J & J Snack Foods Q1 Earnings Call Highlights

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MarketBeat

Tue, February 3, 2026 astatine 11:38 AM CST 7 min read

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$343.8 million successful income (down 5.2% YoY) with adjusted EBITDA of $27 million (up 7%) and a 200-basis-point gross-margin betterment to 27.9% driven by aboriginal Project Apollo savings and a higher‑margin merchandise mix; adjusted EPS was $0.33 (reported EPS $0.05 aft one‑time charges).
Project Apollo delivered >$3 million of nett savings successful Q1 and absorption reiterated a $20 million run‑rate target, with ~$15 million from works consolidation (to beryllium implemented successful Q2) and ~$5 million from distribution/G&A ramping done Q3–Q4; the 4th included $6.1 million of non‑recurring closure costs and astir $5 million much expected successful FY26.
Strong liquidity and shareholder returns: the institution ended Q1 with $67 million cash, nary long‑term indebtedness and ~$210 million revolver capacity, generated $36 million operating currency flow, repurchased ~458,000 shares for $42 million and announced a caller $50 million buyback authorization.
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J & J Snack Foods (NASDAQ:JJSF) executives said an net betterment is “underway and gaining momentum” during the company’s fiscal first-quarter 2026 league call, citing aboriginal savings from its Project Apollo translation programme and improved gross borderline contempt little sales.

For the quarter, the institution reported income of $343.8 million and adjusted EBITDA of $27 million, which absorption said represented a 7% increase versus the anterior twelvemonth period. CEO Dan Fachner said results included $1 cardinal of unfavorable interaction from merchandise disposal costs, which absorption characterized arsenic a one-time lawsuit related to merchandise that went retired of specification.

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Management highlighted a 200 basis-point improvement successful consolidated gross borderline to 27.9%, attributing the summation to aboriginal Apollo savings, works consolidation efforts, and a much favorable merchandise mix. CFO Shawn Munsell added that gross borderline results besides reflected an intentional simplification successful lower-margin income and included the $1 cardinal merchandise disposal expense.

Net income declined 5.2% twelvemonth implicit year, which Fachner said was “mostly” tied to the bakery concern arsenic the institution focused connected higher-margin opportunities. He said astir $18 million of the gross diminution came from bakery, including astir $13 million related to SKU optimization efforts nether Project Apollo. The remaining bakery declines were described arsenic lower-margin products accordant with portfolio optimization.