Dive Brief:
- In the second fiscal quarter 2015, J & J Snack Foods Corp. saw an approximately 10% increase in sales year over year at $225 million, which beat analysts' estimates.
- The company also reported an 8% increase in net earnings to $14.6 million, which beat Wall Street predictions as well.
- For the first two fiscal quarters in 2015, sales increased by 7% over the first six months' sales in fiscal year 2014.
Dive Insight:
According to Gerald B. Shreiber, J & J's president and CEO, the boosts in sales and earnings this quarter were due to successes by the ICEE brand.
"Although the sales increase in our food service segment was satisfactory, we are disappointed with the decrease in operating income in this part of our business," Shreiber added.