J & J Snack Foods Q1 Profit Declines - Quick Facts

(RTTNews) - J & J Snack Foods Corp. (JJSF) reported first-quarter net income of $11.26 million or $0.60 per share, compared to $12.43 million or $0.66 per share, prior year. Operating income decreased 8% year-over-year.

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.70 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $212.75 million from $203.52 million last year. Analysts expected revenue of $212.13 million for the quarter.

Gerald Shreiber, J & J's President and CEO, said: "In addition to the seasonal loss of our PHILLY SWIRL business which was acquired in May 2014, our operating income was impacted by higher operating expenses of our ICEE frozen beverage business during its seasonally low period and soft volume and higher costs in our food service business."