Quarterly ResultMay 6, 2026, 07:07 AM
J&J Snack Foods Q2 Adj. EPS $0.40 (+14.3%), Net Sales $344.8M (-3.2%)
AI Summary
J&J Snack Foods reported mixed financial results for the fiscal second quarter ended March 28, 2026. While net sales decreased 3.2% to $344.8 million and GAAP net earnings fell significantly to $1.7 million, the company highlighted strong profitability improvements in its adjusted figures. Adjusted EBITDA increased 9.5% to $28.7 million and adjusted diluted EPS rose 14.3% to $0.40, driven by strategic transformation initiatives and mix improvements. The company also repurchased $22 million of its common stock during the quarter.
Key Highlights
- Adjusted EBITDA increased 9.5% to $28.7 million for the quarter.
- Adjusted earnings per diluted share rose 14.3% to $0.40.
- Net sales decreased 3.2% year-over-year to $344.8 million.
- GAAP net earnings fell 65.2% to $1.7 million, with diluted EPS at $0.09.
- Gross margin improved from 26.9% to 28.8%, reflecting transformation initiatives.
- Operating expenses included $6.5 million in non-recurring plant closure costs.
- Food Service segment net sales decreased 5.0% to $214.7 million.
- Company repurchased $22 million of common stock, with $28 million remaining in the program.