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Stock impact report

J&J Snack Foods to close three plants under Project Apollo transformation [Yahoo! Finance]

J & J Snack Foods Corp. (JJSF) 
Last j & j snack foods corp. earnings: 4/27 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: jsoftware.com
Company Research Source: Yahoo! Finance
Dan Fachner, the CEO of the US snacks and frozen beverages business, said Project Apollo is expected to deliver $20m in annualised operating income once fully in place in its fiscal 2026 year, which started on 28 September The first phase mainly revolves around the closure of three production plants located in Holly Ridge, North Carolina; Atlanta, Georgia; and Colton, California, Fachner added as he discussed the company's 2024/2025 financial-year results with analysts this week. Those numbers showed declines across most metrics in the fourth quarter ended 27 September and a similar performance across the full year, which included a 28% decrease in operating income to $84.3m. “Production from these facilities will either be consolidated into other facilities or discontinued as part of an ongoing portfolio optimisation,” the CEO of the Super Pretzel and Hola Churros snacks brand owner said. “The closures reflect the next logical step in the evolution of our manufacturing footp Show less Read more
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