Quarterly ResultAug 5, 2026, 07:07 AM
J&J Snack Foods Q3 Net Sales $426.0M, EPS $1.88; Gross Margin Up
AI Summary
J&J Snack Foods reported fiscal third-quarter 2026 results with net sales decreasing 6.2% to $426.0 million and diluted EPS falling 16.8% to $1.88. Despite the decline in top-line and GAAP earnings, the company achieved a 240 basis point improvement in gross margin to 35.5% and saw adjusted EPS decrease only 2.0% to $1.96. Management highlighted progress from transformation initiatives, raising the annualized plant consolidation savings target to at least $20 million, and expressed confidence in a return to top-line growth in fiscal 2027.
Key Highlights
- Net Sales decreased 6.2% to $426.0M in Q3 2026.
- Net Earnings were $35.3M, down 20.1% year-over-year.
- Diluted Earnings per Share (EPS) was $1.88, a 16.8% decrease.
- Adjusted EBITDA was $67.4M, down 6.4%.
- Gross margin improved to 35.5%, up 240 basis points.
- Raised annualized plant consolidation savings target by $5M to at least $20M.
- Repurchased 135,852 shares for $10M during the quarter.
- Food Service segment net sales decreased 8.3%.
Price Impact
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