J & J Snack Foods Corp. (JJSF) reported a third quarter loss per share of $0.67 compared to profit of $1.63 per share, last year. On average, four analysts polled by Thomson Reuters expected the company to report a loss per share of $0.11, for the quarter. Analysts' estimates typically exclude special items. Operating loss was $19.4 million compared to operating income of $39.0 million prior year.
Third quarter sales decreased 34% year-on-year to $214.6 million. Analysts expected revenue of $184 million for the quarter.
J & J Snack Foods stated that its sales for the last 5 weeks of the third quarter, or fiscal June, improved to being down approximately 24% from previous year. As the company has $270 million of cash and marketable securities on its balance sheet, it does not anticipate to have any liquidity issues.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.