J&J SNACK FOODS CORP

Listed Company

JJSFCIK 0000785956NasdaqLarge AcceleratedCookies & CrackersNew JerseyFY ends Sep 26

Period

FY 2025

Revenue

—

Net Income

$65.59M

Total Assets

$1.38B

Equity

$966.70M

Shares Out

19.01M

Op. Cash Flow

$165.13M

Business

J&J SNACK FOODS CORP manufactures snack foods and distributes frozen beverages, marketing products nationally to foodservice and retail supermarket customers. It offers soft pretzels, frozen novelties (including cryogenically frozen Dippin’ Dots), churros, bakery and handheld products, and frozen carbonated and non‑carbonated beverages along with equipment sales and maintenance services. The company operates through three segments: Food Service, Retail Supermarkets and Frozen Beverages. Its products are sold across the United States, Mexico and Canada via direct sales, food brokers, independent distributors and company‑managed distribution networks.

Summary from filing dated 2025-11-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net sales	1,583	1,575	1,559	1,381	1,145
Cost of goods sold	1,113	1,089	1,089	1,011	846
Gross profit	470	486	470	370	299
Marketing and selling	124	119	110	92	78
Distribution	168	176	173	160	108
Administrative	78	75	75	55	41
Intangible asset impairment charges	2	0	2	1	1
Gain on insurance proceeds received for damage to property, plant, and equipment	−11	0	0	—	—
Other general expense	150,000	−597,000	182,000	371,000	−320,000
Total operating expenses	386	369	360	308	228
Operating Income	84	118	110	62	71
Investment income	4	3	3	980,000	3
Interest expense	−1	−2	−5	—	—
Earnings before income taxes	86	119	108	62	74
Income taxes	21	32	29	15	18
NET EARNINGS	66	87	79	47	56
Earnings per diluted share (in dollars per share)	3.36	4.45	4.08	2.46	2.91
Weighted average number of diluted shares (in shares)	20	19	19	19	19
Earnings per basic share (in dollars per share)	3.37	4.46	4.1	2.47	2.92
Weighted average number of basic shares (in shares)	19	19	19	19	19

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	106	73	50	35	283
Accounts receivable, net of allowances for estimated credit losses of $3,274 and $3,227, respectively	184	189	198	208	163
Inventories	175	173	172	180	123
Prepaid expenses and other	13	15	11	17	7
Total current assets	478	450	430	445	585
Total Property, plant and equipment, at cost	1,009	1,012	960	860	757
Less accumulated depreciation and amortization	619	621	574	525	490
Property, plant and equipment, net	390	391	386	335	267
Goodwill	185	185	185	184	122
Trade name intangible assets, net	106	110	—	—	—
Other intangible assets, net	67	73	184	192	78
Operating lease right-of-use assets	152	152	89	51	55
Other	4	4	4	4	2
Total other assets	513	524	461	437	270
Total Assets	1,382	1,365	1,277	1,217	1,122
Current finance lease liabilities	563,000	243,000	201,000	124,000	182,000
Accounts payable	82	89	91	108	97
Accrued insurance liability	16	17	16	16	16
Accrued liabilities	13	10	14	9	11
Current operating lease liabilities	22	19	16	14	13
Accrued compensation expense	26	23	23	22	18
Dividends payable	16	15	14	13	12
Total current liabilities	176	174	175	182	168
Long-term debt	0	0	27	55	0
Noncurrent finance lease liabilities	1	445,000	600,000	254,000	392,000
Noncurrent operating lease liabilities	140	141	78	43	47
Deferred income taxes	92	88	81	70	62
Other long-term liabilities	6	5	4	4	409,000
Commitments and Contingencies	—	—	—	—	—
Preferred stock, $1 par value; authorized 10,000,000 shares; none issued	0	0	0	0	0
Common stock, no par value; authorized, 50,000,000 shares; issued and outstanding 19,440,000 and 19,460,000 respectively	139	137	115	94	74
Accumulated other comprehensive loss	−13	−15	−10	−14	−13
Retained Earnings	840	836	807	783	785
Total stockholders' equity	967	957	912	863	846
Total Liabilities and Stockholders' Equity	1,382	1,365	1,277	1,217	1,122

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation of fixed assets	66	63	57	50	47
Amortization of intangibles and deferred costs	7	7	7	3	3
Losses (Gains) from disposals of property & equipment	320,000	11,000	−409,000	220,000	−231,000
Share-based compensation	6	6	5	4	4
Deferred income taxes	4	6	11	9	−3
Gain on insurance proceeds received in excess of operating losses recognized	−799,000	—	—	—	—
(Gain) Loss on marketable securities	0	0	8,000	315,000	—
Other	95,000	−199,000	323,000	−95,000	77,000
Decrease in accounts receivable	6	8	11	−33	−36
(Increase) Decrease in inventories	−2	−1	9	−49	−14
Net changes in other operating assets and liabilities	654,000	−3	−8	—	—
Net cash provided by operating activities	165	173	172	26	101
Payments for purchases of companies, net of cash acquired	0	−7	0	−221	0
Purchases of property, plant and equipment	−83	−74	−105	−87	−54
Proceeds from redemption and sales of marketable securities	0	0	10	12	61
Proceeds from disposal of property and equipment	1	699,000	2	399,000	2
Proceeds from insurance for fixed assets	11	2	0	0	—
Net cash (used in) investing activities	−70	−78	−93	−296	10
Payments to repurchase common stock	−8	0	0	0	0
Proceeds from issuance of stock	4	16	15	16	20
Borrowings under credit facility	50	71	114	125	0
Repayment of borrowings under credit facility	−50	−98	−142	−70	0
Payments on finance lease obligations	−238,000	−151,000	−180,000	—	−144,000
Payment of cash dividend	−61	−57	−54	−48	−45
Net cash (used in) financing activities	−65	−68	−67	22	−25
Effect of exchange rates on cash and cash equivalents	2	−3	2	−125,000	618,000
Net increase in cash and cash equivalents	32	24	14	−248	87

Filings

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