J & J Snack Foods (JJSF) has reported a decline in its first-quarter earnings compared to the same period last year, falling short of Wall Street's expectations. The company posted a net income of $5.14 million, translating to earnings of $0.26 per share, down from $7.28 million, or $0.37 per share, reported in the previous year.
After adjusting for certain items, the company's earnings were $0.33 per share. Analysts had forecasted earnings of $0.59 per share, with such estimates commonly excluding extraordinary items.
Despite the earnings shortfall, J & J Snack Foods experienced a revenue increase of 4.1%, reaching $362.598 million from last year's $348.308 million.
Summary of J & J Snack Foods' financial performance (GAAP):
- Earnings: $5.14 million compared to $7.28 million from the prior year.
- Earnings Per Share (EPS): $0.26 in contrast to last year's $0.37.
- Revenue: Increased to $362.598 million from $348.308 million the previous year.
