NASDAQ$JJSF

J&J Snack Foods Corp · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported a sales increase and a decrease in net earnings for the first quarter ended December 28, 2019.

J&J Snack Foods Corp. announced a 4% increase in sales, reaching $282.9 million, but net earnings decreased to $17.1 million. Earnings per diluted share decreased to $0.89. Operating income also decreased by 2% to $21.7 million, impacted by costs related to the ICEE company's headquarters relocation.

  • Sales increased by 4% to $282.9 million compared to the previous year.
  • Net earnings decreased to $17.1 million from $17.5 million in the prior year.
  • Earnings per diluted share decreased to $0.89 from $0.93 last year.
  • Operating income decreased by 2% to $21.7 million, influenced by relocation costs.

Headline financials

Total Revenue

$283M

Previous: $272M+4.2%
EPS (adj)

$0.93

Previous: $0.93+0.0%
Gross Profit Margin

27.5%

Previous: 28.3%-2.8%
Effective Tax Rate

27.3%

Previous: 28.0%-2.5%
Capital Expenditures

-$17.6M

Previous: -$11.8M-48.7%
Free Cash Flow

-$546K

Previous: $5.69M-109.6%
Net Income

$17.1M

Previous: $17.5M-2.7%
Operating Income

$21.7M

Previous: $22.1M-1.7%
Gross Profit

$77.9M

Previous: $76.9M+1.3%
Cash & Equivalents

$170M

Previous: $125M+36.6%
Total Assets

$1.1B

Previous: $934M+17.4%
Stock-Based Comp

$1.3M

Previous: $972K+33.6%

Revenue & EPS history

J&J Snack Foods · Revenue · Quarterly

$283M

Q1 2020+4.2%vs Q1 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

J&J Snack Foods · $283M total across 3 segments · Q1 2020

  • Food Service
    $183M+1.9%
  • Frozen Beverages
    $70M+15.6%
  • Retail Supermarket
    $29.4M-5.9%

Forward guidance

The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. The Company undertakes no obligation to publicly revise or update these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Headwinds

  • Supply and cost of raw materials and labor
  • Insurance costs
  • Factors impacting sales
  • The continuing consolidation of our customers
  • Our ability to manage our manufacturing, marketing and distribution activities

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.2%

Avg return

Earnings day

-0.8%

Avg return

5 days after

+1.0%

Avg return

30 days after

52%

34 / 65 earnings

Positive

+16.1%

Q2 2024

Best reaction

-15.4%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+0.2%-16.9%-10.9%
Q1 2026-15.4%-13.3%-10.1%
Q4 2025+1.1%+9.3%+13.9%
Q2 2025-11.8%-11.8%-13.8%
Q1 2025-6.5%-7.8%+4.0%
Q4 2024-4.8%-5.5%-4.0%
Q3 2024+1.7%+1.5%+2.4%
Q2 2024+16.1%+18.2%+18.0%
Q1 2024-9.6%-7.5%-10.1%
Q4 2023+2.9%+3.7%+4.1%
Q3 2023+7.8%+9.3%+3.2%
Q2 2023+3.2%+6.3%+0.5%
Q1 2023-4.2%-5.6%-6.1%
Q4 2022+7.8%+11.2%+11.0%
Q3 2022+0.0%+3.5%+7.9%
Q2 2022-11.4%-17.4%-15.9%
Q1 2022-1.0%-0.3%+8.8%
Q4 2021-1.8%-6.7%-2.3%
Q3 2021-0.0%-1.4%-2.9%
Q2 2021-2.5%-1.1%+4.1%
Q1 2021+7.7%-0.3%+2.1%
Q4 2020-1.5%+14.8%+3.2%
Q3 2020-1.9%-4.2%+3.1%
Q2 2020+7.3%+4.8%+17.0%
Q1 2020-11.5%-11.0%-7.9%
Q4 2019-4.9%-4.5%-0.8%
Q3 2019+13.0%+11.1%+15.4%
Q2 2019+0.8%+3.5%+2.7%
Q1 2019+8.5%+7.1%+5.7%
Q4 2018-1.3%-2.6%-2.2%
Q3 2018-5.5%-7.8%-6.4%
Q2 2018-5.0%-4.6%+3.3%
Q1 2018-6.5%-7.9%-9.7%
Q4 2017+4.2%+8.5%+14.6%
Q3 2017-5.3%-4.6%-7.3%
Q2 2017+1.3%+0.1%-1.3%
Q1 2017+0.6%+1.4%+2.5%
Q4 2016-3.4%-1.7%+2.0%
Q3 2016+0.4%+0.4%+0.2%
Q2 2016-0.1%
Q1 2016-1.2%
Q4 2015-7.3%
Q3 2015+5.4%
Q2 2015+2.9%
Q1 2015-14.0%
Q4 2014+0.2%
Q3 2014+2.5%
Q2 2014-2.1%
Q1 2014+8.4%
Q4 2013-2.8%
Q3 2013-1.4%
Q2 2013+2.4%
Q1 2013+3.5%
Q4 2012+2.1%
Q3 2012-1.1%
Q2 2012+10.3%
Q1 2011-4.9%
Q1 2012-4.9%
Q4 2009+2.7%
Q2 2011+2.7%
Q4 2011+2.7%
Q3 2011+3.8%
Q3 2010+3.8%
Q4 2010+3.8%
Q2 2010+1.6%

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