PENNSAUKEN, N.J.--(BUSINESS WIRE)--July 22, 2010--J & J Snack Foods Corp. (NASDAQ:JJSF) today announced record sales and earnings for its third quarter and nine months ended June 26, 2010.

Sales for the third quarter increased 6% to $189.7 million from $179.8 million in last year's third quarter. Net earnings increased 6% to $15.9 million from $14.9 million last year. Earnings per diluted share were $.85 for the June quarter compared to $.80 last year. Operating income increased 7% to $26.1 million this year from $24.4 million in the year ago period.

For the nine months ended June 26, 2010, sales increased 6% to $496.2 million from $470.3 million in last year's nine months. Net earnings increased 21% to $32.0 million in the nine months from $26.5 million last year. Earnings per diluted share were $1.71 for the nine months compared to $1.42 last year. Operating income increased 22% to $52.4 million from $43.1 million in the year ago period.

Gerald B. Shreiber, J & J’s President and Chief Executive Officer, commented: “All of our business groups, led by our ICEE beverage and supermarket businesses, contributed to our record setting sales performance. In a difficult economy, we were able to continue to grow our business.”

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 and CALIFORNIA CHURROS 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 Norwalk, California.


	Unaudited Consolidated Statement of Operations
	Three Months Ended				Nine Months Ended
	June 26,		June 27,		June 26,		June 27,
	2010		2009		2010		2009
	(in thousands)
Net sales	$	189,729	$	179,761	$	496,192	$	470,255
Cost of goods sold		124,698		118,727		335,345		323,162
Gross profit		65,031		61,034		160,847		147,093
Operating expenses		38,969		36,654		108,474		104,002
Operating income		26,062		24,380		52,373		43,091
Other income		236		263		717		965
Earnings before income taxes		26,298		24,643		53,090		44,056
Income taxes		10,437		9,714		21,138		17,564
Net earnings	$	15,861	$	14,929	$	31,952	$	26,492

Earnings per diluted share	$	.85	$	.80	$	1.71	$	1.42
Earnings per basic share	$	.86	$	.81	$	1.73	$	1.43
Weighted average number of diluted shares		18,731		18,698		18,705		18,697
Weighted average number of basic shares		18,529		18,480		18,516		18,507

			Consolidated Balance Sheets
			June 26, 2010				September 26, 2009
			(Unaudited)
			(in thousands)

Cash & cash equivalents			$	54,293			$	60,343
Current marketable securities held to maturity				26,865				38,653
Other current assets				125,504				112,115
Property, plant & equipment, net				103,718				97,173
Goodwill				70,070				60,314
Other intangible assets, net				56,577				49,125
Long-term marketable securities held to maturity				28,322				19,994
Other				1,893				2,110
Total			$	467,242			$	439,827

Current liabilities			$	72,689			$	67,679
Long-term obligations under capital leases				211				285
Deferred income taxes				27,033				27,033
Other long-term liabilities				1,983				1,986
Stockholders’ equity				365,326				342,844
Total			$	467,242			$	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

Exhibit Number	Description of Document

99.1	Press Release dated July 22, 2010

	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: July 22, 2010

Exhibit Number		Description

99.1		Press Release dated July 22, 2010