in sales and net earnings».