Revenue growth has decelerated into a 3.2% contraction as of 2026Q2, with net income margins plummeting to 0.5% due to inefficient scaling of operational overhead.
| Metric | TTM | Sep'25 | Sep'24 | Sep'23 | Sep'22 | Sep'21 | Sep'20 | Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 | Sep'08 | Sep'07 | Sep'06 | Sep'05 | Sep'04 | Sep'03 | Sep'02 | Sep'01 | Sep'00 | Sep'99 | Sep'98 | Sep'97 | Sep'96 |
|---|
| Sales/Revenue | 1.55B | 1.58B | 1.57B | 1.56B | 1.38B | 1.14B | 1.02B | 1.19B | 1.14B | 1.08B | 992.78M | 976.26M | 919.45M | 867.68M | 830.8M | 744.07M | 696.7M | 653.05M | 629.36M | 568.9M | 514.83M | 457.11M | 416.59M | 364.57M | 353.19M | 351.7M | 321.11M | 288.4M | 262.4M | 220.3M | 186M |
| Revenue Growth % | -2.04% | 0.54% | 1.02% | 12.9% | 20.63% | 11.99% | -13.86% | 4.24% | 4.98% | 9.21% | 1.69% | 6.18% | 5.97% | 4.44% | 11.66% | 6.8% | 6.69% | 3.76% | 10.63% | 10.5% | 12.63% | 9.73% | 14.27% | 3.22% | 0.42% | 9.52% | 11.34% | 9.91% | 19.11% | 18.44% | 0.32% |
| Cost of Goods Sold | 1.08B | 1.11B | 1.09B | 1.09B | 1.01B | 845.65M | 783.61M | 836.09M | 801.98M | 753.2M | 688.31M | 675.37M | 631.87M | 604.38M | 580.61M | 514.3M | 468.92M | 444.2M | 442.45M | 382.37M | 342.41M | 302.06M | 276.38M | 239.72M | 233.73M | 178.39M | 126.75M | 110.3M | 104.4M | 94.7M | 78M |
| COGS % of Revenue | - | 70.32% | 69.13% | 69.86% | 73.23% | 73.88% | 76.67% | 70.47% | 70.46% | 69.47% | 69.33% | 69.18% | 68.72% | 69.65% | 69.89% | 69.12% | 67.31% | 68.02% | 70.3% | 67.21% | 66.51% | 66.08% | 66.34% | 65.76% | 66.18% | 50.72% | 39.47% | 38.25% | 39.79% | 42.99% | 41.94% |
| Gross Profit | 474.18M | 469.88M | 486.13M | 469.87M | 369.64M | 298.93M | 238.43M | 350.4M | 336.29M | 331.02M | 304.47M | 300.89M | 287.58M | 263.3M | 250.19M | 229.77M | 227.78M | 208.84M | 186.91M | 186.53M | 172.42M | 155.05M | 140.21M | 124.84M | 119.46M | 173.31M | 194.37M | 178.1M | 158M | 125.6M | 108M |
| Gross Margin % | 30.53% | 29.68% | 30.87% | 30.14% | 26.77% | 26.12% | 23.33% | 29.53% | 29.54% | 30.53% | 30.67% | 30.82% | 31.28% | 30.35% | 30.11% | 30.88% | 32.69% | 31.98% | 29.7% | 32.79% | 33.49% | 33.92% | 33.66% | 34.24% | 33.82% | 49.28% | 60.53% | 61.75% | 60.21% | 57.01% | 58.06% |
| Gross Profit Growth % | - | -3.34% | 3.46% | 27.11% | 23.66% | 25.38% | -31.96% | 4.2% | 1.59% | 8.72% | 1.19% | 4.63% | 9.22% | 5.24% | 8.88% | 0.88% | 9.07% | 11.74% | 0.2% | 8.18% | 11.2% | 10.58% | 12.31% | 4.51% | -31.07% | -10.83% | 9.13% | 12.72% | 25.8% | 16.3% | 0.19% |
| Operating Expenses | 394.37M | 385.56M | 368.58M | 360.35M | 307.84M | 227.71M | 221.23M | 233.44M | 225.51M | 212.92M | 191.66M | 190M | 180.73M | 165.9M | 165.22M | 153.19M | 150.62M | 141.91M | 143.57M | 137.95M | 127.36M | 114.8M | 105.02M | 94M | 91.19M | 152.76M | 175.55M | 153.3M | 137.5M | 114.1M | 100.1M |
