J&J Snack Foods
The 10-second takeaway
For the quarter ended June 29 (Q3), J&J Snack Foods met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share expanded.
Gross margins dropped, operating margins expanded, net margins expanded.
J&J Snack Foods reported revenue of $237.0 million. The three analysts polled by S&P Capital IQ wanted to see revenue of $238.7 million on the same basis. GAAP reported sales were 4.7% higher than the prior-year quarter's $226.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $1.13. The three earnings estimates compiled by S&P Capital IQ forecast $1.11 per share. GAAP EPS of $1.13 for Q3 were 14% higher than the prior-year quarter's $0.99 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 31.8%, 20 basis points worse than the prior-year quarter. Operating margin was 13.7%, 40 basis points better than the prior-year quarter. Net margin was 8.9%, 70 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $248.6 million. On the bottom line, the average EPS estimate is $1.09.
Next year's average estimate for revenue is $878.5 million. The average EPS estimate is $3.42.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 138 members out of 144 rating the stock outperform, and six members rating it underperform. Among 55 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give J&J Snack Foods a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on J&J Snack Foods is buy, with an average price target of $83.00.
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