Wall Street expects a year-over-year decline in earnings on lower revenues when J&J Snack Foods (JJSF - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on August 5, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis drink and snack maker is expected to post quarterly earnings of $1.81 per share in its upcoming report, which represents a year-over-year change of -9.5%.
Revenues are expected to be $425.8 million, down 6.3% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 8.23% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for J&J Snack Foods?For J&J Snack Foods, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #5.
So, this combination makes it difficult to conclusively predict that J&J Snack Foods will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that J&J Snack Foods would post earnings of $0.39 per share when it actually produced earnings of $0.40, delivering a surprise of +2.56%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
J&J Snack Foods doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerSysco (SYY - Free Report) , another stock in the Zacks Food - Miscellaneous industry, is expected to report earnings per share of $1.51 for the quarter ended June 2026. This estimate points to a year-over-year change of +2%. Revenues for the quarter are expected to be $21.92 billion, up 3.7% from the year-ago quarter.
The consensus EPS estimate for Sysco has been revised 0.1% lower over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +0.56%.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Sysco will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
July 20, 2026 16:30 ET | Source: J & J Snack Foods Corp.
MOUNT LAUREL, N.J., July 20, 2026 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (Nasdaq: JJSF) today announced that it will release financial results for its fiscal third quarter ended June 27, 2026, before the stock market opens on Wednesday, August 5, 2026. The Company will hold a conference call and webcast to discuss the results at 10:00 a.m. Eastern Time that same day.
Investors interested in participating in the live call can pre-register by clicking on this Registration Link to receive the dial-in number and a personal PIN, which are required to access the conference call. The live audio webcast will be accessible on the Company’s investor relations website at https://www.jjsnack.com/investors/ or directly at here.
About J & J Snack Foods Corp.
J & J Snack Foods Corp. is a leader and innovator in the snack food industry, providing innovative, niche, and affordable branded snack foods and beverages to foodservice and retail supermarket outlets. Manufactured and distributed nationwide, our principal products include SUPERPRETZEL, the #1 soft pretzel brand in the world, as well as internationally known ICEE and SLUSH PUPPIE frozen beverages, DIPPIN’ DOTS ice cream, LUIGI’S Real Italian Ice, MINUTE MAID* frozen ices, WHOLE FRUIT sorbet and frozen fruit bars, HOLA! CHURROS, and THE FUNNEL CAKE FACTORY funnel cakes and several bakery brands within DADDY RAY’S, COUNTRY HOME BAKERS and HILL & VALLEY. For more information, please visit http://www.jjsnack.com.
*MINUTE MAID is a registered trademark of The Coca-Cola Company.
J&J Snack Foods remains a 'hold' as cost-cutting and growth initiatives are offset by ongoing sales softness and market headwinds. Recent plant closures under Project Apollo have intentionally reduced capacity, with management prioritizing long-term cost savings over near-term revenue growth. Adjusted net income and cash flow have improved despite headline declines, with EBITDA rising from $26.2M to $28.7M in Q2 2026.
Two brands synonymous with summer fun have teamed up on a collection inspired by Dippin' Dots' iconic beaded ice cream
, /PRNewswire/ - Sanuk, the fun-loving footwear brand blending comfort, function, and laid-back coastal vibes, has partnered with Dippin' Dots, the original beaded ice cream, to design a limited-edition take on its bestselling Bubblecush Flip Flops for kids.
Available in youth and toddler sizing, the collection includes two exclusive colorways, Mint Chocolate and Rainbow Ice, which nod to popular flavors of the beloved frozen treat.
Sanuk Bubblecush and Dippin' Dots kids sandals The Bubblecush x Dippin' Dots Flip Flops are made with Sanuk's one-of-a-kind beaded foam Bubblecush footbed for a fun and bouncy underfoot feel, plus water-friendly materials and a grippy recycled rubber outsole ready for any adventure.
The collaboration brings together two brands that have been loved by generations of families, each capturing the nostalgia, playfulness, and carefree moments that define summer.
"Sanuk has always been about turning everyday steps into something more fun and memorable," said Katie Pruitt, VP and General Manager at Sanuk. "Dippin' Dots brings a shared sense of joy and connection across generations, and this collaboration felt like a natural way to celebrate that spirit—echoing the resemblance between its iconic beaded ice cream and our beaded Bubblecush footbed."
"We are proud to partner with Sanuk," says Carol Janet, CEO of Design Plus and exclusive global licensing agent for Dippin' Dots® Ice Cream. "At Design Plus we are dot crazy and it's all about building brand awareness step by step with select licensees."
The Bubblecush x Dippin' Dots collection is available now at sanuk.com and select wholesale partners nationwide with styles starting at $39.
About Sanuk®
Welcome to the never-ending party for your feet. Founded in 1997, Sanuk is an unconventional footwear brand on a mission to keep you comfy, protect our happy places and cultivate community. Inspired by its Southern California roots and namesake – the Thai word for "fun" – the brand's playful, comfort-led designs include sandals, sneakers and slip-ons for the whole family. For more information about Sanuk, a division of Lolë Brands, visit sanuk.com or follow along @sanuk on Instagram and @sanuk_footwear on TikTok. #SmileOn
About Dippin' Dots, L.L.C.
Dippin' Dots has produced and distributed its flash-frozen tiny beads of ice cream, yogurt, and flavored ice products since 1988. Made at the company's production facility in Paducah, Kentucky, Dippin' Dots, part of J&J Snack Foods Corp. (NASDAQ: JJSF), distributes its unique frozen products in all 50 states and seven countries through its franchised and direct distribution network. For more information, including business opportunities, visit www.dippindots.com. Follow Dippin' Dots on Facebook, Instagram and LinkedIn.
About Design Plus
Design Plus is an international licensing boutique, founded in 1983 and headquartered in Atlanta GA. Design Plus builds brand awareness and consumer loyalty for brand owners through carefully designed licensing programs and select licensees. For additional information visit www.dplicensing.com
First Trust Advisors LP lifted its position in shares of J and J Snack Foods Corp. (NASDAQ: JJSF) by 19.9% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 404,461 shares of the company's stock after purchasing an additional 67,028 shares during
The cost of GLP-1 drugs is falling, and pill versions are hitting the U.S. market. For restaurant chains and snacking giants, higher adoption of weight loss and diabetes treatments poses a threat to their sales — or an opportunity.
GLP-1 drugs slow digestion, suppress users' appetites and increase satiety. For many restaurants and packaged food manufacturers, those reactions will likely mean weaker sales. Adults who use GLP-1s consume 21% fewer calories and spend nearly a third less on grocery bills on average, according to KPMG. JPMorgan estimates the growing use of the medications could wipe out $30 billion to $55 billion in annual sales for the food and beverage industry as soon as 2030.
About one in every eight U.S. adults is currently taking a GLP-1 drug like Ozempic or Zepbound, according to the KFF Health Tracking Poll conducted from Oct. 27 to Nov. 2. That number doesn't include consumers who have discontinued their use of the drugs; 18% of respondents said that they have taken a GLP-1 medication at some point.
