J+J Snack Foods: announces record earnings in Q3/2010

Pennsauken / NJ. (jj) J+J Snack Foods Corporation announced record sales and earnings for its third quarter and nine months ended June 26, 2010. Sales for the third quarter increased six percent to 189,7 million USD from 179,8 million USD in last year´s third quarter. Net earnings increased six percent to 15,9 million USD from 14,9 million USD last year. Earnings per diluted share were 0,85 USD for the June quarter compared to 0,80 USD last year. Operating income increased seven percent to 26,1 million USD this year from 24,4 million USD in the year ago period. For the nine months ended June 26, 2010, sales increased six percent to 496,2 million USD from 470,3 million USD in last year´s nine months. Net earnings increased 21 percent to 32,0 million USD in the nine months from 26,5 million USD last year. Earnings per diluted share were 1,71 USD for the nine months compared to 1,42 USD last year. Operating income increased 22 percent to 52,4 million USD from 43,1 million USD in the year ago period. Gerald B. Shreiber, J+J´s President and Chief Executive Officer: «All of our business groups, led by our ICEE beverage and supermarket businesses, contributed to our record setting sales performance. In a difficult economy, we were able to continue to grow our business».