Bulletin
Investor Alert

Market Pulse Archives

Jan. 25, 2021, 5:24 p.m. EST

J&J Snack stock drops 14% as earnings miss Street expectations

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    J&J Snack Foods Corp. (JJSF)

or Cancel Already have a watchlist? Log In

By Wallace Witkowski

JJSF

J&J Snack Foods Corp. /zigman2/quotes/206526987/composite JJSF -0.13% shares dropped after the snack food company’s quarterly earnings fell short of Wall Street estimates. J&J Snack shares fell 14% after hours, following a 2.5% rise to close the session at $156.89. The company reported first-quarter net income of $1.8 million, or 9 cents a share, compared with $17.1 million, or 89 cents a share, in the year-ago period. Revenue declined to $241 million from $282.9 million in the year-ago quarter. Analysts surveyed by FactSet had forecast 20 cents a share on revenue of $228.5 million. “Our sales remain challenged by the lingering impacts of COVID-19 on both our consumers and our customers,” the company said in a statement. “Traffic in key food service venues that comprise 2/3 of our sales continue to operate at substantially reduced and limited capacity.”

/zigman2/quotes/206526987/composite
US : U.S.: Nasdaq
$ 158.76
-0.21 -0.13%
Volume: 126,582
Feb. 26, 2021 4:00p
P/E Ratio
1,020
Dividend Yield
1.45%
Market Cap
$3.01 billion
Rev. per Employee
$200,400
loading...

Get news alerts on J&J Snack Foods Corp. — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.