Those numbers are expected to keep climbing, especially after Novo Nordisk launched its Wegovy pill in January and Eli Lilly prepares to roll out its own oral drug this year. By 2030, more than 30 million Americans could be on a GLP-1 treatment, up from 10 million in 2026, based on J.P. Morgan estimates.
But the shift also presents an opportunity for restaurants and food and beverage companies.
With new protein- and fiber-rich options, many businesses are hoping to win over GLP-1 consumers and mollify investors' concerns about how the treatments will affect their bottom lines.
"Whether it is labeling as GLP-1 friendly, decreasing the serving size, emphasizing protein content, or even when you shift over to the beverage world, because hydration is certainly a concern, there are a number of players that are starting to react to this," said Don K. Johnson, principal of strategy and execution for EY-Parthenon.
Skipping snacks and breakfastAbout half of GLP-1 users report consuming fewer calories while taking the medications, according to UBS Evidence Lab. But the effects aren't even across the industry, and "certain categories are more impacted than others," Johnson said.
Snacking, once one of the fastest-growing grocery segments, has taken the biggest hit. About 70% of GLP-1 users who report consuming fewer calories said that they are snacking less, according to a survey conducted by EY-Parthenon last spring.
"I think it is about the specific type of snack, but I do think they're also snacking less ... Having said that, we do see that there is a shift to healthier foods, and that certainly will include healthier snacking," Johnson said.
Think more yogurt, nuts or fruit, and fewer chips or pretzels.
Since GLP-1 drugs lead patients to lower their caloric intake, every calorie consumed means more. Protein intake is more important to prevent muscle loss. So, too, is fiber to support gut health and digestion. And staying hydrated helps mitigate some of the drugs' side effects, like nausea and headaches.
The effects of eating less extend to restaurants. About 60% of those respondents to the EY-Parthenon survey said that they are dining out less frequently.
The shift could also hit full-service restaurants where diners order a drink with their meals. Roughly 45% of survey respondents who are eating and drinking less said that they are drinking less alcohol.
Surveys conducted by Bernstein indicate that the frequency of restaurant visits among GLP-1 users can fall by as much as 45%, depending on the category of food and the nature of the occasion, analyst Danilo Gargiulo of Bernstein wrote in a research note published on Tuesday.
The pullback in restaurant visits isn't spread evenly across times of day, according to Dana Baggett, executive director of restaurant client strategy at RRD, which works with more than 200 restaurant brands.
Lunch, so far, hasn't been impacted, she said. But breakfast has taken a hit, particularly from high-income GLP-1 users, who represent a bigger percentage of current patients, she said. In practice, that means fewer sugary coffee drinks and doughnuts, although options like Starbucks' protein cold foam could encourage those consumers to return.
Dinner, especially at fast-food restaurants, has taken the brunt of the damage so far.
Dinner traffic has fallen 6% among consumers who have been taking the medication regularly, according to Baggett; in other words, overall restaurant sales during dinner hours have declined about 0.4% due to GLP-1 use, she said. But as the number of consumers who use the drug consistently grows, so too will the pressure on restaurant traffic.
And snacking isn't confined to grocery store aisles. For limited-service restaurants, like McDonald's or Taco Bell, snacking accounts for 12% of spending, according to Bank of America Global Research.
Even so, threats to those large restaurants chains may only be gradual, which gives them time to adapt.
"I think there shouldn't be this panic out there in the marketplace, but this is a trend that's not going away," Baggett said. "This is an amazing opportunity for brands to start repositioning themselves and focusing on what consumers want: less sugar, higher protein and that focus on fiber."
How Big Food is evolvingIf recent earnings conference calls are any example, restaurant and food executives also think that it isn't time to panic just yet. For some companies, the trend offers a chance to reach new customers through healthier options.
"I think there are more opportunities than threats, but there are both," PepsiCo CEO Ramon Laguarta told Wall Street analysts on the company's earnings conference call in early February.
In recent months, Pepsi has released protein-packed Doritos, relaunched Gatorade and unveiled fiber-rich varieties of SunChips and Smartfood popcorn. Those moves are part of the company's broader strategy to modernize its portfolio and boost sales by appealing to health-conscious consumers, but they also align with Laguarta's assumption that GLP-1 medications will be adopted more broadly.
Domino's Pizza CEO Russell Weiner sounded unshaken when he told analysts last month that the pizza chain hasn't seen GLP-1 drugs affect its sales yet.
"Dinner, for us, is a sharing occasion, so perhaps that's why we're not seeing any impact, but we're going to continue to watch it," he said. "But if there needs to be menu innovation around that, we will do that."
RRD's Baggett told CNBC that she thinks portions and snack sizing will be key for restaurants to attract consumers who are on GLP-1 treatments.
When asked about the drugs on McDonald's earnings conference call last month, CEO Chris Kempczinski touted the burger chain's existing protein options. But he added that the preferences of GLP-1 users are also being considered as the chain creates new menu items.
"We're also seeing changes around maybe less snacking, changes in some of the beverages that they drink, less sugary drinks, and so all of those things are factoring into some of what we're out there experimenting with and testing with," he said.
Other restaurant chains have already launched options that appeal to diners on GLP-1 drugs, even if the medications weren't the key impetus. For example, Chipotle launched grab-and-go protein cups in December, aiming to cash in on the protein and snacking crazes as its restaurant sales struggled.
And Olive Garden, owned by Darden Restaurants, released a Lighter Portions menu last year, downsizing a handful of its classic entrees at a lower price. Darden CEO Rick Cardenas said that the chain introduced the new menu to give all of its customers more options.
"It just so happens to benefit the consumers that might want smaller portions that are on GLP-1 medications, and we have a lot of options like that in all of our menus," Cardenas said on the company's earnings conference call in December.
Marketing to GLP-1 usersOther companies have explicitly appealed to GLP-1 users, particularly when it comes to innovation.
In 2024, Nestle led the pack when it launched Vital Pursuit, a frozen-food brand targeting GLP-1 users. While the packaging initially didn't call out that it was "GLP-1 friendly," the food company updated it later to include it prominently, boosting sales.
"It's a big initiative for Nestle," Nestle USA CEO Marty Thompson told CNBC at a media event earlier in March. "There will be those things that are designed for GLP-1, and there will be those things that will be sort of a companion to GLP-1, clearly calling out protein and fiber, but not necessarily designed portion-size wise or whatever for GLP-1."
Nestle's focus will extend beyond food, too. Thompson said that the company plans to expand into beverages and listed protein shakes as one potential way to appeal to GLP-1 customers.
Even food companies without much exposure to GLP-1 users are broadening their portfolios to reach them.
For example, Dippin' Dots and Icee owner J&J Snack Foods makes most of its sales in stadiums, theme parks and malls. Because of its "experiential" focus, CEO Dan Fachner told CNBC that he thinks that J&J is more insulated from the effect of GLP-1 drugs compared with its snacking peers.
"I still think that in most cases, even people on GLP-1 drugs will still use those occasions for snacking," he said.
Even still, more than a year ago, Fachner presented employees with a challenge for the company's grocery business, which accounts for 13.5% of annual sales.
