J+J Snack Foods: Reports Q2 Fiscal 2024 Results

Pennsauken / NJ. (jj) J+J Snack Foods Corporation reported financial results for the second quarter ended March 30, 2024. President and CEO Dan Fachner: «J+J Snack Foods delivered another period of strong financial results, including the highest fiscal second quarter net sales in our company’s history -topping our previous record achieved in the prior year. Top line performance was driven by higher volumes of our core products and brands, as well as strong new business performance in our Food Service and Retail channels. Our investments over the last two years to increase production capacity in churros and pretzels have positioned us to pursue new sales opportunities. Also, the ongoing success of our initiatives to enhance profit margins and drive efficiency across our business led to a 330-basis point improvement in gross margin to 30.1 percent. This resulted in adjusted operating income and adjusted Ebitda growth of 81.0 percent and 43.1 percent, respectively, and a more than 90 percent increase in net earnings, EPS, and adjusted EPS.» For additional information please read the company’s PDF file below (206 KB):