By Nicholas G. Miller
J&J Snack Foods reported lower fiscal fourth-quarter profit as it incurred charges related to its closure of some manufacturing plants.
The company behind Dippin' Dots and Luigi's Real Italian Ice on Monday reported quarterly net income of $11.4 million, or 58 cents a share, down from $29.6 million, or $1.52 a share, the year prior.
Adjusted earnings were $1.58 a share. Analysts expected $1.24, according to FactSet.
Net sales fell 3.9% to $410.2 million. Wall Street expected $413 million.
In August, the Mount Laurel, N.J., company said it would close some of its manufacturing plants as part of an effort to optimize its footprint. The company said Monday the plant consolidation resulted in approximately $24 million of nonrecurring charges in the fourth quarter.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
November 17, 2025 08:16 ET (13:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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