- 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.
For further details see:
J & J Food Snacks: Resilient And Enduring Amidst The Pandemic