J&J Snack Foods Corp. (JJSF: Quote) Monday reported first-quarter net income of $10 million or $0.54 per share, compared with $5.5 million or $0.29 per share last year.
Sales for the quarter increased 11% to $191.4 million from $172.7 million last year.
Analysts on consensus estimated earnings of $0.44 per share on revenues of $184.50 million for the quarter.
CEO Gerald Shreiber said, “Our foodservice and frozen beverage businesses performed well and helped establish record sales and earnings for the quarter.”
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by RTT Staff Writer
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