Quarterly ResultMay 7, 2026, 04:41 PM
J&J Snack Foods Q2 Net Earnings Down 65% to $1.68M
AI Summary
J&J Snack Foods Corp. reported a significant decline in its second-quarter and six-month financial results for fiscal year 2026. For the three months ended March 28, 2026, net earnings decreased by 65.25% to $1.677 million, with diluted EPS falling to $0.09. Net sales for the quarter also saw a modest decline of 3.16% to $344.819 million. The company incurred $10.869 million in plant closure expenses for the six-month period, impacting profitability. Despite the earnings downturn, net cash provided by operating activities for the six months increased by 8.78% to $51.642 million, and the company executed substantial common stock repurchases totaling $63.981 million.
Key Highlights
- Net earnings for Q2 2026 decreased 65.25% to $1.677 million from $4.824 million YoY.
- Diluted EPS for Q2 2026 was $0.09, down from $0.25 in Q2 2025.
- Net sales for Q2 2026 decreased 3.16% to $344.819 million from $356.099 million YoY.
- Incurred $10.869 million in plant closure expenses for the six months ended March 28, 2026.
- Net cash from operating activities for the six months increased 8.78% to $51.642 million.
- Repurchased $63.981 million of common stock during the six months ended March 28, 2026.
- Current portion of long-term debt increased to $29.0 million as of March 28, 2026, from $0.0 million.
- Cash and cash equivalents decreased to $59.746 million as of March 28, 2026, from $105.893 million.
Price Impact
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