J&J Snack Foods Files Q3 2024 10-Q

TL;DR

J&J Snack Foods dropped its Q3 10-Q. Check financials.

AI Summary

J&J Snack Foods Corp. filed its 10-Q for the period ending June 29, 2024. The filing details financial performance and operational updates for the third quarter of fiscal year 2024. Key financial figures and business segments are presented, providing insight into the company's recent activities and standing.

Why It Matters

This filing provides investors and stakeholders with the latest financial performance data for J&J Snack Foods Corp., crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags or significant new risks disclosed.

Key Players & Entities

• J&J SNACK FOODS CORP (company) — Filer
• 20240629 (date) — Period of Report
• 20240807 (date) — Filed as of Date
• MOUNT LAUREL, NJ (location) — Business Address

FAQ

Filing Documents

• jjsf20240629_10q.htm (10-Q) — 1751KB
• ex_704170.htm (EX-31.1) — 9KB
• ex_704171.htm (EX-31.2) — 9KB
• ex_704172.htm (EX-32.1) — 4KB
• ex_704173.htm (EX-32.2) — 4KB
• 0001437749-24-025199.txt ( ) — 7463KB
• jjsf-20240629.xsd (EX-101.SCH) — 52KB
• jjsf-20240629_def.xml (EX-101.DEF) — 332KB
• jjsf-20240629_lab.xml (EX-101.LAB) — 284KB
• jjsf-20240629_pre.xml (EX-101.PRE) — 368KB
• jjsf-20240629_cal.xml (EX-101.CAL) — 49KB
• jjsf20240629_10q_htm.xml (XML) — 1535KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 26 Item 4.

Controls and Procedures

Controls and Procedures 26 Part II. Other Information 26 Item 1.

Legal Proceedings

Legal Proceedings 26 Item 1A.

Risk Factors

Risk Factors 26 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 26 Item 5. Other Information 26 Item 6. Exhibits 26

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Consolidated Financial Statements

Item 1. Consolidated Financial Statements J & J SNACK FOODS CORP. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in thousands, except share amounts) June 29, 2024 September 30, (unaudited) 2023 Assets Current assets Cash and cash equivalents $ 64,047 $ 49,581 Accounts receivable, net 208,665 198,129 Inventories 179,696 171,539 Prepaid expenses and other 8,736 10,963 Total current assets 461,144 430,212 Property, plant and equipment, at cost Land 3,684 3,684 Buildings 54,996 45,538 Plant machinery and equipment 471,235 445,299 Marketing equipment 313,103 296,482 Transportation equipment 15,737 14,367 Office equipment 48,454 47,393 Improvements 67,565 51,319 Construction in progress 28,986 56,116 Total Property, plant and equipment, at cost 1,003,760 960,198 Less accumulated depreciation and amortization 609,601 574,295 Property, plant and equipment, net 394,159 385,903 Other assets Goodwill 185,070 185,070 Other intangible assets, net 184,203 183,529 Operating lease right-of-use assets 152,712 88,868 Other 3,387 3,654 Total other assets 525,372 461,121 Total Assets $ 1,380,675 $ 1,277,236 Liabilities and Stockholders' Equity Current liabilities Current finance lease liabilities $ 221 $ 201 Accounts payable 108,642 90,758 Accrued insurance liability 18,084 15,743 Accrued liabilities 20,956 14,214 Current operating lease liabilities 19,104 16,478 Accrued compensation expense 21,919 23,341 Dividends payable 14,264 14,209 Total current liabilities 203,190 174,944 Long-term debt 12,000 27,000 Noncurrent finance lease liabilities 441 600 Noncurrent operating lease liabilities 140,724 77,631 Deferred income taxes 81,652 81,310 Other long-term liabilities 4,752 4,233 Stockholders' Equity Preferred stock, $ 1 par value; authorized 10,000,000 shares; none issued - -

View Full Filing

View this 10-Q filing on SEC EDGAR