Pennsauken / NJ. (jj) J+J Snack Foods Corporation, a leading niche snack food and beverage company, announced sales and earnings for the third quarter ended June 27, 2015.
Sales increased eight percent to 278.7 million USD from 257.1 million USD in last year’s third quarter. Net earnings increased three percent to 24.5 million USD in the current quarter from 23.7 million USD last year. Earnings per diluted share increased three percent to 1.30 USD for the third quarter from 1.26 USD last year. Operating income increased nine percent to 38.8 million USD in the current quarter from 35.7 million USD in the year ago quarter.
For the nine months ended June 27, 2015, sales increased eight percent to 716.5 million USD from 666.0 million USD in last year’s nine months. Net earnings were 50.4 million USD this year and 49.6 million USD last year for the nine months. Earnings per diluted share increased to 2.68 USD from 2.64 USD last year. Operating income increased four percent to 77.2 million USD this year from 74.0 million USD last year for the nine months.
Gerald B. Shreiber, J + J’s President and Chief Executive Officer, commented, «Our sales and earnings improvement this quarter was driven by outstanding performances by our retail supermarkets and ICEE businesses. Results of our food service segment were disappointing».