-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QLv+vbjttG7rBR37KOnxA1v2yyg2bTdcNPe7xsfX+yiPLIOym9PGoCwFbzEUGgC5 OGEmX5aGiqQGdGfAn+CBzA== 0001157523-05-000399.txt : 20050120 0001157523-05-000399.hdr.sgml : 20050120 20050120163119 ACCESSION NUMBER: 0001157523-05-000399 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050120 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050120 DATE AS OF CHANGE: 20050120 FILER: COMPANY DATA: COMPANY CONFORMED NAME: J&J SNACK FOODS CORP CENTRAL INDEX KEY: 0000785956 STANDARD INDUSTRIAL CLASSIFICATION: COOKIES & CRACKERS [2052] IRS NUMBER: 221935537 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14616 FILM NUMBER: 05539091 BUSINESS ADDRESS: STREET 1: 6000 CENTRAL HGWY CITY: PENNSAUKEN STATE: NJ ZIP: 08109 BUSINESS PHONE: 6096659533 MAIL ADDRESS: STREET 1: 6000 CENTRAL HIGHWAY CITY: PENNSAUKEN STATE: NJ ZIP: 08109 8-K 1 a4804192.txt J&J SNACK FOODS 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 20, 2005 ------------------------------------------------------------------ J & J SNACK FOODS CORP. ----------------------- (Exact name of registrant as specified in its charter) New Jersey 0-14616 22-1935537 -------------------------------------------------------------------------- (State or Other (Commission (I.R.S. Employer Jurisdiction of Organization) File Number) Identification No.) 6000 Central Highway, Pennsauken, NJ 08109 ------------------------------------------ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (856) 665-9533 ------------------------------------------------------------------ N/A --- (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneouusly satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ( ) Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ( ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ( ) Pre-commencement communications pursuant to Rule 14d-2 (b) under the Exchange Act (17 CFR 240.14d-2(b)) ( ) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) 1 ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITIONS On January 20, 2005, J & J Snack Foods Corp. issued a press release regarding its earnings for the first quarter of fiscal 2005. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits Exhibit Number Description of Document 99.1 Press Release dated January 20, 2005 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. J & J SNACK FOODS CORP. By: /s/ Gerald B. Shreiber ------------------------ Gerald B. Shreiber President /s/ Dennis G. Moore ------------------------ Dennis G. Moore Chief Financial Officer Date: January 20, 2005 3 EXHIBIT INDEX Exhibit Number Description 99.1 Press Release dated January 20, 2005 4 EX-99.1 2 a4804192ex99.txt EXHIBIT 99.1 PRESS RELEASE Exhibit 99.1 J & J Snack Foods Reports Record First Quarter Sales and Earnings, Again PENNSAUKEN, N.J.--(BUSINESS WIRE)--Jan. 20, 2005--J & J Snack Foods Corp. (NASDAQ:JJSF) today announced record sales and earnings for the first quarter ended December 25, 2004. Sales increased 23% to $98.5 million from $79.9 million in last year's first quarter. Net earnings increased 36% to $2.5 million in the current quarter from $1.8 million last year. Earnings per diluted share were $.27 for the first quarter compared to $.20 last year. Operating income increased 31% to $3.7 million in the current quarter from $2.8 million in the year ago quarter. Gerald B. Shreiber, J & J's President and Chief Executive Officer, commented, "We benefitted from strong sales gains and improved profitability in our food service and retail supermarket business during the quarter. We anticipate continued growth from the introduction of new products, continued expansion to new channels of distribution and possible acquisitions." J & J Snack Foods Corp.'s principal products include SUPERPRETZEL, PRETZEL FILLERS and other soft pretzels, ICEE and ARCTIC BLAST frozen beverages, LUIGI'S, MAMA TISH'S, SHAPE UPS, MINUTE MAID(1) and BARQ'S(2) and CHILL frozen juice bars and ices, TIO PEPE'S churros, THE FUNNEL CAKE FACTORY funnel cakes, and MRS. GOODCOOKIE, CAMDEN CREEK, COUNTRY HOME and READI-BAKE cookies. J & J has manufacturing facilities in Pennsauken, Bridgeport and Bellmawr, New Jersey; Scranton and Hatfield, Pennsylvania; Carrollton, Texas, Atlanta, Georgia and Vernon (Los Angeles), California. (1)MINUTE MAID is a registered trademark of The Coca-Cola Company. (2)BARQ'S is a registered trademark of Barq's Inc. Consolidated Statement of Operations ------------------------------------ Three Months Ended ------------------ December 25, December 27, 2004 2003 -------- -------- (unaudited) (in thousands) Net sales $ 98,521 $ 79,945 Cost of goods sold 68,525 55,307 -------- -------- Gross profit 29,996 24,638 Operating expenses 26,342 21,859 -------- -------- Operating income 3,654 2,779 Other income 298 88 -------- -------- Earnings before income taxes 3,952 2,867 Income taxes 1,470 1,042 -------- -------- Net earnings $ 2,482 $ 1,825 ======== ======== Earnings per diluted share $ .27 $ .20 Earnings per basic share $ .27 $ .21 Weighted average number of diluted shares 9,235 9,039 Weighted average number of basic shares 9,032 8,792 Consolidated Balance Sheets --------------------------- December 25, 2004 September 25, 2004 ----------------- ------------------ (unaudited) (in thousands) Current assets $136,233 $138,412 Property, plant & equipment, net 87,756 89,474 Goodwill 46,477 46,477 Other intangibles, net 1,681 1,804 Other assets 1,137 1,257 -------- -------- Total $273,284 $277,424 ======== ======== Current liabilities $ 41,871 $ 47,646 Deferred income taxes 19,153 19,153 Other long term obligations 477 529 Stockholders' equity 211,783 210,096 -------- -------- Total $273,284 $277,424 ======== ======== The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. 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. CONTACT: J & J Snack Foods Corp. Dennis G. Moore, 856-665-9533 -----END PRIVACY-ENHANCED MESSAGE-----