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J&J Snack Foods (JJSF) Q1 Earnings Report Preview: What To Look For

StockStory - Sun May 5, 2:01AM CDT

JJSF Cover Image

Snack food company J&J Snack Foods (NASDAQ:JJSF) will be reporting results tomorrow after market close. Here's what you need to know.

J&J Snack Foods missed analysts' revenue expectations by 4% last quarter, reporting revenues of $348.3 million, flat year on year. It was a weak quarter for the company, with a miss of analysts' earnings estimates.

Is J&J Snack Foods a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting J&J Snack Foods's revenue to be flat year on year at $341.1 million, slowing from the 20% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.61 per share.

J&J Snack Foods Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. J&J Snack Foods has missed Wall Street's revenue estimates four times over the last two years.

Looking at J&J Snack Foods's peers in the shelf-stable food segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Post delivered year-on-year revenue growth of 23.4%, missing analysts' expectations by 1.5%, and Kellanova reported a revenue decline of 4.2%, topping estimates by 1.3%. Post traded down 2.1% following the results while Kellanova was up 6.2%.

Read our full analysis of Post's results here and Kellanova's results here.

Investors in the shelf-stable food segment have had steady hands going into earnings, with share prices flat over the last month. J&J Snack Foods's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $174 (compared to the current share price of $138.24).

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