-----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, QDOd1wV0irUUkS8gno5QSH2awVPePxfnukJTtoNz1Q4s1UwrmtTfLXKU3p4TEHpB 4Jfqd8O8PDPm4ZSFvbiliA== 0001157523-10-000259.txt : 20100122 0001157523-10-000259.hdr.sgml : 20100122 20100122082355 ACCESSION NUMBER: 0001157523-10-000259 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100121 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100122 DATE AS OF CHANGE: 20100122 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: 10540266 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 a6151315.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 21, 2010

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))


ITEM 2.02.  RESULTS OF OPERATIONS AND FINANCIAL CONDITIONS

On January 21, 2010, J & J Snack Foods Corp. issued a press release regarding its earnings for the first quarter of fiscal 2010.  

ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

Exhibit Number

 

Description of Document

 

99.1

Press Release dated January 21, 2010


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 21, 2010


EXHIBIT INDEX

Exhibit Number   Description
 

99.1

Press Release dated January 21, 2010

EX-99.1 2 a6151315ex991.htm EXHIBIT 99.1

Exhibit 99.1

J & J Snack Foods Reports First Quarter Sales and Earnings

PENNSAUKEN, N.J.--(BUSINESS WIRE)--January 21, 2010--J & J Snack Foods Corp. (NASDAQ:JJSF) today announced record sales and increased earnings for the first quarter ended December 26, 2009.

Sales increased 6% to $149.1 million from $141.1 million in last year’s first quarter. Net earnings increased 64% to $7.1 million in the current quarter from $4.3 million last year. Earnings per diluted share were $.38 for the first quarter compared to $.23 last year. Operating income increased 68% to $11.5 million in the current quarter from $6.8 million in the year ago quarter.

Gerald B. Shreiber, J & J’s President and Chief Executive Officer, commented, “Lower ingredients and packaging costs, as well as new product sales and innovation, helped drive our results for the quarter. All of our business groups contributed to our record profits.”

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 26,     December 27,

2009

2008

(unaudited)
(in thousands)
 
Net sales $ 149,102 $ 141,142
Cost of goods sold   103,083   100,460
Gross profit 46,019 40,682
Operating expenses   34,528   33,851
Operating income 11,491 6,831
Other income   283   432
Earnings before income taxes 11,774 7,263
Income taxes   4,683   2,944
Net earnings $ 7,091 $ 4,319
 
Earnings per diluted share $ .38 $ .23
Earnings per basic share $ .38 $ .23
Weighted average number of diluted shares 18,717 18,774
Weighted average number of basic shares 18,544 18,616
 
     

 

Consolidated Balance Sheets

December 26, 2009

   

September 26, 2009

(unaudited)
(in thousands)
 
Cash & cash equivalents $ 60,935 $ 60,343
Current marketable securities held to maturity 27,664 38,653
Other current assets 107,176 112,115
Property, plant & equipment, net 98,698 97,173
Goodwill 60,314 60,314
Other intangible assets, net 48,001 49,125

Long-term marketable securities held to maturity

31,039 19,994
Other   1,967   2,110
Total $ 435,794 $ 439,827
 
Current liabilities $ 63,862 $ 67,679
Long-term obligations under capital leases 261 285
Deferred income taxes 27,033 27,033
Other long-term obligations 1,891 1,986
Stockholders’ equity   342,747   342,844
Total $ 435,794 $ 439,827
 


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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