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J & J Snack Foods (JJSF)
NASDAQ:JJSF
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$0.59Last Year’s EPS
$0.52Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -7.19%
|Next Earnings Date:Feb 03, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted record annual sales and significant improvements in margins, driven by strategic expansions and operational efficiencies. However, the company faced challenges with declines in certain product categories and consumer spending pressures, particularly in the fourth quarter. Overall, the company remains optimistic about future growth opportunities.Company Guidance
During the J&J Snack Foods Q4 2024 earnings call, the company provided guidance focused on continued growth and operational improvements despite a challenging economic environment. The fiscal year saw record annual sales and gross profit, with adjusted EBITDA increasing by 10.2% and gross margins improving by 80 basis points to 30.9%. The company highlighted a 3.9% normalized sales increase in Q4, despite a reported 3.9% sales decrease due to one less selling week. For fiscal 2024, normalized sales grew by 2.8%, with significant contributions from new product placements and customer acquisitions. J&J Snack Foods emphasized their strategic focus on expanding core brands and leveraging cross-selling opportunities, with future growth expected in key channels such as theaters and convenience stores, supported by product innovations like Dippin' Dots and Churo Fries. They anticipate further gross margin enhancements in 2025, aiming to surpass 31%, while maintaining a strong balance sheet with $73.4 million in cash and no debt.Record Annual Sales and EBITDA
Achieved record annual sales and gross profit, with adjusted EBITDA increasing by 10.2% in fiscal 2024.
Gross Margin and EBITDA Margin Improvements
Gross margins improved by 80 basis points to 30.9%, and adjusted EBITDA margins improved by 110 basis points for the full year.
Expansion in Theater and Amusement Channels
Dippin' Dots is expanding into 900 theaters and more theater chains, with expectations to add 120 locations in Q1 and 180 in Q2.
Growth in Retail Segment
Reported sales grew 2.7% and normalized sales grew 4.4% for the fiscal year, driven by SUPERPRETZEL Bavarian and mini pretzel dogs.
Supply Chain Efficiency Improvements
Improvements in supply chain metrics, with fill rates improving to 98.7% and average length of haul decreasing by over 30%.
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JJSF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JJSF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $172.53 | $165.72 | -3.95% |
| Aug 05, 2024 | $157.88 | $167.78 | +6.27% |
| May 06, 2024 | $136.02 | $158.28 | +16.37% |
| Feb 05, 2024 | $152.62 | $141.94 | -7.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does J & J Snack Foods (JJSF) report earnings?
J & J Snack Foods (JJSF) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is J & J Snack Foods (JJSF) earnings time?
J & J Snack Foods (JJSF) earnings time is at Feb 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JJSF EPS forecast?
JJSF EPS forecast for the fiscal quarter 2025 (Q1) is $0.59.
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