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 27, 2015

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))

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ITEM 2.02.  RESULTS OF OPERATIONS AND FINANCIAL CONDITIONS

On July 27, 2015, J & J Snack Foods Corp. issued a press release regarding its earnings for the third quarter of fiscal 2015.

ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

(c) Exhibits

Exhibit Number	Description of Document
99.1	Press Release dated July 27, 2015

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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 27, 2015

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EXHIBIT INDEX

Exhibit Number	Description
99.1	Press Release dated July 27, 2015

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EX-99.1

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 27, 2015 - - J & J Snack Foods Corp. (NASDAQ-JJSF) today announced sales and earnings for the third quarter ended June 27, 2015.

Sales increased 8% to $278.7 million from $257.1 million in last year’s third quarter. Net earnings increased 3% to $24.5 million in the current quarter from $23.7 million last year. Earnings per diluted share increased 3% to $1.30 for the third quarter from $1.26 last year. Operating income increased 9% to $38.8 million in the current quarter from $35.7 million in the year ago quarter.

For the nine months ended June 27, 2015, sales increased 8% to $716.5 million from $666.0 million in last year’s nine months.  Net earnings were $50.4 million this year and $49.6 million last year for the nine months. Earnings per diluted share increased to $2.68 from $2.64 last year. Operating income increased 4% to $77.2 million this year from $74.0 million last year for the nine months.

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

“Our sales and earnings improvement this quarter was driven by outstanding performances by our retail supermarkets and ICEE businesses.  Results of our food service segment were disappointing.”

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 27,			June 28,			June 27,			June 28,
	2015			2014			2015			2014
Net Sales	$	278,724		$	257,113		$	716,484		$	665,957
Cost of goods sold		188,328			172,745			498,037			460,570
Gross Profit		90,396			84,368			218,447			205,387
Operating expenses
Marketing		23,201			21,274			62,674			56,825
Distribution		20,429			19,314			55,583			51,816
Administrative		7,910			7,883			22,897			21,648
Other general expense		45			234			67			1,132
		51,585			48,705			141,221			131,421
Operating Income		38,811			35,663			77,226			73,966
Other income (expense)
Investment (loss) income		(53	)		1,159			2,579			3,273
Interest expense & other		(34	)		(26	)		(88	)		(89	)
Earnings before income taxes		38,724			36,796			79,717			77,150
Income taxes		14,262			13,118			29,362			27,525
NET EARNINGS	$	24,462		$	23,678		$	50,355		$	49,625
Earnings per diluted share	$	1.30		$	1.26		$	2.68		$	2.64
Weighted average number of diluted shares		18,823			18,832			18,815			18,814
Earnings per basic share	$	1.31		$	1.27		$	2.70		$	2.66
Weighted average number of basic shares		18,691			18,686			18,683			18,686

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CONSOLIDATED BALANCE SHEETS

(in thousands, except share amounts)

	June 27,		September 27,
	2015		2014
	(unaudited)
Cash and cash equivalents	$	126,548	$	91,760
Other current assets		207,160		183,846
Property, plant and equipment, net		169,276		157,529
Goodwill		86,442		86,442
Other intangible assets, net		47,150		50,989
Marketable securities held to maturity		-		2,000
Marketable securities available for sale		103,352		128,117
Other		2,998		4,090
Total	$	742,926	$	704,773
Current Liabilities	$	105,569	$	95,957
Long-term obligations under capital leases		1,265		374
Deferred income taxes		44,848		44,785
Other long-term liabilities		971		1,139
Stockholders' Equity		590,273		562,518
Total	$	742,926	$	704,773

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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