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): July 28, 2014

J & J SNACK FOODS CORP.

(Exact name of registrant as specified in its charter)

New Jersey	0-14616	22-1935537
(State or Other	(Commission	(I.R.S. Employer
Jurisdiction of Organization)	File Number)	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 July 28, 2014, J & J Snack Foods Corp. issued a press release regarding its earnings for the third quarter of fiscal 2014.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(c) Exhibits

Exhibit Number	Description of Document
99.1	Press Release dated July 28, 2014

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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: July 28, 2014

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EXHIBIT INDEX

Exhibit Number	Description
99.1	Press Release dated July 28, 2014

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EX-99

Exhibit 99.1

IMMEDIATE RELEASE	Contact:	Dennis G. Moore
FOR:		Senior Vice President
		Chief Financial Officer
		(856) 532-6603

6000 Central Highway

Pennsauken, NJ 08109

J & J SNACK FOODS

REPORTS THIRD QUARTER SALES

AND EARNINGS

Pennsauken, NJ, July 28, 2014 - - J & J Snack Foods Corp. (NASDAQ-JJSF) today announced sales and earnings for the third quarter ended June 28, 2014.

Sales increased 8% to $257.1 million from $237.0 million in last year’s third quarter. Net earnings increased 12% to $23.7 million in the current quarter from $21.2 million last year. Earnings per diluted share increased 13% to $1.26 for the third quarter from $1.12 last year. Operating income increased 10% to $35.7 million in the current quarter from $32.4 million in the year ago quarter.

For the nine months ended June 28, 2014, sales increased 6% to $666.0 million from $629.8 million in last year’s nine months.  Net earnings increased 13% to $49.6 million in the nine months from $44.1 million last year.  Earnings per diluted share increased to 13% to $2.64 for the nine months from $2.33 last year.  Operating income increased 11% to $74.0 million from $66.6 million in the year ago period.

Gerald B. Shreiber, J & J’s President and Chief Executive Officer, commented,

“All of our business groups contributed to our record quarter. We had particular strong sales growth in our food service soft pretzel category led by our newer products such as pretzel rolls and sticks. Our ICEE group also had record sales and earnings and our retail grocery group had higher earnings as well.”

J&J Snack Foods Corp. is a leader and innovator in the snack food industry, providing nutritional and affordable branded niche snack foods and beverages to foodservice and retail supermarket outlets.  Manufactured and distributed nationwide, our principal products include SUPERPRETZEL, BAVARIAN BAKERY and other soft pretzels, ICEE and SLUSH PUPPIE frozen beverages, LUIGI’S, PHILLY SWIRL, MINUTE MAID* frozen juice bars and ices, WHOLE FRUIT sorbet and frozen fruit bars, MARY B’S biscuits and dumplings, DADDY RAY’S fig and fruit bars, CALIFORNIA CHURROS and TIO PEPE’S churros, PATIO Burritos and other handheld sandwiches, THE FUNNEL CAKE FACTORY funnel cakes, and several cookie brands within COUNTRY HOME BAKERS.  For more information, please visit us at www.jjsnack.com.

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

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J & J SNACK FOODS CORP. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EARNINGS

(Unaudited)

(in thousands, except per share amounts)

	Three months ended						Nine months ended
	June 28,			June 29,			June 28,			June 29,
	2014			2013			2014			2013
Net Sales	$	257,113		$	237,036		$	665,957		$	629,770
Cost of goods sold		172,745			161,714			460,570			442,162
Gross Profit		84,368			75,322			205,387			187,608
Operating expenses
Marketing		21,274			19,554			56,825			53,499
Distribution		19,314			16,750			51,816			47,863
Administrative		7,883			7,063			21,648			20,122
Other general expense (income)		234			(429	)		1,132			(480	)
		48,705			42,938			131,421			121,004
Operating Income		35,663			32,384			73,966			66,604
Other income (expense)
Investment income		1,159			904			3,273			2,576
Interest expense & other		(26	)		(29	)		(89	)		(82	)
Earnings before  income taxes		36,796			33,259			77,150			69,098
Income taxes		13,118			12,087			27,525			25,040
NET EARNINGS	$	23,678		$	21,172		$	49,625		$	44,058
Earnings per diluted share	$	1.26		$	1.12		$	2.64		$	2.33
Weighted average number of diluted shares		18,832			18,913			18,814			18,890
Earnings per basic share	$	1.27		$	1.13		$	2.66		$	2.34
Weighted average number of basic shares		18,686			18,807			18,686			18,804

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CONSOLIDATED BALANCE SHEETS

(in thousands, except share amounts)

	(unaudited)
	June 28,		September 28,
	2014		2013
Cash and cash equivalents	$	67,754	$	97,345
Current marketable securities held to maturity		-		256
Other current assets		197,832		167,116
Property, plant and equipment, net		158,673		147,164
Goodwill		86,265		76,899
Other intangible assets, net		52,345		44,012
Marketable securities held to maturity		2,000		2,000
Marketable securities available for sale		129,640		107,664
Other		3,726		3,205
Total	$	698,235	$	645,661
Current Liabilities	$	103,882	$	83,239
Long-term obligations under capital leases		402		136
Deferred income taxes		45,807		45,183
Other long-term liabilities		525		538
Stockholders' Equity		547,619		516,565
Total	$	698,235	$	645,661

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.

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