J&J Snack Foods (JJSF) Misses Q1 EPS by 11c, Revenues Beat

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J & J Snack Foods Reports First Quarter Sales and Earnings

January 25, 2021 4:00 PM EST

PENNSAUKEN, N.J., Jan. 25, 2021 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (NASDAQ-JJSF) today announced sales and earnings for the first quarter ended December 26, 2020.

Sales decreased 15% to $241 million from $282.9 million in last years first quarter. Net earnings were $1.8 million in the current quarter down from $17.1 million last year.  Earnings per diluted share was $.09 for the first quarter down from $.89 last year. Operating income decreased 97% to $578 thousand in the current quarter from $21.7 million last year. Operating income was impacted by approximately $730 thousand of COVID-19 related costs as we remain focused on the safety and... More