J & J Snack Foods Q2 sales fall 3%, slightly miss estimates

J&J Snack Foods

06/05/2026 12:19

Overview

US snack foods maker's Q2 sales fell 3.2%, slight miss to analyst expectations

Adjusted EPS for Q2 rose 14% yr/yr but missed analyst expectations

Company repurchased $22 mln in stock during the quarter

Outlook

Company did not provide specific financial guidance for the current or upcoming periods

Result Drivers

BAKERY BUSINESS REDUCTION - Most of the sales decline was due to anticipated reductions in the lower margin bakery business

TRANSFORMATION INITIATIVES - Gross margin improvement was primarily driven by transformation initiatives and product mix improvements

SEGMENT MIXED PERFORMANCE - Food service and retail supermarket sales declined, while frozen beverage sales increased

Company press release: ID:nGNX5DvQJC

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Slight Miss*
$344.82 mln
$347.70 mln (3 Analysts)
Q2 Adjusted EPS
Miss
$0.40
$0.41 (3 Analysts)
Q2 EPS
$0.09
Q2 Net Earnings
$1.68 mln
Q2 Gross Profit
$99.29 mln
Q2 Operating Income
$1.80 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $110.00, about 30% above its May 5 closing price of $84.59

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)