"Take the core products — pretzels and churros and Icees and Dippin' Dots and frozen novelties — tell me how we can make them more GLP-1 friendly as it continues to grow," he said.
This year, J&J has a number of new products hitting the freezer aisle. Protein has been added to its soft pretzels, now available in a smaller portion size. And Luigi's Italian Ice, traditionally sold in a cup, will come in a "mini pop size," with a formula that includes more antioxidants or helps hydration, according to Fachner. If the new products succeed in grocery stores, then J&J plans to take them to the company's food service customers, as well.
J&J's new products also have the benefit of appealing to a wider audience than just consumers who are on GLP-1 medication. For example, Fachner expects the new Luigi's mini pops will appeal to health-conscious moms as a snack for their kids.
Uptake could change strategiesFor restaurants and food suppliers, current data on the eating and drinking habits of GLP-1 users are informing their efforts to appeal to those consumers. But that behavior can still fluctuate.
About 5% of users lapse in taking the medications, due to cost, side effects or hitting their weight goal. After quitting, they tend to maintain the same eating habits for a couple of months before eventually returning to a higher caloric intake.
"I think that we don't spend enough time talking about the fact that there may be sort of a cycle of behaviors — people going on and off of the drugs — that will have sort of an interesting impact on manufacturers of food because there's no 'before' and 'after,'" EY's Johnson said. "It's a process."
And a whole new group of consumers could soon be taking daily pill versions of GLP-1 medications. It's too soon to tell if oral GLP-1 drugs will result in more consistent usage or higher quit rates and to know who exactly is trying the pill version over the injectable.
"I don't have a crystal ball, but my guess is from our survey that the folks using the oral version of the drug will be a new set of people, because one of the barriers to trial was — as can be expected — a lot of people don't like to take shots of injections," Johnson said.
There is one prediction that is widely accepted: the pill version will mean much higher adoption of GLP-1 drugs.
DAVENPORT and Co LLC trimmed its position in shares of J and J Snack Foods Corp. (NASDAQ: JJSF) by 5.6% during the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 233,408 shares of the company's stock after selling 13,836 shares during the
Allspring Global Investments Holdings LLC lifted its position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF – Free Report) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,739,411 shares of the company’s stock after acquiring an additional 26,975 shares during the quarter. Allspring Global Investments Holdings LLC owned 9.16% of J & J Snack Foods worth $157,451,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Ballentine Partners LLC grew its position in J & J Snack Foods by 6.1% in the third quarter. Ballentine Partners LLC now owns 2,195 shares of the company’s stock worth $211,000 after buying an additional 127 shares during the last quarter. Nicolet Advisory Services LLC increased its position in J & J Snack Foods by 5.8% in the 3rd quarter. Nicolet Advisory Services LLC now owns 2,592 shares of the company’s stock worth $246,000 after purchasing an additional 143 shares during the last quarter. RK Asset Management LLC raised its stake in shares of J & J Snack Foods by 0.5% during the 3rd quarter. RK Asset Management LLC now owns 29,948 shares of the company’s stock worth $2,878,000 after purchasing an additional 144 shares in the last quarter. Amalgamated Bank raised its stake in shares of J & J Snack Foods by 3.5% during the 3rd quarter. Amalgamated Bank now owns 4,584 shares of the company’s stock worth $440,000 after purchasing an additional 153 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in J & J Snack Foods by 38.0% in the third quarter. GAMMA Investing LLC now owns 966 shares of the company’s stock valued at $93,000 after acquiring an additional 266 shares during the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.
Wall Street Analyst Weigh In JJSF has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of J & J Snack Foods in a report on Friday. Benchmark reiterated a “buy” rating on shares of J & J Snack Foods in a report on Tuesday, January 20th. Finally, Zacks Research downgraded shares of J & J Snack Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $130.00.
Check Out Our Latest Research Report on J & J Snack Foods
J & J Snack Foods Stock Up 1.1% Shares of JJSF stock opened at $80.70 on Tuesday. J & J Snack Foods Corp. has a 12 month low of $73.75 and a 12 month high of $142.69. The company has a market cap of $1.53 billion, a PE ratio of 25.70 and a beta of 0.34. The business’s 50 day moving average is $85.05 and its two-hundred day moving average is $89.80.
J & J Snack Foods (NASDAQ:JJSF – Get Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $343.78 million during the quarter, compared to analysts’ expectations of $365.95 million. J & J Snack Foods had a net margin of 3.92% and a return on equity of 8.79%. J & J Snack Foods’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 earnings per share. As a group, equities analysts expect that J & J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.
J & J Snack Foods Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $3.20 dividend on an annualized basis and a yield of 4.0%. J & J Snack Foods’s payout ratio is currently 101.91%.
J & J Snack Foods announced that its Board of Directors has initiated a stock buyback plan on Tuesday, February 3rd that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
J & J Snack Foods Company Profile (Free Report)
J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.
Founded in 1971 by Gerald B.
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Phocas Financial Corp. purchased a new stake in shares of J & J Snack Foods Corp. (NASDAQ:JJSF – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 40,358 shares of the company’s stock, valued at approximately $3,647,000. Phocas Financial Corp. owned about 0.21% of J & J Snack Foods as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in shares of J & J Snack Foods by 902.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 351 shares of the company’s stock worth $40,000 after buying an additional 316 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in J & J Snack Foods by 897.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 439 shares of the company’s stock valued at $40,000 after acquiring an additional 395 shares during the last quarter. Assetmark Inc. boosted its stake in J & J Snack Foods by 19,000.0% in the third quarter. Assetmark Inc. now owns 955 shares of the company’s stock valued at $92,000 after acquiring an additional 950 shares in the last quarter. GAMMA Investing LLC boosted its stake in J & J Snack Foods by 38.0% in the third quarter. GAMMA Investing LLC now owns 966 shares of the company’s stock valued at $93,000 after acquiring an additional 266 shares in the last quarter. Finally, Covestor Ltd grew its holdings in J & J Snack Foods by 71.1% in the third quarter. Covestor Ltd now owns 1,013 shares of the company’s stock worth $97,000 after purchasing an additional 421 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors.
Analyst Ratings Changes Several analysts have recently commented on the company. Benchmark reiterated a “buy” rating on shares of J & J Snack Foods in a report on Tuesday, January 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of J & J Snack Foods in a research report on Friday, March 27th. Finally, Zacks Research cut J & J Snack Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, J & J Snack Foods has a consensus rating of “Hold” and a consensus target price of $130.00.
Read Our Latest Analysis on J & J Snack Foods
J & J Snack Foods Stock Performance NASDAQ:JJSF opened at $79.22 on Monday. J & J Snack Foods Corp. has a twelve month low of $73.75 and a twelve month high of $142.69. The company has a market cap of $1.51 billion, a PE ratio of 25.23 and a beta of 0.38. The company’s 50 day moving average is $83.77 and its two-hundred day moving average is $89.13.
