PENNSAUKEN, N.J.--(BUSINESS WIRE)--July 23, 2009--J & J Snack Foods Corp. (NASDAQ:JJSF) today announced record sales and earnings for its third quarter and nine months ended June 27, 2009.

Sales for the third quarter increased 2% to $179.8 million from $176.8 million in last year's third quarter. Net earnings increased 38% to $14.9 million from $10.8 million last year. Earnings per diluted share were $.80 for the June quarter compared to $.57 last year. Operating income increased 40% to $24.4 million this year from $17.5 million in the year ago period.

For the nine months ended June 27, 2009, sales increased 4% to $470.3 million from $452.0 million in last year's nine months. Net earnings increased 58% to $26.5 million in the nine months from $16.7 million last year. Earnings per diluted share were $1.42 for the nine months compared to $.88 last year. Operating income increased 69% to $43.1 million from $25.5 million in the year ago period.

Gerald B. Shreiber, J & J’s President and Chief Executive Officer, commented; “We had strong performances from our food service and retail grocery groups during the quarter. Although we continue to be challenged with issues facing the overall economy, we are confident of our abilities to overcome these issues.”

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.


	Unaudited Consolidated Statement of Operations
	Three Months Ended				Nine Months Ended
	June 27,		June 28,		June 27,		June 28,
	2009		2008		2009		2008
	(in thousands)
Net sales	$	179,761	$	176,839	$	470,255	$	451,966
Cost of goods sold		118,727		121,087		323,162		320,427
Gross profit		61,034		55,752		147,093		131,539
Operating expenses		36,654		38,298		104,002		106,069
Operating income		24,380		17,454		43,091		25,470
Other income		263		532		965		1,969
Earnings before income taxes		24,643		17,986		44,056		27,439
Income taxes		9,714		7,166		17,564		10,724
Net earnings	$	14,929	$	10,820	$	26,492	$	16,715

Earnings per diluted share	$	.80	$	.57	$	1.42	$	.88
Earnings per basic share	$	.81	$	.58	$	1.43	$	.89
Weighted average number of diluted shares		18,698		18,981		18,697		19,013
Weighted average number of basic shares		18,480		18,762		18,507		18,772


	Consolidated Balance Sheets
	June 27, 2009		September 27, 2008
	(Unaudited)
	(in thousands)
Cash & cash equivalents	$	59,116	$	44,265
Current marketable securities held to maturity		22,047		2,470
Current auction market preferred stock		-		14,000
Other current assets		118,167		116,465
Property, plant & equipment, net		93,521		93,064
Goodwill		60,314		60,314
Other intangible assets, net		50,252		53,633
Long-term auction market preferred stock		-		21,200
Long-term marketable securities held to maturity		20,402		-
Other		2,342		2,997
Total	$	426,161	$	408,408

Current liabilities		73,977		66,194
Long-term obligations under capital leases		309		381
Deferred income taxes		23,056		23,056
Other long-term obligations		1,999		1,999
Stockholders’ equity		326,820		316,778
Total	$	426,161	$	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