J & J Snack Foods Corp. announced sales and earnings for the first quarter ended Dec. 24, 2011.
Sales increased 11 percent to $172.7 million from $155.6 million in last year’s first quarter. Net earnings were $5.5 million in the current quarter compared to $7.1 million last year. Earnings per diluted share were $.29 for the first quarter compared to $.38 last year. Operating income decreased 23 percent to $8.5 million in the current quarter from $11.0 million in the year ago quarter.
Gerald B. Shreiber, J & J’s president and chief executive officer, commented in a prepared statement, "ICEE improved significantly from last year. Other than ICEE, our results were disappointing. Contributing factors were weak volume, inability to offset ingredient and packaging cost increases and other increases in operating costs."
J & J Snack Foods Corp.’s principal products include SUPERPRETZEL, PRETZEL FILLERS and other soft pretzels, ICEE and SLUSH PUPPIE frozen beverages, LUIGI’S, MAMA TISH’S, SHAPE UPS, MINUTE MAID* and BARQ’S** frozen juice bars and ices, WHOLE FRUIT sorbet and frozen fruit bars, MARY B’S biscuits and dumplings, DADDY RAY’S fig and fruit bars, TIO PEPE’S and CALIFORNIA CHURROS churros, THE FUNNEL CAKE FACTORY funnel cakes, MRS. GOODCOOKIE, CAMDEN CREEK, COUNTRY HOME and READI-BAKE cookies, PATIO burritos and HAND FULLS and HOLLY RIDGE BAKERY filled handheld products. J & J has manufacturing facilities in Pennsauken, Bridgeport and Bellmawr, N.J.; Scranton, Hatfield and Chambersburg, Pa.; Carrollton, Texas; Atlanta, Ga.; Moscow Mills, Mo.; Pensacola, Fla;. Colton, Vernon and Norwalk, Calif.; Holly Ridge, N.C.; and Weston, Ore.