J & J Snack Foods Corp. reported record sales and
earnings for its 2007 fiscal year.
* J & J Snack Foods Corp. reported record sales and earnings
for its 2007 fiscal year. Sales for the fiscal year ended September 29,
2007 increased 11% to $568.9 million from $514.8 million in the fiscal
year ended September 30, 2006 (53 weeks). Net earnings increased 9% to
$32.1 million in fiscal 2007 from $29.5 million in fiscal 2006. On a per
diluted share basis, earnings increased 8% to $1.69 from $1.57.
Operating income increased 8% to $48.6 million this year from $45.1
million in the year ago period. Gerald B. Shreiber, J & J's
President and Chief Executive Officer, commented, "Although our
ICEE and Frozen Beverages group did contribute both increased sales and
earnings in the quarter, our other business' segments were impacted
by sharply increasing raw material and packaging costs."
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