J & J Snack Foods Reports Earnings Increase

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J & J Snack Foods Reports Earnings Increase

PENNSAUKEN, N.J. -- J & J Snack Foods Corp. reported record sales and higher earnings for its fourth quarter yesterday, but lower earnings for its full 2008 fiscal year.

Sales for the fiscal year ended Sept. 27, increased 11 percent to $629.4 million. Net earnings decreased 13 percent to $27.9 million in fiscal 2008. Operating income decreased 11 percent to $43.3 million this year.
For the fourth quarter, sales increased 9 percent to $177.4 million. Net earnings increased 7 percent to $11.2 million. Operating income increased 9 percent to $17.9 million.

Earnings were adversely affected by higher material costs, particularly for wheat- and dairy-based products, according to CEO Gerald B. Shreiber, who added the company was able to "maintain key market shares during these challenging times."

J & J Snack Foods Corp.’s principal products include Superpretzel, Pretzel Fillers and other soft pretzels, ICEE, Slush Puppie and Arctic Blast frozen beverages, Luigi’s, Mama Tish’s, Shape Ups, Minute Maid, Barq’s and Chill Frozen Juice Bars and Ices, Whole Fruit Sorbet, Fruit-a-Freeze Frozen Fruit Bars, Mary B’s Biscuits and Dumplings, Daddy Ray’s Fig And Fruit Bars, Tio Pepe’s Churros, The Funnel Cake Factory Funnel Cakes, And Mrs. Goodcookie, Camden Creek, Country Home and Readi-Bake Cookies.