JJSF News & Events

Reports Q1 revenue $343.8M, consensus $364.02M. "Our first quarter results reflect disciplined execution of our key priorities to drive profitability," said Dan Fachner, J&J Snack Foods Chairman, President, and CEO. "We are pleased to deliver 7% year-over-year growth in adjusted EBITDA and a 200 basis point expansion in gross margin despite a 5.2% decline in sales and a $1 million expense for product disposal. Our results were enabled by our Project Apollo initiatives including strategic portfolio rationalization of lower margin products within our bakery business."

Reports Q4 revenue $410.2M, consensus $419.07M. "We are pleased with our fourth quarter performance, delivering Adjusted EBITDA of $57.4 million on sales of $410.2 million despite some challenges during the summer. Both sales and adjusted EBITDA were down about 4% as compared to the prior year quarter," stated Dan Fachner, Chairman, President, and CEO. "The breadth of our portfolio remains a core competitive advantage and helped to mitigate the expected headwinds we faced in our Frozen Beverage business during the fourth quarter as we lapped strong volumes from a major movie release last year. Our pretzel business delivered outstanding results, with sales rising in both the Retail and Foodservice segments for consecutive quarters, and growth continued to be led by our Bavarian varieties."

Dippin' Dots is the exclusive frozen treat provider at Urban Air Adventure Park. The new collaboration brings Dippin' Dots to all participating Urban Air locations nationwide. With more than 350 locations open or under development nationwide, Urban Air is an ideal partner for Dippin' Dots to continue expanding its presence in the family entertainment space.