J&J Snack Foods Earnings: Here’s Why Shares are Down Now

J&J Snack Foods Corp. (NASDAQ:JJSF) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 3.49%.

J&J Snack Foods Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 13.13% to $1.12 in the quarter versus EPS of $0.99 in the year-earlier quarter.

Revenue: Rose 4.71% to $237 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: J&J Snack Foods Corp. reported adjusted EPS income of $1.12 per share. By that measure, the company beat the mean analyst estimate of $1.11. It missed the average revenue estimate of $238.7 million.

Quoting Management: Gerald B. Shreiber, J & J’s President and Chief Executive Officer, commented, “Our food service group had an outstanding quarter with strong sales of soft pretzels and churros to new restaurant chain customers and added distribution throughout our customer base. ICEE and frozen beverages had another good quarter.”

Key Stats (on next page)…

Revenue increased 17.72% from $201.33 million in the previous quarter. EPS increased 67.16% from $0.67 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.09 and has not changed. For the current year, the average estimate has moved up from a profit of $3.37 to a profit of $3.41 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)