Packaged food companies are struggling to generate sustainable growth. The lackluster response to changing food preferences, evolving retail landscape, and intensifying competition from niche brands have negatively impacted the top- and bottom-line performance of many food companies in recent years. No surprise, the food products industry has posted a negative return of 7.7% over the past three years while the S&P 500 Index has rallied 40%.
J&J Snack Foods Corp. (JJSF) is one of the better-performing companies from the bunch. The company has managed to grow its revenues at a CAGR of 5%