J&J Snack Foods Corp. Files 8-K on Disposal and Impairment

TL;DR

JJSNACK filing 8-K: Costs from exits/disposals and impairments reported. Details TBD.

AI Summary

J&J Snack Foods Corp. filed an 8-K on August 28, 2025, reporting on cost associated with exit or disposal activities, material impairments, and financial statements and exhibits. The filing does not specify dollar amounts or specific dates for these activities beyond the report date.

Why It Matters

This filing indicates potential restructuring or asset write-downs within J&J Snack Foods Corp., which could impact future financial performance and investor outlook.

Risk Assessment

Risk Level: medium — The filing mentions costs associated with exit or disposal activities and material impairments, which can signal financial distress or significant strategic shifts.

Key Players & Entities

• J&J SNACK FOODS CORP. (company) — Registrant
• August 28, 2025 (date) — Date of earliest event reported
• New Jersey (location) — State of incorporation
• 000-14616 (other) — SEC File Number
• 22-1935537 (other) — I.R.S. Employer Identification No.
• 350 Fellowship Rd., Mount Laurel, New Jersey 08054 (address) — Principal executive offices
• 856-665-9533 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $12 million — ted asset impairment charges of between $12 million and $20 million in our fiscal fourth qu
• $20 million — ment charges of between $12 million and $20 million in our fiscal fourth quarter of 2025 an
• $4 million — t write-downs and write-offs of between $4 million and $8 million, predominantly related t
• $8 m — nd write-offs of between $4 million and $8 million, predominantly related to certain
• $2 million — Severance and benefit costs of between $2 million and $3 million (pre-tax), of which cash
• $3 million — benefit costs of between $2 million and $3 million (pre-tax), of which cash payments are e
• $6 million — ther exit and disposal costs of between $6 million and $9 million (pre-tax), of which cash
• $9 million — isposal costs of between $6 million and $9 million (pre-tax), of which cash payments are e
• $15 million — e pre-tax cost savings of approximately $15 million on an annualized run-rate basis. These

Filing Documents

• jjsf20250828_8k.htm (8-K) — 30KB
• 0001437749-25-027951.txt ( ) — 157KB
• jjsf-20250828.xsd (EX-101.SCH) — 3KB
• jjsf-20250828_def.xml (EX-101.DEF) — 11KB
• jjsf-20250828_lab.xml (EX-101.LAB) — 15KB
• jjsf-20250828_pre.xml (EX-101.PRE) — 11KB
• jjsf20250828_8k_htm.xml (XML) — 3KB

05. COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES

ITEM 2.05. COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES On August 28, 2025, J & J Snack Foods Corp. committed to a plan to strategically optimize the Company's manufacturing footprint through, among other things, the closure of certain of its manufacturing plants. The contemplated closures will include asset write-down and write-off charges, severance and related benefits costs, and other exit and disposal costs. In connection with the planned closures, the Company expects to record total pre-tax plant closure and related asset impairment charges of between $12 million and $20 million in our fiscal fourth quarter of 2025 and into our fiscal year 2026. These charges are expected to include: - Non-cash pre-tax asset write-downs and write-offs of between $4 million and $8 million, predominantly related to certain property, plant, and equipment at our impacted plants. - Severance and benefit costs of between $2 million and $3 million (pre-tax), of which cash payments are expected to be made in our fiscal fourth quarter of 2025 and into our fiscal year 2026. - Other exit and disposal costs of between $6 million and $9 million (pre-tax), of which cash payments are expected to be made in our fiscal fourth quarter of 2025 and into our fiscal year 2026. The Company expects the closure activities to be completed in our fiscal year 2026, and that plant optimization will generate pre-tax cost savings of approximately $15 million on an annualized run-rate basis. These savings will be a component of our previously announced transformation program.

06. MATERIAL IMPAIRMENTS

ITEM 2.06. MATERIAL IMPAIRMENTS The disclosure under Item 2.05 is incorporated by reference into this Item 2.06. Cautionary Statement Regarding Forward-Looking Information This Current Report on Form 8-K includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding the Company's expected amount of cost savings and pre-tax charges and the anticipated timing of such savings and pre-tax charges and certain other actions described herein, as well as statements that include words such as "anticipate," "if," "believe," "plan," "goals," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. Such forward-looking statements are inherently uncertain, and readers must recognize that actual results may differ materially from the expectations of management. We do not undertake a duty to update such forward-looking statements. Factors that may cause actual results to differ from those in the forward-looking statements include, but are not limited to, industry, economic and other conditions, as well as other factors, that could affect the amount of such savings and pre-tax charges and the timing of such savings and pre-tax charges or other actions described herein, and other risks identified in our annual report on Form 10-K, and our other filings with the Securities and Exchange Commission. Many of these factors are outside of the Company's control.

01. FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits Exhibit Number Description of Document 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. J & J SNACK FOODS CORP. By: /s/ Shawn Munsell Shawn Munsell Chief Financial Officer Date: August 28, 2025 3

View Full Filing

View this 8-K filing on SEC EDGAR