J & J Snack Foods (NASDAQ:JJSF – Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. J & J Snack Foods had a net margin of 3.92% and a return on equity of 8.79%. The business had revenue of $343.78 million during the quarter, compared to analysts’ expectations of $365.95 million. During the same quarter last year, the company posted $0.33 earnings per share. The business’s quarterly revenue was down 5.2% on a year-over-year basis. As a group, analysts expect that J & J Snack Foods Corp. will post 4.75 EPS for the current fiscal year.
J & J Snack Foods Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Tuesday, March 17th will be paid a $0.80 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $3.20 dividend on an annualized basis and a yield of 4.0%. J & J Snack Foods’s dividend payout ratio (DPR) is 101.91%.
J & J Snack Foods announced that its Board of Directors has approved a share buyback plan on Tuesday, February 3rd that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
J & J Snack Foods Company Profile (Free Report)
J & J Snack Foods (NASDAQ: JJSF) is a U.S.-based manufacturer and distributor of branded snack foods and frozen beverages. Headquartered in Pennsauken, New Jersey, the company develops, produces and markets a broad array of proprietary and licensed products for retail, concession and foodservice customers. Its offerings span soft pretzels, frozen novelties, real Italian ice, churros and packaged beverages under well-known names such as ICEE, SuperPretzel, Luigi’s and ChurroMan.
Founded in 1971 by Gerald B.
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Volatility has a way of making investors forget what they're actually trying to do. The goal isn't to predict what the market does next month. It's about owning pieces of good businesses that pay you to wait, and ideally pay you more over time.
Consumer goods companies with good dividends have historically been the most reliable version of that idea. But within that category, there's a spectrum. Some are obvious, over-owned, and priced accordingly. Others are sitting at compelling valuations with above-average yields, and nobody is writing about them.
Here are three I'm looking at these days.
Image source: Getty Images.
1. Artisan Partners Asset Management Most people think of dividend stocks as utilities or consumer staples. But Artisan Partners Asset Management (APAM +2.75%) runs a high-quality global investment management business with a payout structure that's legitimately unusual and unusually generous.
The firm has $188.5 billion in assets under management as of February 2026, split roughly evenly between its branded Artisan Funds and separate accounts serving institutional and high-net-worth clients. Strategies span growth, value, credit, emerging markets, real estate, and custom credit, making it a diversified active manager outside of the mega-asset managers.
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What makes the dividend interesting is its structure. Artisan pays a base quarterly dividend plus a special annual dividend that varies based on earnings and distributable cash flow. Total dividends in 2024 came to $3.16 per share, and in February 2026, the company paid both a quarterly dividend and a special annual distribution.
At the current share price of just over $35, the trailing dividend yield is 11.4%. That yield isn't a red flag; it reflects a payout model built for a capital-light business that converts a high percentage of its revenue into distributable earnings.
Be wary -- the risk here is that the assets the company manages are market-sensitive, and a sustained equity bear market would compress fee revenue. But for an investor willing to accept some variability in the special dividend, Artisan offers a rare combination: an 11%-plus yield and a high-quality underlying business.
2. Natural Grocers by Vitamin Cottage Not every grocery chain is created equal. Natural Grocers by Vitamin Cottage (NGVC 0.32%) operates 168 stores in 21 states as of late 2025, selling only USDA-certified organic produce and exclusively pasture-raised, non-confinement dairy products. That product standard is a constraint, but it's also a moat. Natural Grocers doesn't compete on price against Walmart. It competes on trust.
In the first quarter of fiscal 2026, the company reported net income up 14% to $11.3 million on net sales of $335.6 million. Two-year comparable-store sales growth of 10.6% outpaced the broader grocery retail industry. The company ended the quarter with no outstanding borrowings and $23.2 million in cash.
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From a tariff perspective, Natural Grocers has an angle that most retailers don't. Its strict domestic-sourcing preferences and organic procurement practices limit import exposure. When tariffs hit conventional grocery supply chains, a retailer with deep domestic organic supplier relationships is insulated in ways that are hard to replicate quickly.
The dividend is modest at around a 2.1% yield, but the company has zero long-term debt and strong free-cash-flow coverage. The stock has pulled back from its 52-week high, and the current price looks like a reasonable entry point for a business that benefits from the long secular trend toward organic and natural food.
3. J&J Snack Foods J&J Snack Foods (JJSF 1.11%) sells SuperPretzels in shopping malls, ICEE drinks at movie theaters, and churros at stadiums. That distribution footprint ties it closely to where people gather -- and right now, the stock is trading near a 52-week low.
In fiscal Q1 2026, revenue declined 5.2% year over year to $343.8 million, and the company missed consensus estimates. That's the headline that pushed the stock down. But the gross margin actually improved by 200 basis points to 27.9%, and the company has no long-term debt and ended the quarter with $67 million in cash.
More relevant to long-term investors: J&J Snack Foods launched Project Apollo, a structural cost-reduction initiative that delivered $3 million in savings in its first quarter of operation. Management also authorized a new $50 million share repurchase program at the time of earnings.
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The quarterly dividend of $0.80 per share translates to an annualized dividend of $3.20 per share, yielding roughly 4.1%. That yield is the highest the stock has offered in several years. J&J Snack Foods has a history of consistent dividend payments and low debt.
I think the current weakness is cyclical, tied to soft foot traffic at entertainment and food-service venues. But stadiums still fill up, and people still want ICEE drinks at the movies. This dip looks like an opening for investors.
April 22, 2026 16:40 ET | Source: J & J Snack Foods Corp.
MOUNT LAUREL, N.J., April 22, 2026 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (Nasdaq: JJSF) today announced that it will release financial results for its fiscal second quarter ended March 28, 2026, before the stock market opens on Wednesday, May 6, 2026. The Company will hold a conference call and webcast to discuss the results at 10:00 a.m. Eastern Time that same day.
Investors interested in participating in the live call can dial (844) 826-3033 from the U.S. or international callers can dial (412) 317-5185. There will also be a live webcast available on the Investor Relations section of the Company's web site at https://investors.jjsnack.com/news-events/events or directly at https://viavid.webcasts.com/starthere.jsp?ei=1758571&tp_key=8bba556fd6. The webcast will be archived for approximately 30 days.
About J & J Snack Foods Corp.
J & J Snack Foods Corp. is a leader and innovator in the snack food industry, providing innovative, niche, and affordable branded snack foods and beverages to foodservice and retail supermarket outlets. Manufactured and distributed nationwide, our principal products include SUPERPRETZEL, the #1 soft pretzel brand in the world, as well as internationally known ICEE and SLUSH PUPPIE frozen beverages, DIPPIN’ DOTS ice cream, LUIGI’S Real Italian Ice, MINUTE MAID* frozen ices, WHOLE FRUIT sorbet and frozen fruit bars, ¡HOLA! CHURROS, and THE FUNNEL CAKE FACTORY funnel cakes and several bakery brands within DADDY RAY’S, COUNTRY HOME BAKERS and HILL & VALLEY. For more information, please visit http://www.jjsnack.com.
*MINUTE MAID is a registered trademark of The Coca-Cola Company.
