Filing Flows › J&J Snack Foods (JJSF) › Q4 FY24
J&J Snack Foods (JJSF) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 26, 2024
J&J Snack Foods (JJSF) reported revenue of $427M for the fourth quarter fiscal 2024 (Q4 FY24), -4% from a year earlier and -3% from the quarter before. Operating margin was 9.3%, net earnings $29.6M (6.9% of revenue).
J&J Snack Foods, Q4 FY24: revenue $427M (-4% year over year), operating margin 9.3%, net earnings $29.6M, operating cash flow $46.3M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $427M | -3% | -4% |
| Gross profit | $136M | -8% | -7% |
| Operating profit | $39.8M | -21% | -4% |
| Net earnings | $29.6M | -18% | -3% |
| Operating cash flow | $46.3M | -29% | -30% |
| Free cash flow | $29.1M | -36% | -24% |
What changed
Revenue was $426.8M in Q4 FY24, down 4% year over year and down 3% from the previous quarter. Food Service was the largest line at 61% of revenue.
Gross margin was 31.8%, down 1.1 points from a year earlier. Operating profit was $39.8M, a 9.3% margin (down 0.1 points year over year). Operating expenses fell 8% while revenue fell 4%. Net earnings were $29.6M, down 3% year over year. The effective tax rate was 26.8%.
Operating cash flow was $46.3M (down 30% year over year), 156% of net earnings. Non-cash charges added back $18.2M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $2.9M. Capital expenditures of $17.2M left free cash flow of $29.1M.
Questions
What was J&J Snack Foods' revenue in the fourth quarter fiscal 2024?
J&J Snack Foods (JJSF) reported revenue of $427M for the fourth quarter fiscal 2024 (Q4 FY24), -4% from a year earlier and -3% from the quarter before.
Was J&J Snack Foods profitable in the fourth quarter fiscal 2024?
Operating profit was $39.8M (9.3% of revenue) and net earnings $29.6M.
Source: J&J Snack Foods 10-K on SEC EDGAR.