Posted by: Market Watch in Market Information 1 hour in the past J&J Snack Meals Corp. JJSF shares dropped after the snack meals firm’s
J&J Snack Meals Corp. JJSF shares dropped after the snack meals firm’s quarterly earnings fell in need of Wall Avenue estimates. J&J Snack shares fell 14% after hours, following a 2.5% rise to shut the session at $156.89. The corporate reported first-quarter web revenue of $1.eight million, or 9 cents a share, in contrast with $17.1 million, or 89 cents a share, within the year-ago interval. Income declined to $241 million from $282.9 million within the year-ago quarter. Analysts surveyed by FactSet had forecast 20 cents a share on income of $228.5 million. “Our gross sales stay challenged by the lingering impacts of COVID-19 on each our shoppers and our prospects,” the corporate stated in an announcement. “Site visitors in key meals service venues that comprise 2/three of our gross sales proceed to function at considerably diminished and restricted capability.”Market Pulse Tales are Speedy-fire, quick information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra data on this information.
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