J & J Snack Foods (NASDAQ:JJSF – Get Free Report) and Top Wealth Group (NASDAQ:TWG – Get Free Report) are both small-cap consumer staples companies, but which is the superior stock? We will contrast the two companies based on the strength of their earnings, analyst recommendations, institutional ownership, profitability, valuation, dividends and risk.
Valuation and Earnings This table compares J & J Snack Foods and Top Wealth Group”s revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio J & J Snack Foods $1.58 billion 1.01 $65.60 million $3.14 26.80 Top Wealth Group $4.75 million 0.43 -$2.02 million N/A N/A J & J Snack Foods has higher revenue and earnings than Top Wealth Group.
Analyst Ratings This is a breakdown of recent recommendations and price targets for J & J Snack Foods and Top Wealth Group, as provided by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score J & J Snack Foods 1 1 1 0 2.00 Top Wealth Group 1 0 0 0 1.00 J & J Snack Foods currently has a consensus target price of $130.00, indicating a potential upside of 54.47%. Given J & J Snack Foods’ stronger consensus rating and higher probable upside, equities research analysts plainly believe J & J Snack Foods is more favorable than Top Wealth Group.
Volatility & Risk J & J Snack Foods has a beta of 0.38, suggesting that its share price is 62% less volatile than the S&P 500. Comparatively, Top Wealth Group has a beta of 0.82, suggesting that its share price is 18% less volatile than the S&P 500.
Profitability This table compares J & J Snack Foods and Top Wealth Group’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets J & J Snack Foods 3.92% 8.79% 6.09% Top Wealth Group N/A N/A N/A Insider and Institutional Ownership 76.0% of J & J Snack Foods shares are held by institutional investors. 20.4% of J & J Snack Foods shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
Summary J & J Snack Foods beats Top Wealth Group on 11 of the 12 factors compared between the two stocks.
About J & J Snack Foods (Get Free Report)
J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods. The Retail Supermarkets segment offers soft pretzel products including Superpretzel, frozen juice treats and desserts, including Luigi’s real Italian ice, Minute Maid juice bars and soft frozen lemonade, Whole Fruit frozen fruit bars and sorbet, Philly Swirl cups and sticks, ICEE Squeeze-Up Tubes and dough enrobed handheld products including Patio burritos. The Frozen Beverages segment provides frozen beverages to the food service industry primarily under the names ICEE, SLUSH PUPPIE, and PARROT ICE in the United States, Mexico, and Canada, as well as repair and maintenance services. The company was founded by Gerald B. Shreiber in 1971 and is headquartered in Mount Laurel, NJ.
About Top Wealth Group (Get Free Report)
Top Wealth Group Holding Limited, through its subsidiaries, provides caviar and caviar-based gourmet products in Hong Kong and internationally. The company also trades in caviars; and offers its products under the Imperial Cristal Caviar brand name. It serves food and beverage related distributors. The company was founded in 2009 and is based in Sai Wan, Hong Kong. Top Wealth Group Holding Limited operates as a subsidiary of Winwin Development Group Limited.
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Dividend stocks are not all the same, and while some trade at over 30 times forward earnings, others are trading at bargain-basement prices. Stocks like General Mills (NYSE:GIS | GIS Price Prediction), Flowers Foods (NYSE:FLO), and J&J Snack Foods (NASDAQ:JJSF) could be loaded springs that can deliver 100%-plus upside in the next 12-24 months.
Each of these stocks pays you a solid dividend yield and is a cash cow. The problem is, each of them has gotten hit by a slowdown or is grappling with high interest rates or low margins. It has scared away investors, but buying the dip right now can be the smarter move for the long run since these are well-established companies that are likely to recover eventually. Dividend-paying businesses see dips all the time, but if you can buy the dips and reinvest the dividends through them, the recovery will give you more than a growth stock ever could.
General Mills (GIS) General Mills sells packaged foods like snacks, cereal, and convenient meals, among others. This is the market that got hit by the GLP-1 scare, but investors are misjudging how big the impact is and where the real pain is coming from.
If we look at sales, it declined from a peak of $20.09 billion in FY2023 to $19.5 billion in FY2025. This isn’t a disastrous decline, and the growth slowdown isn’t without precedent either. General Mills saw revenue decline from $17.9 billion in FY2014 to $15.6 billion in FY2017. The stock fell from a 2016 peak of $64 to a low of around $44.
The decline we are seeing now is from a $90 peak to a current price of $34.8. The decline we saw in the 2010s had a similar impact on profits. So what’s different this time?
It’s interest rates.
General Mills posted $524.2 million in net interest losses in FY2025. In FY2023, net interest losses were $379.6 million. Moreover, apart from interest losses, consumers themselves felt the pinch, and snacks and cereals saw lost sales.
However, a rebound from here is only a matter of time as interest rates eventually come down and margins stabilize. GIS stock trades at just 8.5 times earnings, and you get a 7% dividend yield to bet on a recovery. If you count the buybacks, the shareholder yield rises to 8.6%.
Flowers Foods (FLO) FLO stock is on a similar trajectory to that of GIS. The company sells baked products and has been on a reliable growth trajectory for decades. FLO stock even matched the Nasdaq’s performance for many years while delivering a solid yield and more safety during downturns. The stock then fell off significantly since mid-2023 as interest rates were raised and GLP-1 fears took center stage.
I believe FLO stock is close to a recovery, as the stock is as cheap as it gets without being ridiculous. The dividend yield is at 11.1%, and management has not cut its dividend. FLO’s payout ratio still covers the dividends despite the margin decline, and analysts expect the margins to claw back over the coming years.
In the meantime, you are paying less than 0.4 times sales and nearly 10 times forward earnings for a business that has grown its dividends for 12 years consecutively while being a cash cow.
The stock trades at just 6 times free cash flow. The average consumer packaged goods business trades at 16 times FCF on the stock market. Historically, FLO stock has traded at over 18 times FCF. Hence, a 100%-plus recovery is likely once things eventually normalize here.
J&J Snack Foods (JJSF) J&J Snack Foods sells snacks and frozen beverages. Having “snacks” in the company’s name alone has been enough for investors to run away from a stock due to GLP-1 fears. Thankfully, these fears have been fading, and JJSF is showing signs that it is turning the corner.
The stock is down 52% from its highs, and I see a full recovery above $180 within the next two years. I expect the recovery to come even faster if interest rate cuts aren’t delayed significantly, as the dividend yield of 3.66% is on the verge of being competitive against Treasuries.
The stock still trades at a premium at 20 times forward earnings, but this is cheap historically since JJSF stock has traded at a premium valuation historically. The historical forward PE ratio has been around 35x.
Wall Street expects a year-over-year increase in earnings on higher revenues when Post Holdings (POST - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis cereal maker is expected to post quarterly earnings of $1.64 per share in its upcoming report, which represents a year-over-year change of +16.3%.
