J&J Snack Foods Earnings Surge, Stock Jumps

J&J Snack Foods shares surged by six percent following their Q4 earnings report, which showed adjusted earnings of $1.58 per share, surpassing analyst predictions of $1.24. Despite a four percent year-over-year sales drop and reduced net income, the companys stronger-than-expected gross margin of 31.7 percent drove the positive news. Benchmark analysts maintained a Buy rating but lowered their price target to $130, reflecting a cautious optimism. The significant share price increase indicates investors close attention to these results, as the stock has been down over forty-two percent since the start of the year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.