J&J Snack Foods (JJSF) Tops Q1 EPS by 2c

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J & J Snack Foods Reports First Quarter Sales and Earnings

January 29, 2018 4:00 PM EST

PENNSAUKEN, N.J., Jan. 29, 2018 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (NASDAQ: JJSF) today announced sales and earnings for the first quarter ended December 30, 2017.

Sales increased 18% to $265.2 million from $225.6 million in last years first quarter. Net earnings increased to $36.2 million in the current quarter from $13.6 million last year.  Earnings per diluted share increased to $1.93 for the first quarter from $.72 last year. Operating income increased 10% to $21.2 million in the current quarter from $19.3 million in the year ago quarter.

Net earnings for the current year quarter benefited from a $20.9 million,... More