Revenues are expected to be $2.06 billion, up 5.6% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 5.35% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Post Holdings?For Post Holdings, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -4.27%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that Post Holdings will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Post Holdings would post earnings of $1.66 per share when it actually produced earnings of $2.13, delivering a surprise of +28.31%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Post Holdings doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAmong the stocks in the Zacks Food - Miscellaneous industry, J&J Snack Foods (JJSF - Free Report) , is soon expected to post earnings of $0.39 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +11.4%. This quarter's revenue is expected to be $345 million, down 3.1% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for J&J Snack Foods has remained unchanged. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that J&J Snack Foods will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
MOUNT LAUREL, N.J., May 06, 2026 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (Nasdaq: JJSF) today reported financial results for the first quarter ended March 28, 2026.
Second QuarterActuals$ v. LY% v. LYNet Sales$344.8M$(11.3)M(3.2)%Gross Profit$99.3M$3.6M3.8%Operating Income$1.8M($4.2M)(70.1%)Net Earnings$1.7M($3.1M)(65.2%)Earnings per Diluted Share$0.09($0.16)(64.0%) Adjusted Operating Income$9.6M$0.8M8.7%Adjusted EBITDA$28.7M$2.5M9.5%Adjusted Earnings per Diluted Share$0.40$0.0514.3% This press release contains non-GAAP financial measures. Please refer to the Non-GAAP Financial Measures section below for reconciliations to the most comparable GAAP measures.
"Our second quarter results demonstrate meaningful progress in our strategic transformation, with strong profitability improvements that position us well for the future," said Dan Fachner, Chairman, President, and CEO of J&J Snack Foods. "Our transformation initiatives and mix improvements enabled us to drive solid bottom line growth including a 9.5% increase in Adjusted EBITDA and a 14.3% increase in Adjusted earnings per share. These results clearly show that Project Apollo is delivering tangible benefits and improving our underlying business performance.
"The innovative product launches we discussed last quarter are now reaching customers with positive early reception, and our pipeline remains robust. During the quarter, we repurchased $22 million of stock and we continue to see compelling value in our shares as we execute our transformation strategy."
Second Quarter Results
Net sales decreased 3.2% from the prior year quarter to $344.8 million, with most of the decline attributable to anticipated reductions to our bakery business.
Food Service segment net sales decreased 5.0%Retail Supermarket segment net sales decreased 4.1%Frozen Beverage segment net sales increased 3.1%
Gross profit increased from $95.7 million in the prior year quarter to $99.3 million, while gross margin improved from 26.9% to 28.8%. The improvement in gross margin primarily reflects our Apollo transformation initiatives and mix improvements versus the prior year.
Total operating expenses of $97.5 million included $6.5 million in non-recurring plant closure costs, as well as other non-recurring expenses. Of the non-recurring costs, $4.1 million was non-cash.
Selling and Marketing expenses increased 5.5% to $30.1 million or 8.7% of sales, up from 8.0% in the prior year quarter. The increase included investments in brand support and sponsorships.Distribution expenses decreased 0.2% to $41.7 million or 12.1% of sales up from 11.7% in the prior year quarter. Distribution expenses included higher fuel costs of approximately $0.4 million.Administrative expenses increased 7.2% to $21.2 million or 6.1% of sales, up from 5.5% in the prior year quarter. The increase was primarily due to a $0.9 million increase in non-recurring legal expenses and other restructuring charges including severance.
Operating income was $1.8 million, compared to $6.0 million in the prior year quarter, while adjusted operating income was $9.6 million, compared to $8.9 million in the prior year quarter. Earnings per diluted share were $0.09, compared to $0.25 in the prior year quarter, while adjusted earnings per diluted share were $0.40, compared to $0.35 in the prior year quarter. The effective tax rate was 28.1%, compared to 27.2% in the prior year quarter.
Food Service Segment
Net sales of $214.7 million, a year-over-year decrease of $11.4 million or 5.0%. Anticipated reductions in our lower margin bakery business represented approximately $8.0 million of the decline.Pretzels sales increased $6.7 million, partly offsetting lower sales of handhelds, cookies, and churros.Operating income increased $3.4 million to $10.9 million. Retail Supermarket Segment
Net sales of $51.6 million, a year-over-year decrease of $2.2 million or 4.1%.Frozen novelty sales declined $3.9 million, driven primarily by increased slotting fees associated with our new product innovation and higher trade investment compared to the prior year.Retail handheld sales increased as we lapped capacity constraints in the prior year.Operating income decreased $3.9 million to a ($0.4) million loss. Frozen Beverages Segment
Net sales of $78.5 million, a year-over-year increase of $2.3 million or 3.1%.Beverage sales were up $5.2 million while service sales declined $3.2 million.Operating income increased $2.1 million to $4.6 million.
Share Repurchases
During the quarter, we repurchased 259,889 shares of common stock for $22 million. As of March 28, 2026, there was $28 million remaining under the $50 million share repurchase program approved by the Board of Directors.
Conference Call
J&J Snack Foods Corp. will host a conference call to discuss results and business outlook today, May 6, 2026, at 10:00 a.m. Eastern Time. Investors interested in participating in the live call can dial (844) 826-3033 from the U.S. or international callers can dial (412) 317-5185. There will also be a live webcast available on the Investor Relations section of the Company's web site at investors.jjsnack.com/news-events/events or directly here. The webcast will be archived for approximately 30 days.
About J & J Snack Foods Corp.
J & J Snack Foods Corp. (Nasdaq: JJSF) is a leader and innovator in the snack food and frozen beverage industry. For over fifty years, the company has specialized in delicious snack and beverage brands for the foodservice and retail segments, serving up fun across the U.S. market. J & J Snack Foods’ core brands include SUPERPRETZEL, the #1 soft pretzel brand, ICEE and SLUSH PUPPIE frozen beverages, and Dippin’ Dots, the original beaded ice cream. The company’s broad brand portfolio also includes LUIGI’S Real Italian Ice, MINUTE MAID* frozen ices, WHOLE FRUIT frozen fruit bars, DOGSTERS ice cream style treats for dogs, ¡Hola! Churros, THE FUNNEL CAKE FACTORY funnel cakes and fries, and bakery brands including MARY B’S, DADDY RAY’S, COUNTRY HOME BAKERS, and HILL & VALLEY. For more information, please visit http://www.jjsnack.com. *MINUTE MAID is a registered trademark of The Coca-Cola Company.
Cautionary Statement Regarding Forward-Looking Information
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding the Company’s expected future financial position, results of operations, revenue growth and profit levels, cash flows, business strategy, budgets, projected costs, capital expenditures, products, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as “anticipate,” “if,” “believe,” “plan,” “goals,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements. This includes, without limitation, our statements, and expectations regarding any current or future recovery in our industry and the future impact of our operational efficiency projects. Such forward-looking statements are inherently uncertain, and readers must recognize that actual results may differ materially from the expectations of management. We do not undertake a duty to update such forward-looking statements. Factors that may cause actual results to differ materially from those in the forward-looking statements include consumer spending, price competition, acceptance of new products, the pricing and availability of raw materials, transportation costs, changes in the competitive marketplace the uncertainty and ultimate economic impact of the COVID-19 pandemic or similar health outbreaks, and other risks identified in our annual report on Form 10-K, and our other filings with the Securities and Exchange Commission. Many of these factors are outside of the Company’s control.
