J & J SNACK FOODS (JJSF) Q4 2025 Financial Results Summary
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J & J Snack Foods Corp. (JJSF) Q4 2025 Financial Results Summary
Mount Laurel, NJ, November 17, 2025 – J & J Snack Foods Corp. (Nasdaq: JJSF) today reported financial results for the fourth quarter and full year ended September 27, 2025.
Summary of Financial Results
Key Metrics for Q4 2025 vs. Q4 2024:
- Net Sales:
- $410.2 million (↓ 4%)
- Gross Profit:
- $130.2 million (↓ 4%)
- Operating Income:
- $11.5 million (↓ 71%)
- Net Earnings:
- $11.4 million (↓ 62%)
- Earnings per Diluted Share:
- $0.58 (↓ 62%)
- Adjusted Operating Income:
- $37.7 million (↓ 10%)
- Adjusted EBITDA:
- $57.4 million (↓ 4%)
- Adjusted Earnings per Diluted Share:
- $1.58 (↓ 1%)
Key Metrics for Full-Year 2025 vs. Full-Year 2024:
- Net Sales:
- $1,583.2 million (↑ 1%)
- Gross Profit:
- $469.9 million (↓ 3%)
- Operating Income:
- $84.3 million (↓ 28%)
- Net Earnings:
- $65.6 million (↓ 24%)
- Earnings per Diluted Share:
- $3.36 (↓ 24%)
- Adjusted Operating Income:
- $108.2 million (↓ 17%)
- Adjusted EBITDA:
- $180.9 million (↓ 10%)
- Adjusted Earnings per Diluted Share:
- $4.27 (↓ 13%)
Additional Highlights:
- Q4 Sales Challenges:
- Sales were impacted primarily due to challenges in the Frozen Beverage segment which faced tough comparisons from strong sales associated with the “Inside Out 2” movie released last year.
- Segment Performance:
- Food Service: Sales decreased by 1.1% to $259.3 million.
- Retail Supermarket: Sales decreased by 8.1% to $51.4 million.
- Frozen Beverages: Sales decreased by 8.3% to $99.6 million.
- Growth in Specific Products:
- Pretzel sales in the Food Service segment saw an increase of 3.6%.
- Soft pretzel sales in the Retail Supermarket segment grew by 9.0%.
Cost and Expense Overview:
- Gross Margin:
- Margins slightly declined to 31.7% (down from 31.8%).
- Total Operating Expenses:
- Increased to $118.8 million, comprising 29.0% of sales compared to 22.4% in the prior year.
- Marketing and Selling Expenses:
- Increased by 4.8% to $32.6 million.
- Distribution Expenses:
- Decreased by 8.3% to $42.2 million.
- Administrative Expenses:
- Rose by 5.1% to $19.1 million.
Shareholder Actions:
- Dividends:
- The company paid a cash dividend of $60.8 million for the fiscal year.
- Share Repurchase:
- The company initiated a share repurchase of $8 million during the year.
Future Outlook:
- J & J Snack Foods Corp. plans to launch major commercial programs in fiscal 2026, focusing on innovation and “better-for-you” product attributes.
- A comprehensive business transformation program aims to generate an annualized operating income of at least $20 million, with an expected $3 million to $5 million in additional non-recurring charges in fiscal 2026.
Additional Commentary:
- CEO Dan Fachner expressed confidence in the company’s robust portfolio and indicated that the balance sheet remains strong with $106 million in cash and no debt, positioning the company well for sustainable growth.
For further details, the company will host a conference call to discuss the results and business outlook on November 17, 2025, at 10:00 a.m. Eastern Time.
J & J SNACK FOODS CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
(Unaudited)
(in thousands, except per share amounts)
| Quarter ended | Fiscal year ended |
|---|---|
| September 27, 2025 | September 28, 2025 |
| September 28, 2024 | September 28, 2024 |
| Net sales $410,243 | $1,583,233 |
| Cost of goods sold $280,010 | $1,113,351 |
| Gross profit $130,233 | $469,882 |
| Operating expenses | |
| Marketing and Selling $32,583 | $123,606 |
| Distribution $42,177 | $168,305 |
| Administrative $19,102 | $77,787 |
| Intangible asset $757 | $2,257 |
| impairment charges | |
| Gain on insurance $- | $(10,622) |
| proceeds received for | |
| damage to property, | |
| plant, and equipment | $- |
| Plant closure $24,073 | $24,073 |
| expenses | |
| Other general expense $74 | $150 |
| Total operating $118,766 | $385,556 |
| expenses | |
| Operating income $11,467 | $84,326 |
| Other income (expense) | |
| Investment income $1,248 | $3,596 |
| Interest expense $(755) | $(1,493) |
| Earnings before income $11,960 | $86,429 |
| taxes | |
| Income tax expense $579 | $20,834 |
| NET EARNINGS $11,381 | $65,595 |
| Earnings per diluted $0.58 | $3.36 |
| share | |
| Weighted average | |
| number of diluted shares $19,549 | $19,548 |
| Earnings per basic $0.59 | $3.37 |
| share | |
| Weighted average | |
| number of basic shares $19,451 | $19,467 |
J & J SNACK FOODS CORP. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(in thousands, except share amounts)
| Assets | September 27, 2025 | September 28, 2024 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents $105,893 | $73,394 | |
| Accounts receivable, net $184,069 | $189,233 | |
| Inventories $175,173 | $173,141 | |
| Prepaid expenses and other $13,197 | $14,646 | |
| Total current assets $478,332 | $450,414 | |
| Property, plant and equipment, at cost $1,009,463 | $1,012,043 | |
| Less accumulated depreciation and | ||
| amortization | $619,310 | $620,858 |
| Property, plant and equipment, net $390,153 | $391,185 | |
| Other assets | ||
| Goodwill $185,070 | $185,070 | |
| Trade name intangible assets, net $105,920 | $109,695 | |
| Other intangible assets, net $66,730 | $72,561 | |
| Operating lease right-of-use assets $151,538 | $152,383 | |
| Other $3,758 | $3,793 | |
| Total other assets $513,016 | $523,502 | |
| Total Assets $1,381,501 | $1,365,101 | |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities | ||
| Current finance lease liabilities $563 | $243 | |
| Accounts payable $82,405 | $89,268 | |
| Accrued insurance liability $16,441 | $16,933 | |
| Accrued liabilities $12,606 | $10,063 | |
| Current operating lease liabilities $21,624 | $19,063 | |
| Accrued compensation expense $26,475 | $23,325 | |
| Dividends payable $15,552 | $15,178 | |
| Total current liabilities $175,666 | $174,073 | |
| Long-term debt $- | $- | |
| Noncurrent finance lease liabilities $1,355 | $445 | |
| Noncurrent operating lease liabilities $140,021 | $140,751 | |
| Deferred income taxes $91,703 | $87,824 | |
| Other long-term liabilities $6,061 | $5,038 | |
| Stockholders’ Equity | ||
| Preferred stock, $1 par value; | $- | $- |
| authorized 10,000,000 shares; none | $- | $- |
| issued | ||
| Common stock, no par value; | $139,118 | $136,516 |
| authorized, 50,000,000 shares; issued and | ||
| outstanding 19,440,000 and 19,460,000 | ||
| respectively | ||
| Accumulated other comprehensive loss $(12,647) | $(15,299) | |
| Retained Earnings $840,224 | $835,753 | |
| Total stockholders’ equity $966,695 | $956,970 | |
| Total Liabilities and Stockholders’ Equity $1,381,501 | $1,365,101 |