Pretzel products, churros drive earnings gain at J&J Snack Foods

摘要

Cool weather conditions in the northeast may have crimped retail supermarket sales, but demand for churros and soft pretzel products were more than enough to catapult sales and earnings at J&J Snack Foods Corp. in fiscal 2013. Net income in the year ended Sept. 28 was $64,381,000, equal to $3.43 per share on the common stock, up 19% from $54,118,000, or $2.87 per share, in fiscal 2012. Net sales increased 4% to $867,683,000 from $830,796,000. Pretzels, especially, have been a big win for J&J Snack over the past year.