Company Overview and News
Welcome to the J & J Snack Foods’ Fourth Quarter Earnings Conference Call. My name is Sofia and I will be your operator for today’s call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session. [Operator Instructions] Please note that this conference is being recorded. (5-0)
J&J Snack Foods Corp. (JJSF - Free Report) reported fourth-quarter fiscal 2017 earnings of $1.29 per share, surpassing the Zacks Consensus Estimate of $1.25 by 3.2%. The reported figure also climbed 17.3% year over year. Net sales of this leading snack food provider came in at $316.7 million, beating the Zacks Consensus Estimate of $289.4 million by 9.4%. Sales also improved 21% year over year on strong sales of soft pretzels, churros, handhelds and certain bakery products. (23-0)
PENNSAUKEN, NJ--(Marketwired - August 17, 2017) - J & J Snack Foods Corp. (NASDAQ: JJSF) announced today the acquisition of Labriola Baking Company; a premium bakery of breads and artisan soft pretzels, located just outside Chicago in Alsip, IL. Labriola Baking began in 1993, as a local delivery bakery in the Chicago suburbs, and has grown into a provider of superior prebaked breads, rolls and soft pretzels for retail in-store bakery and foodservice outlets, nationwide.
Welcome to the J&J Snack Foods Third Quarter Earnings Conference Call. My name is Cynthia and I will be your operator for today’s call. At this time, all participants are in a listen-only mode. [Operator Instructions] Please note that this conference is being recorded.
NEW YORK, June 26, 2017 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of J&J Snack Foods Corp. (NASDAQ: JJSF).
ONTARIO, CA--(Marketwired - June 08, 2017) - Moviegoers, theme park connoisseurs and adventurous road trippers have been making memories with ICEE by their side for 50 years. Despite ICEE launching more than 150 flavors since 1967, Coca-Cola has remained a top flavor for five decades. To commemorate this long-term partnership, ICEE is offering retailers the opportunity to merchandise the product with special point-of-sale displays highlighting 50 years of friendship.
PENNSAUKEN, NJ--(Marketwired - May 22, 2017) - J&J Snack Foods Corp. (NASDAQ: JJSF) strengthens its portfolio with the addition of a line of premium Auntie Anne's® frozen soft pretzel products. Auntie Anne's frozen pretzel line includes pretzels, pretzel nuggets and pretzel sandwiches currently sold in thousands of retailers nationwide. J&J is proud to be the official licensee and distributor of these products.
McCormick's Q1 was a little on the weak side, but currency remains an issue and management commentary suggests a stronger second half.
But valuation continues to rise, based largely on multiple expansion, and its primary categories would seem to be poorly positioned relative to consumer trends.
Post Holdings Inc. (NYSE:POST) is adding international flavor to its cereal. On Tuesday, the St. Louis, Missouri based consumer packaged goods company announced it will pay£1.40 billion (or $1.79 billion) to buy UK-based whole grain cereal maker Weetabix Ltd. The Weetabix ready-to-eat (or RTE) cereal brand is the number one ready-to-eat (or RTE) cereal brand in the UK and Alpen is the number one muesli brand in the UK.
LONDON, UK / ACCESSWIRE / April 10, 2017 / Active Wall St. announces its post-earnings coverage on McCormick & Co., Inc. (NYSE: MKC). The Company announced its financial results for the first quarter fiscal 2017 (Q1 FY17) on March 28, 2017. The Sparks, Maryland-based Company reported a 1% y-o-y growth in its net sales and a 2.7 % y-o-y growth in its adjusted diluted EPS. Register with us now for your free membership at:
General Mills, Inc.’s (GIS - Free Report) cost-saving initiatives helped it to report better-than-expected third-quarter fiscal 2017 earnings along with solid adjusted operating profit margin expansion. However, the company’s shares lost 1.44% in premarket trade on Mar 21, as sales missed expectation. The food giant reported third-quarter fiscal 2017 adjusted earnings per share of 72 cents, surpassing the Zacks Consensus Estimate of 71 cents by 1.
The Hershey Company (HSY - Free Report) announced a range of new products and classic treats for Easter. The company is also implementing a few innovations and introducing “spring-inspired packaging”. The company is coming up with a number of egg-shaped products like ‘Hershey’s Kisses Carrot Cake Candies’ and ‘Milk Chocolate Covered Marshmallow Egg’ along with several Reese’s and Cadbury brand food items.
On Tuesday, Hostess Brands, Inc. (NASDAQ:TWNK) holds what might be considered its first ‘real’ earnings release. The company did release third-quarter results back in November, but in a quiet press release, with no conference call. On Tuesday, however, investors will get the first clean look at the new Hostess Brands, complete with post-earnings commentary. And that should be a good thing for TWNK stock.
The food and beverage companies are facing headwinds from the changing consumer purchase habits, evolving shopping behavior and increasing presence of small firms. As smaller companies are entering the market space, it is becoming tough for the existing players to retain their position.
2017-10-28 - Wilton
2017-10-25 - Wilton
2017-10-10 - Wilton
2017-10-09 - Wilton
2017-08-25 - Wilton