J & J Snack Foods misses Q1 sales estimates, sets new buyback plan

J&J Snack Foods

03/02/2026 12:08

Overview

Snack food maker's fiscal Q1 sales declined, missing analyst expectations

Adjusted EBITDA for fiscal Q1 grew 7% yr/yr

Company announced new $50 mln share repurchase authorization

Outlook

Company expects $20 mln annualized savings from Project Apollo initiatives

J & J Snack Foods announces new $50 mln share repurchase authorization

Company plans innovative product launches in second quarter, including Dippin’ Dots for retail

Result Drivers

PORTFOLIO RATIONALIZATION - Sales decline attributed to strategic portfolio rationalization in bakery business, impacting Food Service segment

GROSS MARGIN IMPROVEMENT - Gross margin improved to 27.9% due to Apollo transformation initiatives and favorable product mix

PRETZEL SALES GROWTH - Pretzel sales increased 6.9%, driven by Bavarian formula pretzels

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
$343.78 mln
$363.56 mln (4 Analysts)
Q1 Adjusted EPS
Miss
$0.33
$0.35 (2 Analysts)
Q1 EPS
$0.05
Q1 Net Earnings
$883,000
Q1 Gross Profit
$96.01 mln
Q1 Operating Income
$637,000


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the food processing peer group is "buy"

Wall Street's median 12-month price target for J&J Snack Foods Corp is $130.00, about 36.6% above its February 2 closing price of $95.20

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nGNXbxS0cl

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)