J & J Snack Foods Corp

NASDAQ:JJSFUnited States

Nov 13, 2024

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• J & J Snack Foods Fiscal Q4 Adjusted Earnings, Revenue Decline, from 4:30PM ET on Wednesday Nov 13, 2024 by MT Newswires

  4:30PM ET on Wednesday Nov 13, 2024 by MT Newswires
  Companies Mentioned: JJSF
  04:30 PM EST, 11/13/2024 (MT Newswires) -- J & J Snack Foods (JJSF) reported fiscal Q4 adjusted earnings late Wednesday of $1.60 per diluted share, down from $1.73 a year earlier. Analysts polled by Capital IQ expected $1.85. Revenue for the quarter...

• -- Earnings Flash (JJSF) J & J SNACK FOODS Reports Q4 Revenue $426.8M, from 4:17PM ET on Wednesday Nov 13, 2024 by MT Newswires

  4:17PM ET on Wednesday Nov 13, 2024 by MT Newswires
  Companies Mentioned: JJSF
  04:17 PM EST, 11/13/2024 (MT Newswires) -- ...

• J & J Snack Foods Reports Fiscal 2024 Fourth Quarter Revenue of $426.8 Million, from 4:15PM ET on Wednesday Nov 13, 2024 by Dow Jones

  4:15PM ET on Wednesday Nov 13, 2024 by Dow Jones
  Companies Mentioned: JJSF
  Interest Expense 294 1,050 1,826 4,747 Depreciation and Amortization 18,216 16,777 70,601 63,161 Share-Based Compensation 1,378 1,383 6,220 5,318 Strategic Business Transformation Costs (2) - 768 4,848 1,719 Net (Gain) Loss on Sale or Disposal of Assets 34 (154) 11 (409) Impairment Costs - 1,678 - 1,678 Acquisition Related Inventory Adjustment - - 183 - Merger and Acquisition Costs - - 250 - Integration Costs 222 - 427 570 Adjusted EBITDA $ 59,692 $ 62,155 $ 200,085 $ 181,555 === ====== === ====== ======= ======= Reconciliation of GAAP Operating Income to Adjusted Operating Income ------------------- Operating Income 39,842 41,703 117,545 109,518 Strategic Business Transformation Costs (2) - 768 4,848 1,719 Acquisition Related Amortization Expenses 1,946 1,679 7,190 6,716 Impairment Costs - 1,678 - 1,678 Acquisition Related Inventory Adjustment - - 183 - Merger and Acquisition Costs - - 250 - Integration Costs 222 - 427 570 Adjusted Operating Income $ 42,010 $ 45,828 $ 130,443 $ 120,201 === ====== === ====== ======= ======= Reconciliation of GAAP Earnings per Diluted Share to Adjusted Earnings per Diluted Share ------------------- Earnings per Diluted Share $ 1.52 $ 1.57 $ 4.45 $ 4.08 Strategic Business Transformation Costs (2) - 0.04 0.25 0.09 Acquisition Related Amortization Expenses 0.10 0.09 0.37 0.35 Impairment Costs - 0.09 - 0.09 Acquisition Related Inventory Adjustment - - 0.01 - Merger and Acquisition Costs - - 0.01 - Integration Costs 0.01 - 0.02 0.03 Tax Effect of Non-GAAP Adjustments (1) (0.03) (0.06) (0.18) (0.14) Adjusted Earnings per Diluted Share $ 1.60 $ 1.73 $ 4.93 $ 4.50 === ====== === ====== ======= ======= (1) Income taxes associated with pre-tax adjustments determined using statutory tax rates (2) Strategic business transformation costs are start-up costs related to our regional distribution center supply chain transformation. J & J SNACK FOODS CORP. AND SUBSIDIARIES NON-GAAP FINANCIAL MEASURES (CONT'D) (Unaudited) (in thousands) Reconciliation of GAAP net sales to normalized net sales --------------- Quarter Quarter Quarter Quarter Quarter ended ended ended ended ended ---------- ---------- ------------ ------------- ------------ September September September September 30, 30, 30, September 28, 30, Normalized Sales 2023 2023 2023 2024 2023 Increase (14 weeks) Impact of (normalized) (as reported) (normalized) (Decrease) additional week (1) ---------- ---------- ------------ ------------- ------------ ------------ Net Sales to external customers: Total Food Service 270,282 (19,596) 250,686 262,150 250,686 4.6% ========== ========= ============ ============= ============ ===== ==== Total Retail Supermarket 64,845 (5,523) 59,322 55,936 59,322 -5.7% ========== ========= ============ ============= ============ ===== ==== Total Frozen Beverages 108,736 (7,871) 100,865 108,670 100,865 7.7% ========== ========= ============ ============= ============ ===== ==== Consolidated net sales 443,863 (32,990) 410,873 426,756 410,873 3.9% ========== ========= ============ ============= ============ ===== ==== Fiscal Fiscal Year Year Fiscal Year Fiscal Year Fiscal Year ended ended ended ended ended Normalized ---------- ---------- ------------ ------------- ------------ September September September September Sales 30, 30, 30, September 28, 30, Increase 2023 2023 2023 2024 2023 (Decrease) (53 weeks) Impact of (normalized) (as reported) (normalized) additional week (2) ---------- ---------- ------------ ------------- ------------ ------------ Net Sales to external customers: Total Food Service 981,840 (20,125) 961,715 985,195 961,715 2.4% ========== ========= ============ ============= ============ ===== ==== Total Retail Supermarket 215,428 (3,460) 211,968 221,308 211,968 4.4% ========== ========= ============ ============= ============ ===== ==== Total Frozen Beverages 361,561 (4,079) 357,482 368,252 357,482 3.0% ========== ========= ============ ============= ============ ===== ==== Consolidated net sales 1,558,829 (27,664) 1,531,165 1,574,755 1,531,165 2.8% ========== ========= ============ ============= ============ ===== ==== (1) For fiscal fourth quarter comparative metrics, the additional week is defined as the week beginning on June 25, 2023. (2) For the full fiscal year comparative metrics, the additional week is defined as the week beginning on September 25, 2022.
  

• *DJ J&J Snack Foods 4Q EPS $1.52 >JJSF, from 4:15PM ET on Wednesday Nov 13, 2024 by Dow Jones

  4:15PM ET on Wednesday Nov 13, 2024 by Dow Jones
  Companies Mentioned: JJSF