Non-GAAP Financial Measures
Adjusted EBITDA consists of net earnings adjusted to exclude: income taxes (benefit); investment income; interest expense; depreciation and amortization; share-based compensation expense; net (gain) loss on sale or disposal of assets; impairment charges, restructuring costs, merger and acquisition costs, acquisition related inventory adjustments, strategic business transformation costs, integration costs, non-recurring legal fee settlements, gain on insurance proceeds received for damage to property, plant and equipment, and plant closure expenses. Adjusted Operating Income consists of operating income adjusted to exclude: impairment charges, restructuring costs, merger and acquisition costs, acquisition related amortization expenses and inventory adjustments, strategic business transformation costs, integration costs, non-recurring legal fee settlements, gain on insurance proceeds received for damage to property, plant and equipment, and plant closure expenses. Adjusted Earnings per Diluted Share consists of net earnings adjusted to exclude: impairment charges, restructuring costs, merger and acquisition costs, acquisition related amortization expenses and inventory adjustment, strategic business transformation costs, integration costs, non-recurring legal fee settlements, gain on insurance proceeds received for damage to property, plant and equipment, and plant closure expenses. For purposes of comparability, the income tax effect of pre-tax adjustments is determined using statutory tax rates. This press release contains certain non-GAAP financial measures; Adjusted EBITDA, Adjusted Operating Income, and Adjusted Earnings per Diluted Share. A "non-GAAP financial measure" is a numerical measure of a company's financial performance that excludes or includes amounts so as to be different than the most directly comparable measure calculated and presented in accordance with U.S. generally accepted accounting principles ("GAAP") in the statements of income, balance sheets, or statements of cash flow of the company. Pursuant to applicable reporting requirements, the company has provided reconciliations below of non-GAAP financial measures to the most directly comparable GAAP measure. The non-GAAP financial measures presented within the Company's earnings release are not indicators of our financial performance under GAAP and should not be considered as an alternative to the applicable GAAP measure. These non-GAAP measures have limitations as analytical tools, and you should not consider them in isolation or as a substitute for analysis of our results as reported under GAAP. In addition, in evaluating these non-GAAP measures, you should be aware that in the future we may incur income, expenses, gains and losses, similar to the adjustments in this press release. Our presentation of these non-GAAP measures should not be construed as an inference that our future results will be unaffected by unusual or infrequent items. We compensate for these limitations by providing equal prominence to our GAAP results and using non-GAAP measures only as supplemental presentations. The non-GAAP measures presented are utilized by management to evaluate the Company's business performance and profitability by excluding certain items that may not be indicative of our recurring core business operating results. The Company believes that these measures provide additional clarity for investors by excluding specific income, expenses, gains, and losses, in an effort to show comparable business operating results for the periods presented. Similarly, Management believes these adjusted measures are useful performance measures because certain items included in the calculations may either mask or exaggerate trends in the Company’s ongoing operating performance. See the reconciliation of Non-GAAP Financial Measures below.
J & J SNACK FOODS CORP. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF EARNINGS(Unaudited)(in thousands, except per share amounts) Three months ended Six months ended March 28, March 29, March 28, March 29, 2026 2025 2026 2025 Net sales$344,819 $356,099 $688,597 $718,697 Cost of goods sold 245,527 260,396 493,293 529,093 Gross profit 99,292 95,703 195,304 189,604 Operating expenses Marketing 30,083 28,507 61,582 57,176 Distribution 41,737 41,833 79,793 81,443 Administrative 21,184 19,754 41,561 38,657 Gain on insurance proceeds received for damage to property, plant and equipment - - (800) - Plant closure expenses 4,756 - 10,869 - Other general expense (271) (414) (141) 66 Total operating expenses 97,489 89,680 192,864 177,342 Operating income 1,803 6,023 2,440 12,262 Other income (expense) Investment income 832 689 1,544 1,726 Interest expense (302) (85) (441) (297) Earnings before income taxes 2,333 6,627 3,543 13,691 Income tax expense 656 1,803 983 3,724 NET EARNINGS$1,677 $4,824 $2,560 $9,967 Earnings per diluted share$0.09 $0.25 $0.13 $0.51 Weighted average number of diluted shares 18,930 19,563 19,136 19,568 Earnings per basic share$0.09 $0.25 $0.13 $0.51 Weighted average number of basic shares 18,910 19,488 19,113 19,480 J & J SNACK FOODS CORP. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(Unaudited)(in thousands, except share amounts) March 28, September 27, 2026 2025 Assets Current assets Cash and cash equivalents$59,746 $105,893 Accounts receivable, net 178,011 184,069 Inventories 171,561 175,173 Prepaid expenses and other 24,169 13,197 Total current assets 433,487 478,332 Property, plant and equipment, at cost 1,030,562 1,009,463 Less accumulated depreciation and amortization 646,912 619,310 Property, plant and equipment, net 383,650 390,153 Other assets Goodwill 185,070 185,070 Trade name intangible assets, net 105,920 105,920 Other intangible assets, net 63,930 66,730 Operating lease right-of-use assets 149,591 151,538 Other 3,488 3,758 Total other assets 507,999 513,016 Total Assets$1,325,136 $1,381,501 Liabilities and Stockholders' Equity Current Liabilities Current portion of long-term debt$29,000 $- Current finance lease liabilities 615 563 Accounts payable 89,631 82,405 Accrued insurance liability 15,718 16,441 Accrued liabilities 12,326 12,606 Current operating lease liabilities 23,064 21,624 Accrued compensation expense 22,143 26,475 Dividends payable 15,003 15,552 Total current liabilities 207,500 175,666 Long-term debt - - Noncurrent finance lease liabilities 1,117 1,355 Noncurrent operating lease liabilities 138,737 140,021 Deferred income taxes 91,180 91,703 Other long-term liabilities 6,526 6,061 Stockholders' Equity Preferred stock, $1 par value; authorized 10,000,000 shares; none issued - - Common stock, no par value; authorized, 50,000,000 shares; issued and outstanding 18,753,000 and 19,440,000 respectively 78,110 139,118 Accumulated other comprehensive loss (10,607) (12,647)Retained Earnings 812,573 840,224 Total stockholders' equity 880,076 966,695 Total Liabilities and Stockholders' Equity$1,325,136 $1,381,501 J & J SNACK FOODS CORP. