Trade J & J Snack Foods Corp - JJSF CFD

J & J Snack Foods Company profile

About J & J Snack Foods Corp

J & J Snack Foods Corp. is a manufacturer of snack foods and distributor of frozen beverages which it markets nationally to the food service and retail supermarket industries. The Company operates through three segments: Food Service, Retail Supermarkets and Frozen Beverages. The Food Service segment sells soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods. The Retail Supermarkets segment sells soft pretzel products, including SUPERPRETZEL, frozen juice treats and desserts, including LUIGI'S Real Italian Ice, MINUTE MAID Juice Bars and Soft Frozen Lemonade, WHOLE FRUIT frozen fruit bars and sorbet, PHILLY SWIRL cups and sticks, ICEE Squeeze-Up Tubes and dough enrobed handheld products. The Frozen Beverages segment sells frozen beverages and related products to the food service industry primarily under the names ICEE, SLUSH PUPPIE and PARROT ICE in the United States, Mexico and Canada.

Financial summary

BRIEF: For the 13 weeks ended 25 December 2021, J & J Snack Foods Corp revenues increased 32% to $318.5M. Net income increased from $1.8M to $11.1M. Revenues reflect Food Service segment increase of 32% to $211.7M, Frozen Beverages segment increase of 54% to $64.1M, Retail Supermarket segment increase of 9% to $42.7M. Net income benefited from Frozen Beverages segment income totaling $860K vs. loss of $10.3M.

Equity composition

Common Stock no Par, 04/11, 50M auth., 18,583,974 issd. Insiders & Strategic holders own 20.4%. PO 2/86, 600K shares @ $14.75 by Advest, Inc. 01/06 & 8/89, 2-for-1 stock splits; 6/86, 3-for-2 stock split. FY'01 -'02 Summ. Q's reflect reclassifications.