NASDAQ$JJSF
J&J Snack Foods Corp · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
J&J Snack Foods' first quarter net sales increased and led to higher EPS.
J&J Snack Foods reported a strong first quarter with net sales increasing by 32% to $318.5 million and EPS of $0.58, driven by positive consumer trends and healthy demand for core products.
- Net sales increased 32% year-over-year and 17% versus the same period in fiscal 2019.
- Food Service segment grew 32%, Retail grew 9%, and Frozen Beverages grew 54%.
- Gross margin was 25%, compared to 21% for the prior year.
- The company is implementing price increases and focusing on cost reduction initiatives to improve gross margins.
Headline financials
Revenue & EPS history
J&J Snack Foods · Revenue · Quarterly
$318M
Forward guidance
The company expects gross margins to improve progressively over the second quarter of fiscal 2022 and into the back-half of the fiscal year through cost reduction and price increases.
Tailwinds
- Specific actions to offset short-term cost challenges.
- Opportunities to reduce expenses across the business, including procurement, R&D, production and distribution.
- Four new production lines scheduled to be activated in fiscal 2022 that will leverage automation to improve efficiencies.
- Implementing additional price increases for products across nearly all categories.
- Strong balance sheet and liquidity position to continue making select return-focused strategic investments in sales, marketing and product innovation.
Headwinds
- Industry continues to experience unprecedented inflationary pressures.
- Higher-than-expected cost increases across many facets of the business, from raw materials and ingredients, to transportation, packaging and labor.
- Expenses were negatively impacted by industry-wide freight and distribution cost increases.
- Distribution costs were 10.5% of sales in the quarter, an increase of 96 bps versus the prior year period.
- Handheld sales declined 54% to $1.3 million driven by proactive discontinuations of margin dilutive products.
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 2022
-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
| Quarter | Report date | Reaction (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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