Printer Friendly

J & J SNACK FOODS REPORTS FIRST QUARTER RESULTS

 PENNSAUKEN, N.J., Jan. 21 /PRNewswire/ -- J & J Snack Foods Corp. (NASDAQ: JJSF) today announced increased sales but decreased earnings for the first quarter ended Dec. 26, 1992.
 Sales increased 14 percent to $30,792,000 from $27,043,000 in last year's first quarter. Net earnings decreased 36 percent to $528,000 in the current quarter from $830,000 last year. Earnings per share were $.05 based on 10,317,000 shares for the first quarter compared to $.08 based on 10,858,000 shares last year.
 Gerald B. Shreiber, J & J's president and chief executive officer, commented, "Although earnings were essentially in line with our business plan, they were impacted by increased seasonal losses in connection with the expansion of our frozen carbonated beverage business and lower than expected sales of our retail products."
 J & J Snack Foods manufactures and markets nutritional snack foods to the food service and retail supermarket industries. Its principal products include SUPERPRETZEL soft pretzels, ICEE, FROZEN COKE and ARCTIC BLAST frozen carbonated beverages, frozen treats and desserts, churros and baked goods. J & J has plant facilities in Pennsauken; Scranton and Hatfield, Pa.; Vernon (Los Angeles) and Santa Fe Springs, Calif.; and Chicago Heights, Ill. Corporate headquarters are in Pennsauken and frozen carbonated beverage divisions are headquartered in Ontario, Calif., and Oak Park, Mich.
 J & J SNACK FOODS CORP.
 Three months ended Dec. 26, 1992 Dec. 28, 1991
 Net sales $30,792,000 $27,043,000
 Net earnings 528,000 830,000
 Earnings per share $.05 $.08
 Weighted average shares 10,317,000 10,858,000
 /delval/
 -0- 1/21/93
 /CONTACT: Dennis G. Moore, vp and CFO of J & J Snack Foods, 609-665-9533/
 (JJSF)


CO: J & J Snack Foods Corp. ST: New Jersey IN: FOD SU: ERN

MK-LJ -- PH004 -- 7233 01/21/93 08:40 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 21, 1993
Words:303
Previous Article:ADVISORY FOR TV, RADIO, AND PRINT MEDIA OPPORTUNITIES BEFORE SUPER BOWL XXVII
Next Article:LOUISIANA-PACIFIC TO BUILD CONSTRUCTION PANEL PLANTS IN VENEZUELA
Topics:


Related Articles
MEI DIVERSIFIED INC. REPORTS RESULTS
U.B. FOODS RECEIVES $500,000 IN STATE LOANS FOR NEW CHESTER COUNTY PLANT
J & J SNACK FOODS REPORTS FIRST QUARTER RESULTS
J & J SNACK FOODS REPORTS FIRST QUARTER RESULTS
GLENDALE BANCORPORATION ANNOUNCES 1992 FIRST QUARTER RESULTS
J & J SNACK FOODS CORP. EXPECTS THIRD QUARTER EPS DECLINE
UNIHOLDING CORP. ANNOUNCES THIRD QUARTER RESULTS
Armanino Foods of Distinction, Inc. Announces First Quarter Financial Results

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters