J&J SNACK FOODS CORP JJSF
J & J Snack Foods Corp. (the "Company" or "J & J") manufactures snack foods and distributes frozen beverages which it markets nationally to the foodservice and retail supermarket industries. The Company's principal snack food products are soft pretzels marketed primarily under the brand names SUPERPRETZEL, BRAUHAUS, FEDERAL PRETZEL, and BAVARIAN BAKERY, frozen novelties marketed primarily under the DIPPIN' DOTS, LUIGI'S, WHOLE FRUIT, ICEE, DOGSTERS, PHILLY SWIRL and MINUTE MAID* brand names, churros marketed primarily under the ¡HOLA! brand name, and bakery products sold primarily under the READI-BAKE, COUNTRY HOME, MARY B'S, DADDY RAY'S and HILL & VALLEY brand names as well as for private label and contract packing. We believe we are the largest manufacturer of soft pretzels in the United States. Other snack food products include funnel cake sold under THE FUNNEL CAKE FACTORY brand and handheld products sold under smaller brands. The Company's principal frozen beverage products are the ICEE brand frozen carbonated beverage and the SLUSH PUPPIE brand frozen non-carbonated beverage.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.58B | $1.57B | $1.56B | $1.38B | $1.14B | $1.02B | $1.19B | $1.14B | $1.08B | $992.8M |
| Cost of revenue | $1.11B | $1.09B | $1.09B | $1.01B | $845.7M | $783.6M | $836.1M | $802.0M | $753.2M | $688.3M |
| Gross profit | $469.9M | $486.1M | $469.9M | $369.6M | $298.9M | $238.4M | $350.4M | $336.3M | $331.0M | $304.5M |
| R&D | $1.4M | $1.2M | $1.2M | $700.0K | $600.0K | $700.0K | $645.0K | $623.0K | $674.0K | $525.0K |
| SG&A | $77.8M | $74.8M | $75.4M | $55.2M | $40.5M | $36.7M | $40.7M | $37.8M | $36.8M | $32.3M |
| Total operating expenses | $385.6M | $368.6M | $360.3M | $307.8M | $227.7M | $221.2M | $233.4M | $225.5M | $212.9M | $191.7M |
| Operating income | $84.3M | $117.5M | $109.5M | $61.8M | $71.2M | $17.2M | $117.0M | $110.8M | $118.1M | $112.8M |
| Interest expense | $1.5M | $1.8M | $4.7M | — | — | — | — | — | — | — |
| Pre-tax income | $86.4M | $118.9M | $107.5M | $61.8M | $74.0M | $21.5M | $126.6M | $118.2M | $122.2M | $116.8M |
| Income tax | $20.8M | $32.4M | $28.6M | $14.5M | $18.4M | $3.2M | $31.8M | $14.6M | $43.0M | $40.8M |
| Net income | $65.6M | $86.6M | $78.9M | $47.2M | $55.6M | $18.3M | $94.8M | $103.6M | $79.2M | $76.0M |
| EPS, basic | 3.37 | 4.46 | 4.10 | 2.47 | 2.92 | 0.97 | 5.04 | 5.54 | 4.23 | 4.07 |
| EPS, diluted | 3.36 | 4.45 | 4.08 | 2.46 | 2.91 | 0.96 | 5.00 | 5.51 | 4.21 | 4.05 |
| Shares, diluted (wtd. avg.) | $19.5M | $19.4M | $19.3M | $19.2M | $19.1M | $19.0M | $19.0M | $18.8M | $18.8M | $18.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $105.9M | $73.4M | $49.6M | $35.2M | $283.2M | $195.8M | $192.4M | $111.5M | $91.0M | $140.7M |
| Receivables | $184.1M | $189.2M | $198.1M | $208.2M | $162.9M | $126.6M | $140.9M | $132.3M | $124.6M | $98.3M |
| Inventory | $175.2M | $173.1M | $171.5M | $180.5M | $123.2M | $108.9M | $116.2M | $112.9M | $103.3M | $88.7M |
| Total current assets | $478.3M | $450.4M | $430.2M | $444.6M | $584.8M | $499.6M | $506.4M | $382.8M | $381.8M | $355.1M |
| Property, plant and equipment | $390.2M | $391.2M | $385.9M | $335.4M | $267.2M | $261.6M | $253.4M | $242.7M | $227.6M | $184.2M |
| Goodwill | $185.1M | $185.1M | $185.1M | $184.4M | $121.8M | $121.8M | $19.3M | $102.5M | $102.5M | $86.4M |
| Total assets | $1.38B | $1.37B | $1.28B | $1.22B | $1.12B | $1.06B | $1.02B | $938.2M | $867.2M | $790.5M |
| Accounts payable | $82.4M | $89.3M | $90.8M | $108.1M | $96.8M | $73.1M | $72.0M | $69.6M | $72.7M | $62.0M |
| Short-term debt | — | — | — | — | — | — | — | — | — | $13.6M |
| Total current liabilities | $175.7M | $174.1M | $174.9M | $181.8M | $167.6M | $134.1M | $121.2M | $117.9M | $119.0M | $102.3M |
| Long-term debt | $0 | $0 | $27.0M | $55.0M | $0 | — | — | — | — | — |
| Retained earnings | $840.2M | $835.8M | $807.1M | $782.9M | $785.4M | $775.8M | $801.0M | $743.7M | $673.8M | $626.1M |
| Total equity | $966.7M | $957.0M | $911.5M | $863.2M | $845.7M | $809.5M | $833.8M | $759.1M | $682.3M | $638.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $165.1M | $173.1M | $172.3M | $26.1M | $101.5M | $92.1M | $147.5M | $123.4M | $125.3M | $121.2M |
| Depreciation and amortisation | $73.3M | $70.6M | $63.1M | $53.1M | $49.4M | $53.0M | $48.6M | $46.5M | $42.4M | $40.1M |
| Stock-based compensation | $6.3M | $6.2M | $5.3M | $4.3M | $4.2M | $4.6M | $4.2M | $3.9M | $3.0M | $2.4M |
| Capital expenditure | $82.9M | $73.6M | $104.7M | $87.3M | $53.6M | $57.8M | $57.1M | $60.0M | $72.2M | $48.7M |
| Investing cash flow | -$70.1M | -$77.7M | -$93.2M | -$296.2M | $9.9M | -$44.5M | -$43.4M | -$73.1M | -$135.3M | -$74.6M |
| Financing cash flow | -$64.7M | -$68.4M | -$66.8M | $22.2M | -$24.7M | -$43.5M | -$22.8M | -$27.3M | -$42.2M | -$37.6M |
| Dividends paid | $60.8M | $57.0M | $53.9M | $48.4M | $44.8M | $42.1M | $36.6M | $33.1M | $30.9M | $28.5M |
| Buybacks | $8.0M | $0 | $0 | $0 | $0 | $9.0M | $0 | $2.8M | $18.2M | $15.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-25-036456.