-----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, Lr0JfyFLYrUyv4SfRoUz6faHbiYqsb9agcdZEVdcSwMPL2qw+HNutvhd9fnrqxnP rnQ/Ntkua9J+kMA1y82rsQ== 0001157523-09-000426.txt : 20090123 0001157523-09-000426.hdr.sgml : 20090123 20090123082324 ACCESSION NUMBER: 0001157523-09-000426 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090122 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090123 DATE AS OF CHANGE: 20090123 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: 09540435 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 a5878009.htm J & J SNACK FOODS CORP. 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 22, 2009

J & J SNACK FOODS CORP.

(Exact name of registrant as specified in its charter)

 

New Jersey

0-14616

22-1935537

(State or Other

Jurisdiction of Organization)

(Commission

File Number)

(I.R.S. Employer

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 simultaneously 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 22, 2009, J & J Snack Foods Corp. issued a press release regarding its earnings for the first quarter of fiscal 2009



ITEM 9.01.     FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

Exhibit Number Description of Document
 
99.1 Press Release dated January 22, 2009

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 22, 2009

3

EXHIBIT INDEX

Exhibit Number

Description

 
99.1

Press Release dated January 22, 2009

4

EX-99.1 2 a5878009ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

J & J Snack Foods Reports First Quarter Sales and Earnings

PENNSAUKEN, N.J.--(BUSINESS WIRE)--January 22, 2009--J & J Snack Foods Corp. (NASDAQ-JJSF) today announced record sales and increased earnings for the first quarter ended December 27, 2008.

Sales increased 8% to $141.1 million from $130.9 million in last year’s first quarter. Net earnings increased 128% to $4.3 million in the current quarter from $1.9 million last year. Earnings per diluted share were $.23 for the first quarter compared to $.10 last year. Operating income increased 192% to $6.8 million in the current quarter from $2.3 million in the year ago quarter.

Gerald B. Shreiber, J & J’s President and Chief Executive Officer, commented, “While the overall general economy remains a present concern, we are gratified by our quarter’s overall performance. Improved results from each of our major business groups, food service, retail supermarkets and frozen beverages, contributed to the increased earnings in the period.”

J & J Snack Foods Corp.’s principal products include SUPERPRETZEL, PRETZEL FILLERS and other soft pretzels, ICEE, SLUSH PUPPIE and ARCTIC BLAST frozen beverages, LUIGI’S, MAMA TISH’S, SHAPE UPS, MINUTE MAID* and BARQ’S** frozen juice bars and ices, WHOLE FRUIT sorbet, FRUIT-A-FREEZE frozen fruit bars, MARY B’S biscuits and dumplings, DADDY RAY’S fig and fruit bars, 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, Hatfield and Chambersburg, Pennsylvania; Carrollton, Texas; Atlanta, Georgia; Moscow Mills, Missouri; Pensacola, Florida and Vernon and Newport, California.

*MINUTE MAID is a registered trademark of The Coca-Cola Company.

**BARQ’S is a registered trademark of Barq’s Inc.


 

 

Consolidated Statement of Operations

 

Three Months Ended

December 27,   December 29,

2008

2007

(unaudited)
(in thousands)
 
Net sales $ 141,142 $ 130,898
Cost of goods sold   100,460   95,511
Gross profit 40,682 35,387
Operating expenses   33,851   33,051
Operating income 6,831 2,336
Other income   432   779

Earnings before income taxes

7,263 3,115
Income taxes   2,944   1,218
Net earnings

$

4,319

$ 1,897
 
Earnings per diluted share

$.23

$.10

Earnings per basic share

$.23

$.10

Weighted average number of diluted shares

18,774 19,076

Weighted average number of basic shares

18,616 18,769

 

 

Consolidated Balance Sheets

December 27, 2008

 

September 27, 2008

(in thousands)
 
Cash & cash equivalents $ 37,028 $ 44,265
Current marketable securities held to maturity 13,195 2,470
Current auction market preferred stock 19,900 14,000
Other current assets 105,890 116,465
Property, plant & equipment, net 91,898 93,064
Goodwill 60,314 60,314
Other intangible assets, net 52,506 53,633
Long-term auction market preferred stock - 21,200

Long-term marketable securities held to maturity

5,200 -
Other   2,580   2,997
Total $ 388,531 $ 408,408
 
Current liabilities $ 57,063 $ 66,194
Long-term obligations under capital leases 357 381
Deferred income taxes 23,056 23,056
Other long-term obligations 1,955 1,999
Stockholders’ equity   306,100   316,778
Total $ 388,531 $ 408,408

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
Senior Vice President
Chief Financial Officer
856-532-6603

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