By Rob Curran
J&J Snack Foods' fiscal first-quarter net income fell as growth in sales of the food processor's frozen novelties and pretzels was offset by weakness in bakery sales.
The company behind Dippin' Dots and Luigi's Real Italian Ice posted earnings of $883,000, or 5 cents a share for the quarter ended in December, down from $19.6 million, or 26 cents a share, a year earlier.
Stripping out certain one-off items, J&J logged adjusted earnings of 33 cents a share, short of the mean analyst estimate of 36 cents a share, as per FactSet.
Sales fell 5.2% to $343.8 million, shy of the average Wall Street expectation of $360 million. A 17% drop in bakery sales weighed. Pretzel sales rose 6.9%.
"The momentum in our pretzel business from the second half of fiscal 2025 continued in the first quarter," said President, Chief Executive and Chairman Dan Fachner, in a statement. The company plans new product launches in the fiscal second quarter ending in March, including retail offerings of Dippin' Dots and new pretzel goods.
In August, the Mount Laurel, N.J., company said it would close some of its manufacturing plants as part of an effort to optimize its footprint.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
February 03, 2026 07:40 ET (12:40 GMT)
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