J & J Snack Foods Corp. Reports Fiscal 2026 Third‑Quarter Results
J & J Snack Foods Corp. (Nasdaq: JJSF) announced its financial performance for the quarter ended June 27, 2026. The company posted net sales of $426.0 million, a 6.2 % decline compared with the same period in the prior year. Adjusted earnings per diluted share reached $1.96, up from $0.04 in the prior‑year quarter, while adjusted EBITDA rose to $67.4 million.
Key Financial Highlights
| Metric | 3Q 2026 | 3Q 2025 | Change |
|---|---|---|---|
| Net Sales | $426.0 M | $454.3 M | –6.2 % |
| Gross Profit | $151.0 M | $150.0 M | +$1.0 M |
| Gross Margin | 35.5 % | 33.0 % | +240 bps |
| Operating Income | $46.3 M | $60.6 M | –23.6 % |
| Adjusted Operating Income | $48.1 M | $53.4 M | –9.9 % |
| Net Earnings | $35.3 M | $8.9 M | +20.1 % |
| Earnings per Diluted Share | $1.88 | $0.38 | +16.8 % |
| Adjusted EBITDA | $67.4 M | $4.6 M | +6.4 % |
| Adjusted EPS | $1.96 | $0.04 | +2.0 % |
Prior‑year results included a $9.1 million non‑recurring net gain from insurance proceeds.
Segment Performance
| Segment | Net Sales | Change YoY |
|---|---|---|
| Food Service | –8.3 % | – |
| Retail Supermarket | +1.7 % | – |
| Frozen Beverage | –5.8 % | – |
The decline in net sales was largely attributed to expected reductions in bakery sales and lower machine and service sales in the Frozen Beverage segment.
Expense Dynamics
Total operating expenses amounted to $104.7 million, representing 24.6 % of sales, up from 19.7 % in the prior year quarter. Selling and Marketing expenses increased 2.3 % to $34.6 million, while Distribution expenses rose 11.0 % to $49.6 million, driven by higher fuel and freight costs of approximately $5.0 million. Administrative expenses remained flat at $20.1 million.
Management Commentary
President and CEO Dan Fachner highlighted the company’s ongoing transformation initiatives, noting that Apollo‑driven plant consolidation savings are ahead of schedule. He stated that the firm plans to raise its annualized plant savings target to at least $20 million, and the full program target to $25 million. Fachner expressed confidence that the progress in repositioning the business would support durable earnings and a return to top‑line growth in fiscal 2027.
Outlook
The company expects the sales environment to improve in the fourth quarter as the pipeline fills for core products and recent headwinds diminish. J & J Snack Foods remains optimistic about the trajectory of its earnings and top‑line performance in the upcoming fiscal year.
Fundamental Snapshot (as of 2026‑08‑03)
- Close Price: $78.64
- 52‑Week High: $116.32 (2025‑08‑24)
- 52‑Week Low: $68.87 (2026‑05‑11)
- Market Capitalization: $1.43 billion
- Price/Earnings Ratio: 25.39
- Industry: Food Products (Consumer Staples)
J & J Snack Foods Corp. continues to focus on delivering high‑quality, convenient snack products nationwide while executing a disciplined cost‑control and transformation strategy.
