J&J Snack Foods Corp.
J&J Snack Foods Corp. has announced that it will be increasing
prices across many of its product lines in April because of
"continuing unprecedented commodity cost increases impacting its.
ingredients input costs." The price increases will be centered on
products that are particularly impacted by increases in dairy and wheat
costs. The increases will be as high as 12% depending on the ingredient
makeup of individual product lines. This will be J & J's second
price increase in a six month period as it attempts to recover more of
the commodity cost increases which have been impacting its margins.
Gerald B. Shreiber, J & J's President and Chief Executive
Officer, commented, "While we continue to manage our company for
the long term and are sensitive to the impact on our customers, we feel
it necessary to take this additional pricing action because commodity
costs have escalated sharply since we announced our previous price
increase. We will not allow our margins to deteriorate further without
attempting to at least partially offset the continuing cost increases.
While we hope that the commodity prices impacting us have reached their
peak, we will evaluate the need for further pricing if commodity prices
continue to escalate or our margins continue to decrease. We are not at
this time providing an estimate of how much of the overall commodity
costs increase will be recovered."