J&J SNACK FOODS CORP

J&J Snack Foods reported a decline in net sales and net earnings for both the third quarter and the nine months ended June 27, 2026, compared to the prior year. Diluted EPS also decreased significantly. Despite the weaker financial performance, the company actively engaged in share repurchases, totaling $74.73 million, and successfully extended its $225 million revolving credit facility to June 2031, providing long-term financial flexibility.

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.

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.

J&J Snack Foods Corp. announced it will release its fiscal third-quarter results for the period ended June 27, 2026, before market open on Wednesday, August 5, 2026. The company will host a conference call and webcast to discuss these results on the same day at 10:00 a.m. Eastern Time. Investors can pre-register for the call or access the live webcast via the company's investor relations website.

J&J Snack Foods Corp. amended its credit agreement, extending the revolving credit facility's maturity date to June 5, 2031, and providing an option to increase its size by up to $200 million or Consolidated EBITDA. The amendment also revised the pricing grid, increased the maximum permitted Consolidated Net Leverage Ratio to 3.50:1.00 (with a temporary increase to 4.00:1.00 for significant acquisitions), and raised the cross-default threshold to $30 million. Additionally, Michael A. Pollner, SVP, General Counsel & Secretary, resigned effective June 30, 2026.

J & J Snack Foods Corp. announced that its Board of Directors has declared a quarterly cash dividend of $0.80 per share of its common stock. The dividend is payable on July 7, 2026, to shareholders of record as of the close of business on June 16, 2026. The company noted that the declaration and payment of dividends are subject to the discretion of the Board and depend on various factors, including net income, financial position, and cash requirements.

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.

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.

J&J Snack Foods Corp. announced it will release its fiscal second quarter financial results for the period ended March 28, 2026, before the stock market opens on Wednesday, May 6, 2026. The company will host a conference call and webcast on the same day at 10:00 a.m. Eastern Time to discuss these results. Investors can access the live call via phone or a webcast link provided on the company's investor relations website, with the webcast archived for about 30 days.