Snack food company J&J Snack Foods (NASDAQ:JJSF) will be reporting earnings this Monday before the bell. Here’s what investors should know.
J&J Snack Foods beat analysts’ revenue expectations by 2% last quarter, reporting revenues of $454.3 million, up 3.3% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ adjusted operating income estimates.
Is J&J Snack Foods a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting J&J Snack Foods’s revenue to decline 4% year on year to $409.8 million, in line with the 3.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.24 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. J&J Snack Foods has missed Wall Street’s revenue estimates four times over the last two years.
Looking at J&J Snack Foods’s peers in the shelf-stable food segment, some have already reported their Q3 results, giving us a hint as to what we can expect. SunOpta delivered year-on-year revenue growth of 16.6%, beating analysts’ expectations by 5.2%, and Hershey reported revenues up 6.5%, topping estimates by 2.2%. SunOpta traded down 28.3% following the results while Hershey was also down 3.2%.
Read our full analysis of SunOpta’s results here and Hershey’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the shelf-stable food stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.9% on average over the last month. J&J Snack Foods is down 8.7% during the same time and is heading into earnings with an average analyst price target of $125 (compared to the current share price of $86.55).
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