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J & J Snack Foods Corp. reported record sales and earnings for its 2007 fiscal year.

Ice Cream Reporter • Nov 20, 2007 • Last Licks

* 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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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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