J+J Snack: reports second quarter sales and earnings

Pennsauken / NJ. (jj) J+J Snack Foods Corporation announced sales and earnings for its second quarter and six months ended March 24, 2012. Sales increased 16 percent to 189,6 million USD from 162,7 million USD in last year´s second quarter. Net earnings were 10,4 million USD in the current quarter compared to 8,7 million USD last year. Earnings per diluted share were 0,55 USD for the second quarter compared to 0,46 USD last year. Operating income increased 17 percent to 16,3 million USD in the current quarter from 14,0 million USD in the year ago quarter. For the six months ended March 24, 2012, sales increased 14 percent to 362,2 million USD from 318,4 million USD in last year´s first half. Net earnings increased one percent to 15,9 million USD in the six months from 15,8 million USD last year. Earnings per diluted share were 0,84 USD for the six months for both years. Operating income decreased one percent to 24,7 million USD from 24,9 million USD in the year ago period. Gerald B. Shreiber, J+J´s President and Chief Executive Officer: «We are pleased with our overall results for the period and are hopeful the trend continues. Our foodservice and ICEE beverage groups had a good quarter».