J & J Snack Foods Corp. Reports 16 Percent Sales Gain In Second Quarter

J & J Snack Foods Corp. announced sales and earnings for its second quarter and six months ended March 24, 2012.

Sales increased 16 percent to $189.6 million from $162.7 million in last year's second quarter. Net earnings were $10.4 million in the current quarter compared to $8.7 million last year. Earnings per diluted share were $.55 for the second quarter compared to $.46 last year. Operating income increased 17 percent to $16.3 million in the current quarter from $14.0 million in the year ago quarter.

For the six months ended March 24, 2012, sales increased 14 percent to $362.2 million from $318.4 million in last year's first half. Net earnings increased 1 percent to $15.9 million in the six months from $15.8 million last year. Earnings per diluted share were $.84 for the six months for both years. Operating income decreased 1 percent to $24.7 million from $24.9 million in the year ago period.

Gerald B. Shreiber, J & J's president and chief executive officer, said in a prepared statement, "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." 

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