Description

J&J Snack Unlocks $25 Million In Savings — Project Apollo Gains Momentum!

J&J Snack Foods reported third quarter fiscal 2026 results reflecting ongoing efforts to transform the business amid a challenging cost and sales environment. Net sales decreased 6.2% to $426 million, largely driven by a planned reduction in bakery sales, which accounted for more than half of the decline. The Frozen Beverage segment experienced a 5.8% sales drop primarily from lower service and machine sales, although beverage volume grew 5.9%, supported by theaters and mass merchandising. Retail sales increased 1.7%, bolstered by promotional activities, despite higher slotting fees which elevated costs in this segment. Gross profit improved by approximately $1 million to $151 million, with gross margin expanding 240 basis points to 35.5%, aided by cost savings from the ongoing Project Apollo, which includes plant consolidations and operational improvements. Adjusted EBITDA totaled $67.4 million, down 6.4% year-over-year, mainly due to increased fuel and freight costs which rose about $4.