J & J Snack Foods Q3 Earnings Call Highlights

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Wed, August 5, 2026 astatine 12:04 PM CDT 8 min read

Key Points

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Fiscal Q3 results weakened: Net income fell 6.2% to $426 million, adjusted EBITDA declined 6.4% to $67.4 million, and adjusted EPS slipped to $1.96. Higher freight and substance costs accrued organisation expenses by astir $5 million, though gross borderline improved to 35.5% done Project Apollo savings and favorable income mix.
Segment show was mixed: Foodservice income dropped 8.3%, mostly owed to planned bakery SKU reductions and weakness successful cookies and handheld products, portion retail income roseate 1.7% connected marque momentum and merchandise launches. Frozen beverage income fell 5.8% arsenic beverage maturation was offset by declines successful work and instrumentality sales.
Management raised its cost-savings people and expects maturation to resume: Annualized Project Apollo savings are present expected to scope astatine slightest $25 million, including $20 cardinal from works consolidation. Management expects bakery headwinds to easiness successful Q4 but is much apt to instrumentality to integrated maturation successful fiscal Q1 2027.

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J & J Snack Foods (NASDAQ:JJSF) reported little fiscal third-quarter income and adjusted net arsenic freight and substance costs rose, though the institution said borderline gains from its translation programme helped offset immoderate of those pressures.

Net income for the 4th totaled $426 million, down 6.2% from a twelvemonth earlier. Adjusted EBITDA fell 6.4% to $67.4 million, portion adjusted net per stock were $1.96, compared with $2.00 successful the prior-year period. Reported diluted net per stock were $1.88, versus $2.26 a twelvemonth ago; the earlier play included a $9.1 cardinal non-recurring nett summation chiefly related to security proceeds.

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Chief Executive Officer Dan Fachner said the institution improved gross nett by astir $1 cardinal to $151 million, portion gross borderline expanded 240 ground points to 35.5%. He attributed the betterment to Project Apollo cost-saving initiatives and income premix changes.

"Project Apollo is doing precisely what we designed it to do," Fachner said during the call, describing the programme arsenic helping support margins contempt higher logistics costs.

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Higher freight and substance costs were the main origin down the year-over-year diminution successful EBITDA. Fachner said those costs accrued astir $4.7 cardinal nett of surcharge collections, portion Chief Financial Officer Shawn Munsell said organisation expenses roseate $4.9 cardinal and represented 11.6% of sales, compared with 9.8% a twelvemonth earlier.

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