BUZZ-J & J Snack Foods down after first-quarter profit miss

Reuters
05 Feb
BUZZ-J & J Snack Foods down after first-quarter profit miss

** Shares of snack foods manufacturer J & J Snack Foods Corp JJSF.O down as much as 12% to a more than four-year low of $116.60

** Company posted Q1 profit that missed Wall Street estimates after market close on Monday, hurt by cost inflation of chocolates, eggs and proteins, along with negative foreign exchange impacts

** JJSF reported a Q1 adjusted EPS of 33 cents missing estimates of 59 cents, according to data compiled by LSEG

** Posted Q1 net sales of $362.6 mln vs ests. of $361.67

** JJSF fell ~7% in 2024

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10