MT. LAUREL, N.J. (AP) — MT. LAUREL, N.J. (AP) — J&J Snack Foods Corp. (JJSF) on Wednesday reported fiscal fourth-quarter net income of $29.6 million.
The Mt. Laurel, New Jersey-based company said it had profit of $1.52 per share. Earnings, adjusted for one-time gains and costs, were $1.60 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.
The drink and snack maker posted revenue of $426.8 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $430.1 million.
For the year, the company reported profit of $86.6 million, or $4.45 per share. Revenue was reported as $1.57 billion.
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