J&J SNACK FOODS CORP (JJSF) Form 8-K — Aug 5, 2026
J&J Snack Foods reported fiscal 2026 third-quarter results with net sales of $426.0 million, down 6.2% year over year, driven by anticipated bakery reductions and lower Frozen Beverage machine and service sales. GAAP net earnings fell 20.1% to $35.3 million, or $1.88 per diluted share, but adjusted EPS of $1.96 was down just 2.0% as gross margin expanded 240 basis points to 35.5% and Apollo plant consolidation savings ran ahead of plan. Management raised its annualized plant savings target by $5 million to at least $20 million, with a full program target of $25 million, and expects the sales environment to improve in the fourth quarter with a return to top-line growth in fiscal 2027.
Key figures
- Eps
- 1.88
- Revenue
- $426.0 million
- Guidance
- Expects sales environment to improve in fiscal Q4 as pipeline fills for core products; expects return to top-line growth in fiscal 2027; raised annualized Apollo plant savings target by $5 million to at least $20 million (full program target $25 million).
- Net Income
- $35.3 million
- Total Debt
- $28.0 million long-term debt (vs. $0 at fiscal year-end)
- Revenue Yoy
- -6.2%
- Total Assets
- $1.36 billion
- Cash Position
- $63.1 million
- Adjusted eps
- 1.96
- Gross margin
- 35.5%, up 240 bps from 33.0%
- Nine month eps
- $1.99 vs. $2.77 prior year
- Adjusted ebitda
- $67.4 million, down 6.4%
- Operating income
- $46.3 million, down 23.6%
- Buyback remaining
- $18 million remaining under $50 million program
- Share repurchases
- $10 million for 135,852 shares in the quarter
- Effective tax rate
- 23.2% vs. 27.2% prior year
- Food service sales
- $254.3 million, down 8.3% (~$16.0 million from anticipated bakery reductions)
- Nine month revenue
- $1,114.6 million vs. $1,173.0 million prior year
- Stockholders equity
- $892.1 million
- Freight fuel headwind
- approximately $4.7 million increase in the quarter (~$5.0 million in distribution expenses)
- Frozen beverage sales
- $106.7 million, down 5.8%
- Nine month net earnings
- $37.9 million vs. $54.2 million prior year
- Retail supermarket sales
- $64.9 million, up 1.7%
- Adjusted operating income
- $48.1 million, down 9.9%
- Prior year nonrecurring gain
- $9.1 million net gain primarily from insurance proceeds
- Operating cash flow nine months
- $100.4 million
Price after filing
Close on the filing date to close N calendar days later (from $79.02). Historical, not a forecast.
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