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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."
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Title Annotation:Last Licks
Publication:Ice Cream Reporter
Date:Mar 20, 2008
Previous Article:NexCen Brands, parent to MaggieMoo's and Marble Slab Creamery among other companies, reported revenues of $34.4 million in 2007, its first full year...
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