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Stock impact report

J & J Snack Foods Reports First Quarter Sales and Earnings

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., Jan. 29, 2018 (GLOBE NEWSWIRE) -- J & J Snack Foods Corp. (NASDAQ:JJSF) today announced sales and earnings for the first quarter ended December 30, 2017. Sales increased 18% to $265.2 million from $225.6 million in last year’s first quarter. Net earnings increased to $36.2 million in the current quarter from $13.6 million last year.  Earnings per diluted share increased to $1.93 for the first quarter from $.72 last year. Operating income increased 10% to $21.2 million in the current quarter from $19.3 million in the year ago quarter. Net earnings for the current year quarter benefited from a $20.9 million, or $1.11 per diluted share, gain on the re-measurement of deferred tax liabilities and a $2.0 million, or $0.11 per diluted share, reduction in income taxes related primarily to the lower corporate tax rate enacted under the Tax Cuts and Jobs Act in December 2017.  Net earnings were impacted by a $1.2 million, or $.06 per diluted share, provision for the one-ti Show less Read more
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