J&J Snack Foods Q1 2025 Update
Ticker: JJSF · Form: 10-Q · Filed: Feb 6, 2025 · CIK: 785956
Sentiment: neutral
Topics: 10-Q, financials, costs, related-party
TL;DR
J&J Snack Foods Q1 2025: Costs up, advisory fees paid to AMC Global, shipping costs with NFI.
AI Summary
J&J Snack Foods Corp. reported its first quarter results for fiscal year 2025, ending December 28, 2024. The company's filing details financial performance and operational updates. Notably, the report includes information on distribution and shipping costs related to NFI, and advisory consulting fees paid to AMC Global.
Why It Matters
This filing provides insight into J&J Snack Foods' recent financial performance and operational expenses, which can influence investor decisions and market perception.
Risk Assessment
Risk Level: medium — The filing contains details on various operational costs and related party transactions, which can introduce complexity and potential risks.
Key Numbers
- $0.00 — Board Advisory Consulting Fees (Fees paid to AMC Global for advisory and consulting services for the period ending December 28, 2024.)
- $0.00 — Attitudinal and Research Services (Fees paid to AMC Global for attitudinal and research services for the period ending December 28, 2024.)
- $0.00 — Distribution and Shipping Costs (Payments passed through third parties to NFI for the period ending December 28, 2024.)
Key Players & Entities
- J&J Snack Foods Corp. (company) — Filer of the 10-Q report
- 20241228 (date) — End date of the reporting period
- 20250206 (date) — Filing date of the report
- AMC Global (company) — Recipient of advisory consulting fees
- NFI (company) — Involved in distribution and shipping costs
FAQ
What were the total advisory and consulting fees paid to AMC Global in Q1 2025?
The filing indicates $0.00 for Board Advisory Consulting Fees and $0.00 for Attitudinal and Research Services paid to AMC Global for the period ending December 28, 2024.
What was the nature of the costs associated with NFI?
The costs associated with NFI were Distribution and Shipping Costs, with payments passed through third parties, for the period ending December 28, 2024.
What is the fiscal year end for J&J Snack Foods Corp.?
J&J Snack Foods Corp.'s fiscal year ends on September 28.
When was this 10-Q filing submitted?
This 10-Q filing was submitted on February 6, 2025.
What period does this 10-Q report cover?
This 10-Q report covers the first quarter of fiscal year 2025, ending on December 28, 2024.
Filing Stats: 4,465 words · 18 min read · ~15 pages · Grade level 14.6 · Accepted 2025-02-06 16:30:41
Filing Documents
- jjsf20240928_10q.htm (10-Q) — 1205KB
- ex_770651.htm (EX-31.1) — 9KB
- ex_770652.htm (EX-31.2) — 9KB
- ex_770653.htm (EX-32.1) — 4KB
- ex_770654.htm (EX-32.2) — 5KB
- 0001437749-25-003041.txt ( ) — 6220KB
- jjsf-20241228.xsd (EX-101.SCH) — 53KB
- jjsf-20241228_def.xml (EX-101.DEF) — 362KB
- jjsf-20241228_lab.xml (EX-101.LAB) — 299KB
- jjsf-20241228_pre.xml (EX-101.PRE) — 399KB
- jjsf-20241228_cal.xml (EX-101.CAL) — 47KB
- jjsf20240928_10q_htm.xml (XML) — 1065KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 27 Item 4.
Controls and Procedures
Controls and Procedures 28 Part II. Other Information Item 1.
Legal Proceedings
Legal Proceedings 29 Item 1A.
Risk Factors
Risk Factors 29 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 29 Item 5. Other Information 29 Item 6. Exhibits 29 2 PART I. FINANCIAL INFORMATION Item 1. Consolidated Financial Statements J & J SNACK FOODS CORP. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in thousands, except share amounts) December 28, 2024 September 28, (unaudited) 2024 Assets Current assets Cash and cash equivalents $ 73,562 $ 73,394 Accounts receivable, net of allowances of $ 23,329 and $ 25,106 163,837 189,233 Inventories 169,752 173,141 Prepaid expenses and other 20,387 14,646 Total current assets 427,538 450,414 Property, plant and equipment, at cost Land 3,684 3,684 Buildings and improvements 122,963 122,919 Plant machinery and equipment 481,211 475,194 Marketing equipment 320,344 317,269 Transportation equipment 16,053 15,796 Office equipment 48,840 48,589 Construction in progress 33,940 28,592 Total Property, plant and equipment, at cost 1,027,035 1,012,043 Less accumulated depreciation and amortization 633,300 620,858 Property, plant and equipment, net 393,735 391,185 Other non-current assets Goodwill 185,070 185,070 Trade name intangible assets, net 109,192 109,695 Other intangible assets, net 71,142 72,561 Operating lease right-of-use assets 156,164 152,383 Other 3,946 3,793 Total other non-current assets 525,514 523,502 Total Assets $ 1,346,787 $ 1,365,101 Liabilities and Stockholders' Equity Current liabilities Current finance lease liabilities $ 252 $ 243 Accounts payable 81,340 89,268 Accrued insurance liability 17,872 16,933 Accrued liabilities 11,419 10,063 Current operating lease liabilities 20,077 19,063 Accrued compensation expense 16,475 23,325 Dividends payable 15,193 15,178 Total current liabilities 162,628 174,073 Long-term debt - - Noncurre