Q2 2025 J & J Snack Foods Corp Earnings Call Transcript
Key Points
- Retail sales grew by 1.8% in the quarter, with frozen novelties showing a strong 14.7% growth, led by the Doxsters brand.
- The launch of Dippin' Dots Sundays reached $1 million in sales during the quarter, indicating successful product innovation.
- J&J Snack Foods Corp (JJSF) has increased Dippin' Dots theater presence by over 30% since the end of fiscal 2024.
- The company is optimistic about a strong summer lineup in theaters, which is expected to boost frozen beverage sales.
- J&J Snack Foods Corp (JJSF) is actively innovating its product portfolio to include more 'better for you' options, such as high-protein pretzels and frozen novelties with added health benefits.
- Total net sales for the fiscal second quarter declined by 1% to $356.1 million, primarily due to lower sales in frozen beverage and food service segments.
- Gross margin declined by 320 basis points to 26.9%, impacted by theater channel weakness and input cost inflation.
- The frozen beverage segment was negatively affected by foreign exchange headwinds and underperforming movie releases.
- Food service sales declined by 1.7%, with a significant impact from the loss of limited time offer churro volumes.
- The company experienced continued input cost inflation, particularly related to chocolate in the bakery business, which was not fully offset by price increases.
Good day and welcome to the J&J Snack Foods fiscal 2025 second quarter conference call. As a reminder, this call may be recorded.
I would now like to turn the call over to Norberto Aja, Investor relations. Please go ahead.
Thank you, operator, and good morning, everyone. Thank you for joining the J&J Snack Foods fiscal 2025 second quarter conference call.
Before getting started, let me take a minute to read the Safe Harbor language. This call contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements made on this call that do not relate to matters of historical facts should be considered forward-looking statements, including statements regarding management's plans, strategies, goals, expectations, and objectives, as well as our anticipated financial performance.
These statements are neither promises or guarantees and involve known and unknown risks, uncertainties, and other important factors that
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