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Stock impact report

J & J SNACK FOODS REVISES POTENTIAL IMPACT OF CORONAVIRUS (COVID-19) ON ITS RESULTS OF OPERATIONS  

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: GlobeNewswire
         Pennsauken, N.J., March 23, 2020 (GLOBE NEWSWIRE) --  J & J Snack Foods Corp. (NASDAQ-JJSF)  announced today that the virtual shutdown of large segments of the US economy resulting from the efforts to limit the spread of the coronavirus (COVID-19)  is having a material impact on its sales and operations and that it expects its results of operations to be materially negatively impacted. The Company said that it is unable to estimate what the impact will be although it said the impact will be material.  In a press release dated March 12, 2020, the Company had indicated that approximately 1/3 of its annual revenue was to venues and locations that it said it believed would be primarily impacted. With the expansion of government shutdown orders, the Company now says that 2/3 of its annual revenue of approximately $1.2 billion is to venues and locations that have shut down or sharply curtailed their foodservice operations over the past 10 days and that, although the balance of it Show less Read more
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