FX.co ★ J & J Snack Foods Q4 Profit Decreases, Misses Estimates

J & J Snack Foods (JJSF) has reported a decline in its fourth-quarter profit compared to the same period last year, falling short of Wall Street expectations.

The company recorded a net income of $29.6 million, or $1.52 per share, which is slightly down from $30.4 million, or $1.57 per share, in the fourth quarter of the previous year.

After adjusting for certain items, J & J Snack Foods posted earnings of $1.60 per share for the quarter.

On average, analysts, as surveyed by Thomson Reuters, had anticipated earnings of $1.84 per share, not taking into account any special items in their estimates.

Revenue for the quarter experienced a 3.9% decline, dropping to $426.756 million from the previous year's $443.863 million.

Snapshot of J & J Snack Foods' Earnings (GAAP):

- Fourth Quarter Earnings: $29.6 million, compared to $30.4 million in the prior year.

- Earnings Per Share (EPS) for the Quarter: $1.52, versus $1.57 last year.

- Quarterly Revenue: $426.756 million, down from $443.863 million a year ago.