J+J Snack Foods: Reports Q2/2013 Sales and Earnings

Pennsauken / NJ. (jj) J+J Snack Foods Corporation announced sales and earnings for the second quarter ended March 30, 2013. Sales increased six percent to 201,3 million USD from 189,6 million USD in last year´s second quarter. Net earnings increased 21 percent to 12,7 million USD in the current quarter from 10,4 million USD last year. Earnings per diluted share increased 22 percent to 0,67 USD for the second quarter from 0,55 USD last year. Operating income increased 18 percent to 19,2 million USD in the current quarter from 16,3 million USD in the year ago quarter. For the six months ended March 30, 2013, sales increased eight percent to 392,8 million USD from 362,2 million USD in last year´s first half. Net earnings increased 44 percent to 22,9 million USD in the six months from 15,9 million USD last year. Earnings per diluted share increased to 44 percent to 1,21 USD for the six months from 0,84 USD last year. Operating income increased 38 percent to 34,2 million USD from 24,7 million USD in the year ago period. Gerald B. Shreiber, J+J´s President and Chief Executive Officer, commented, «We are pleased with our overall performance for our second quarter. Our food service group, with sharp increases in soft pretzel and churro sales, had a particularly strong quarter».