J&J Snack Foods Q1 EPS $0.52 Misses $0.78 Estimate, Sales $348.31M Miss $362.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
J&J Snack Foods (NASDAQ:JJSF) reported Q1 earnings of $0.52 per share, missing the consensus estimate of $0.78 by 33.33%. Quarterly sales were $348.31M, missing the estimate of $362.88M by 4.01%. This represents a 23.81% increase in earnings per share and a 0.86% decrease in sales from the same period last year.
February 05, 2024 | 9:16 pm
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J&J Snack Foods reported lower-than-expected Q1 earnings and sales, with earnings per share at $0.52 vs. the $0.78 estimate and sales at $348.31M vs. the $362.88M estimate.
Missing both earnings and sales estimates significantly, especially by 33.33% for earnings per share, is likely to negatively impact investor sentiment and the stock price in the short term. The decrease in sales compared to the previous year further compounds concerns.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100