J&J Snack Foods has posted a rise in third-quarter sales and earnings, the company said yesterday (27 July).
Go deeper with GlobalData
The New Jersey-based company posted a 16% jump in net earnings to US$12.5m on the back of a identical rise in turnover to $162.5m.
The results were lapping third-quarter figures from fiscal 2006 that included a one-off charge of $1.2m. Stripping out that charge, third-quarter profit rose by 5%.
Nevertheless, like a number of US food firms, J&J said its numbers were hit by rising raw material costs.
“Although we benefited from positive results from both of our recently acquired companies, Hom/Ade Foods and Daddy Ray’s, and a strong showing by our Icee and Slush Puppie business, our quarter’s results were impacted by continuing escalating costs of commodities including flour and dairy products,” said J&J president and CEO Gerald Shreiber.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
