Quarterly ResultAug 5, 2026, 07:05 AM
J&J Snack Foods Q3 Net Sales $426M, EPS $1.88; Adjusted EPS $1.96
AI Summary
J&J Snack Foods reported Q3 2026 financial results with net sales decreasing 6.2% to $426.0 million and diluted EPS falling 16.8% to $1.88. Adjusted diluted EPS was $1.96, a 2.0% decrease, partly due to higher freight and fuel costs. The company achieved gross margin expansion to 35.5% and raised its annualized plant consolidation savings target to at least $20 million, with a full program target of $25 million, driven by Apollo transformation initiatives. Management anticipates an improved sales environment in Q4 and a return to top-line growth in fiscal 2027.
Key Highlights
- Net sales decreased 6.2% to $426.0 million in Q3 2026.
- Diluted EPS was $1.88, down 16.8% from $2.26 in prior year.
- Adjusted diluted EPS was $1.96, a 2.0% decrease from $2.00.
- Gross margin expanded to 35.5% from 33.0% in the prior year.
- Raised annualized plant savings target to at least $20 million.
- Repurchased 135,852 shares for $10 million during the quarter.
- Food Service net sales decreased 8.3% to $254.3 million.
- Retail Supermarket net sales increased 1.7% to $64.9 million.
Price Impact
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