JJSF FY 2022 Earnings Report — J&J Snack Foods Corp. Revenue & Financial Results | Market Cap Arena

J&J Snack Foods Corp.JJSF

FY 2022 Earnings

Reported November 22, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.1B	—	20.6%
Op. Income	$62M	—	$71M	—	-13.2%
Gross Margin	26.8%	—	26.1%	—	0.7pp
Net Margin	3.4%	—	4.9%	—	-1.4pp
EPS (Diluted)	$2.46	—	$2.91	—	-15.5%
Free Cash Flow	-$61M	—	$48M	—	-227.8%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.0B
GROSS PROFIT	$370M
R&D Expenses	$0
Selling & Marketing	$251M
General & Administrative	$55M
SG&A Expenses	$306M
Other Expenses	$1M
Operating Expenses	$308M
Cost & Expenses	$1.3B
OPERATING INCOME	$62M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	-$45.0K
INCOME BEFORE TAX	$62M
Income Tax Expense	$15M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$53M
EBIT	$63M
EBITDA	$116M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.0B
GROSS PROFIT	$370M
R&D Expenses	$0
Selling & Marketing	$251M
General & Administrative	$55M
SG&A Expenses	$306M
Other Expenses	$1M
Operating Expenses	$308M
Cost & Expenses	$1.3B
OPERATING INCOME	$62M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	-$45.0K
INCOME BEFORE TAX	$62M
Income Tax Expense	$15M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$53M
EBIT	$63M
EBITDA	$116M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$47M
Depreciation & Amortization	$53M
Stock-Based Compensation	$4M
Deferred Income Tax	$9M
Other Non-Cash Items	$1M
Change in Working Capital	-$89M
OPERATING CASH FLOW	$26M
Capital Expenditure	-$87M
Acquisitions (Net)	-$221M
Purchases of Investments	$0
Sales/Maturities of Investments	$12M
Other Investing Activities	$399.0K
NET CASH FROM INVESTING	-$296M
Net Debt Issuance	$55M
Common Stock Repurchased	$0
Common Dividends Paid	-$48M
Other Financing Activities	-$225.0K
NET CASH FROM FINANCING	$22M
FREE CASH FLOW	-$61M
Net Change in Cash	-$248M

Balance Sheet

Item	Amount
Cash & Equivalents	$35M
Short-Term Investments	$4M
Net Receivables	$208M
Inventory	$180M
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$445M
PP&E (Net)	$387M
Goodwill	$184M
Intangible Assets	$192M
Long-Term Investments	$6M
Tax Assets	$27M
Other Non-Current Assets	$4M
TOTAL NON-CURRENT ASSETS	$800M
TOTAL ASSETS	$1.2B
Account Payables	$108M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$22M
TOTAL CURRENT LIABILITIES	$182M
Long-Term Debt	$55M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$98M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$199M
TOTAL LIABILITIES	$381M
Common Stock	$94M
Additional Paid-In Capital	$0
Retained Earnings	$783M
Treasury Stock	$0
Accum. Other Comp. Income	-$14M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$863M
Minority Interest	$0
TOTAL EQUITY	$863M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$112M
Net Debt	$76M