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)(in thousands) Six months ended March 28, March 29, 2026 2025 Operating activities: Net earnings$2,560 $9,967 Adjustments to reconcile net earnings to net cash provided by operating activities Depreciation of fixed assets 34,799 31,585 Amortization of intangibles and deferred costs 2,800 3,925 Losses (Gains) from disposals of property & equipment 168 (77) Non-cash plant shutdown expenses 5,046 - Non-cash impairment charge 850 - Share-based compensation 3,131 2,753 Deferred income taxes (480) 56 Gain on insurance proceeds received for damage to property, plant, and equipment (800) - Other 270 209 Changes in assets and liabilities, net of effects from purchase of companies Decrease in accounts receivable 6,378 15,794 Decrease (Increase) in inventories 2,057 (13,167) Net changes in other operating assets and liabilities (5,137) (3,573) Net cash provided by operating activities 51,642 47,472 Investing activities: Purchases of property, plant and equipment (35,184) (38,530) Proceeds from disposal of property and equipment 421 622 Proceeds from insurance for fixed assets 800 - Net cash (used in) investing activities (33,963) (37,908) Financing activities: Payments to repurchase common stock (63,981) (5,000) Proceeds from issuance of stock 1,160 2,886 Purchase of vested employee service share units and performance share units (728) - Borrowings under credit facility 75,000 15,000 Repayment of borrowings under credit facility (46,000) (15,000) Payments on finance lease obligations (249) (121) Payment of cash dividend (30,760) (30,371) Net cash (used in) financing activities (65,558) (32,606) Effect of exchange rates on cash and cash equivalents 1,732 (1,838) Net (decrease) in cash and cash equivalents (46,147) (24,880)Cash and cash equivalents at beginning of period 105,893 73,394 Cash and cash equivalents at end of period$59,746 $48,514 J & J SNACK FOODS CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) (in thousands) Three months ended Six months ended March 28, March 29, March 28, March 29, 2026 2025 2026 2025 Sales to external customers: Food Service$214,665 $226,053 $433,821 $464,936 Retail Supermarket 51,620 53,848 97,502 98,565 Frozen Beverages 78,534 76,198 157,274 155,196 Consolidated sales to external customers$344,819 $356,099 $688,597 $718,697 Operating Income: Food Service$10,855 $7,465 $20,954 $16,279 Retail Supermarket (385) 3,512 775 4,703 Frozen Beverages 4,636 2,522 8,685 7,213 Total Segment Operating Income 15,106 13,499 30,414 28,195 General corporate expenses 8,547 7,476 17,905 15,933 Gain on insurance proceeds received for damage to property, plant and equipment - - (800) - Plant closure expense 4,756 - 10,869 - Total Unallocated Operating Expenses (net) 13,303 7,476 27,974 15,933 Total Operating Income$1,803 $6,023 $2,440 $12,262 J & J SNACK FOODS CORP. AND SUBSIDIARIES NON-GAAP FINANCIAL MEASURES (Unaudited) (in thousands) Three months ended Six months ended March 28, March 29, March 28, March 29, 2026 2025 2026 2025 Reconciliation of GAAP Net Earnings to Adjusted EBITDA Net Earnings $1,677 $4,824 $2,560 $9,967 Income Taxes 656 1,803 983 3,724 Investment Income (832) (689) (1,544) (1,726) Interest Expense 302 85 441 297 Depreciation and Amortization 18,915 17,766 37,599 35,510 Share-Based Compensation 1,652 1,627 3,131 2,752 Gain on insurance proceeds received for damage to property, plant and equipment - - (800) - Restructuring Costs 1,244 260 1,501 260 Non-recurring Legal Expenses 483 591 802 591 Net (Gain) Loss on Sale or Disposal of Assets (175) (69) 168 77 Plant closure expenses 4,756 - 10,869 - Adjusted EBITDA $28,678 $26,198 $55,710 $51,452 Reconciliation of GAAP Operating Income to Adjusted Operating Income Operating Income $1,803 $6,023 $2,440 $12,262 Gain on insurance proceeds received for damage to property, plant and equipment - - (800) - Restructuring Costs 1,244 260 1,501 260 Non-recurring Legal Expenses 483 591 802 591 Acquisition Related Amortization Expenses 1,357 1,995 2,800 3,925 Plant closure expenses 4,756 - 10,869 - Adjusted Operating Income $9,643 $8,869 $17,612 $17,038 Reconciliation of GAAP Earnings per Diluted Share to Adjusted Earnings per Diluted Share Earnings per Diluted Share $0.09 $0.25 $0.13 $0.51 Gain on insurance proceeds received for damage to property, plant and equipment - - (0.04) - Restructuring Costs 0.07 0.01 0.08 0.01 Non-recurring Legal Expenses 0.03 0.03 0.04 0.03 Acquisition Related Amortization Expenses 0.07 0.10 0.15 0.20 Plant closure expenses 0.25 - 0.57 - Tax Effect of Non-GAAP Adjustments (1) (0.11) (0.04) (0.22) (0.07) Adjusted Earnings per Diluted Share $0.40 $0.35 $0.71 $0.68 (1) Income taxes associated with pre-tax adjustments determined using statutory tax rates
J&J Snack Foods (JJSF - Free Report) came out with quarterly earnings of $0.4 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.56%. A quarter ago, it was expected that this drink and snack maker would post earnings of $0.32 per share when it actually produced earnings of $0.33, delivering a surprise of +3.13%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
J&J Snack Foods, which belongs to the Zacks Food - Miscellaneous industry, posted revenues of $344.82 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.05%. This compares to year-ago revenues of $356.1 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
J&J Snack Foods shares have lost about 6.4% since the beginning of the year versus the S&P 500's gain of 6%.
What's Next for J&J Snack Foods?While J&J Snack Foods has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for J&J Snack Foods was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.10 on $450 million in revenues for the coming quarter and $4.35 on $1.56 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Food - Miscellaneous is currently in the bottom 19% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Celsius Holdings Inc. (CELH - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 7.
This company is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents a year-over-year change of +61.1%. The consensus EPS estimate for the quarter has been revised 2.2% lower over the last 30 days to the current level.
Celsius Holdings Inc.'s revenues are expected to be $755.22 million, up 129.4% from the year-ago quarter.
May 28, 2026 16:30 ET | Source: J & J Snack Foods Corp.
MOUNT LAUREL, N.J., May 28, 2026 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (Nasdaq: JJSF) announced today that its Board of Directors has declared a quarterly cash dividend of $0.80 per share of its common stock payable on July 7, 2026, to shareholders of record as of the close of business on June 16, 2026.
The declaration and payment of dividends is subject to the discretion of the Board of Directors and depends on various factors, including the Company’s net income, financial position, cash requirements, restrictions in our credit facility and other factors deemed relevant by our Board of Directors.
About J & J Snack Foods Corp.
J & J Snack Foods Corp. is a leader and innovator in the snack food industry, providing innovative, niche, and affordable branded snack foods and beverages to foodservice and retail supermarket outlets. Manufactured and distributed nationwide, our principal products include SUPERPRETZEL, the #1 soft pretzel brand in the world, as well as internationally known ICEE and SLUSH PUPPIE frozen beverages, DIPPIN’ DOTS ice cream, LUIGI’S Real Italian Ice, MINUTE MAID* frozen ices, WHOLE FRUIT sorbet and frozen fruit bars, HOLA! CHURROS, and THE FUNNEL CAKE FACTORY funnel cakes and several bakery brands within DADDY RAY’S, COUNTRY HOME BAKERS and HILL & VALLEY. For more information, please visit http://www.jjsnack.com.
*MINUTE MAID is a registered trademark of The Coca-Cola Company.
Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to our public filings for a discussion of certain important factors that relate to forward-looking statements contained in this press release. The words "believe," "expect," "anticipate," "estimate," "guidance," "target," "intend" and similar expressions identify forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
