New Jersey
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0-14616
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22-1935537
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(State or Other
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(Commission
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(I.R.S. Employer
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Jurisdiction of Organization)
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File Number)
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Identification No.)
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Exhibit Number | Description of Document |
99.1 | Press Release dated January 23, 2012 |
J & J SNACK FOODS CORP. | |||
By:
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/s/ Gerald B. Shreiber | ||
Gerald B. Shreiber
President
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|||
By: | /s/ Dennis G. Moore | ||
Dennis G. Moore
Chief Financial Officer
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Exhibit Number | Description |
99.1 | Press Release dated January 23, 2012 |
IMMEDIATE RELEASE | Contact: |
Dennis G. Moore
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FOR:
![]() |
Senior Vice President
Chief Financial Officer
(856) 532-6603
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6000 Central Highway
Pennsauken, NJ 08109
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Consolidated Statement of Operations
Three Months Ended
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||||||||
December 24, | December 25, | |||||||
2011
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2010
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|||||||
(unaudited)
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||||||||
(in thousands)
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||||||||
Net sales
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$ | 172,686 | $ | 155,632 | ||||
Cost of goods sold
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126,280 | 109,531 | ||||||
Gross profit
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46,406 | 46,101 | ||||||
Operating expenses
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37,943 | 35,128 | ||||||
Operating income
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8,463 | 10,973 | ||||||
Other income
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316 | 200 | ||||||
Earnings before income taxes
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8,779 | 11,173 | ||||||
Income taxes
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3,294 | 4,079 | ||||||
Net earnings
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$ | 5,485 | $ | 7,094 | ||||
Earnings per diluted share
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$ | .29 | $ | .38 | ||||
Earnings per basic share
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$ | .29 | $ | .38 | ||||
Weighted average number of diluted shares
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18,874 | 18,702 | ||||||
Weighted average number of basic shares
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18,806 | 18,578 |
Consolidated Balance Sheets
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||||||||
December 24, 2011
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September 24, 2011
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|||||||
(unaudited)
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||||||||
(in thousands)
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||||||||
Cash & cash equivalents
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$ | 94,091 | $ | 87,479 | ||||
Current marketable securities held to maturity
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8,650 | 25,506 | ||||||
Other current assets
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128,846 | 146,865 | ||||||
Property, plant & equipment, net
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127,039 | 124,650 | ||||||
Goodwill
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70,070 | 70,070 | ||||||
Other intangible assets, net
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51,373 | 52,005 | ||||||
Marketable securities held to maturity
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63,000 | 42,000 | ||||||
Other
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2,226 | 2,241 | ||||||
Total
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$ | 545,295 | $ | 550,816 | ||||
Current liabilities
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$ | 65,492 | $ | 75,848 | ||||
Long-term obligations under capital leases
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448 | 523 | ||||||
Deferred income taxes
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40,993 | 41,050 | ||||||
Other long-term obligations
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965 | 1,007 | ||||||
Stockholders’ equity
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437,397 | 432,388 | ||||||
Total
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$ | 545,295 | $ | 550,816 |