JJSF - J & J Food Snacks: Resilient And Enduring Amidst The Pandemic

• J & J Food Snacks Corp. reported revenues recorded a 15% decrease over the first quarter of FY2020, but still an improvement compared to the 19% decline in the last quarter.
• A 33% increase in sales from the Retail Supermarkets segment was not able to cover significant losses from their main contributor – the Food Service segment.
• Net income suffered significantly with 90% contraction due to pandemic-induced sales pressure.
• Long-term debt is paid off continuously which provides financing avenues for the company’s future endeavors in product innovation and/or acquisitions to maximize growth potential.
• The pressure to prove that it is performing instead of an overvalued stock is in place as expectations are high for its growth in the following fiscal years.

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