| OpEx % of Revenue | - | 24.35% | 23.41% | 23.12% | 22.3% | 19.89% | 21.65% | 19.68% | 19.81% | 19.64% | 19.31% | 19.46% | 19.66% | 19.12% | 19.89% | 20.59% | 21.62% | 21.73% | 22.81% | 24.25% | 24.74% | 25.11% | 25.21% | 25.78% | 25.82% | 43.44% | 54.67% | 53.16% | 52.4% | 51.79% | 53.82% |
| Selling, General & Admin | 311.18M | 369.7M | 369.18M | 358.49M | 306.46M | 226.76M | 214.48M | 232.04M | 225.51M | 212.92M | 191.66M | 190M | 180.73M | 165.9M | 165.22M | 152.67M | 150.62M | 141.91M | 143.95M | 139.34M | 126.16M | 114.8M | 105.02M | 94M | 91.21M | 150.06M | 145.17M | 125.6M | 112.3M | 94.8M | 83.2M |
| SG&A % of Revenue | - | 23.35% | 23.44% | 23% | 22.2% | 19.81% | 20.99% | 19.56% | 19.81% | 19.64% | 19.31% | 19.46% | 19.66% | 19.12% | 19.89% | 20.52% | 21.62% | 21.73% | 22.87% | 24.49% | 24.51% | 25.11% | 25.21% | 25.78% | 25.82% | 42.67% | 45.21% | 43.55% | 42.8% | 43.03% | 44.73% |
| Research & Development | 1.4M | 0 | 1.2M | 1.2M | 0 | 619K | 0 | 645K | 623K | 674K | 525K | 506K | 499K | 478K | 501K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | 0.08% | 0.08% | - | 0.05% | - | 0.05% | 0.05% | 0.06% | 0.05% | 0.05% | 0.05% | 0.06% | 0.06% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 15.86M | -1.8M | 660K | 1.38M | 334K | 6.75M | 1.41M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 524K | 0 | -5K | -375K | -1.39M | 1.19M | 0 | 0 | 0 | -19K | 2.71M | 30.38M | 27.7M | 25.2M | 19.3M | 16.9M |
| Operating Income | 84.57M | 84.33M | 117.55M | 109.52M | 61.8M | 71.22M | 17.19M | 116.96M | 110.78M | 118.11M | 112.81M | 110.89M | 106.85M | 97.4M | 84.97M | 76.58M | 77.16M | 66.94M | 43.34M | 48.58M | 45.06M | 40.25M | 35.19M | 30.85M | 28.27M | 20.55M | 18.81M | 24.8M | 20.5M | 11.5M | 7.9M |
| Operating Margin % | 5.45% | 5.33% | 7.46% | 7.03% | 4.48% | 6.22% | 1.68% | 9.86% | 9.73% | 10.89% | 11.36% | 11.36% | 11.62% | 11.23% | 10.23% | 10.29% | 11.08% | 10.25% | 6.89% | 8.54% | 8.75% | 8.81% | 8.45% | 8.46% | 8% | 5.84% | 5.86% | 8.6% | 7.81% | 5.22% | 4.25% |
| Operating Income Growth % | - | -28.26% | 7.33% | 77.22% | -13.23% | 314.2% | -85.3% | 5.58% | -6.21% | 4.7% | 1.73% | 3.78% | 9.7% | 14.64% | 10.95% | -0.75% | 15.27% | 54.46% | -10.79% | 7.8% | 11.96% | 14.37% | 14.09% | 9.13% | 37.55% | 9.23% | -24.15% | 20.98% | 78.26% | 45.57% | 11.27% |
| EBITDA | 159.95M | 157.66M | 188.15M | 172.66M | 114.92M | 120.61M | 70.24M | 165.5M | 157.22M | 160.16M | 152.42M | 149.16M | 143.94M | 130.96M | 115.9M | 106.82M | 107.01M | 94.69M | 70.81M | 75.59M | 69.67M | 64.51M | 59.26M | 55.81M | 59.25M | 54.06M | 49.19M | 52.5M | 45.7M | 30.8M | 24.8M |
| EBITDA Margin % | 10.3% | 9.96% | 11.95% | 11.08% | 8.32% | 10.54% | 6.87% | 13.95% | 13.81% | 14.77% | 15.35% | 15.28% | 15.66% | 15.09% | 13.95% | 14.36% | 15.36% | 14.5% | 11.25% | 13.29% | 13.53% | 14.11% | 14.23% | 15.31% | 16.78% | 15.37% | 15.32% | 18.2% | 17.42% | 13.98% | 13.33% |
| EBITDA Growth % | -8.15% | -16.2% | 8.97% | 50.24% | -4.72% | 71.7% | -57.56% | 5.26% | -1.83% | 5.07% | 2.19% | 3.63% | 9.92% | 12.99% | 8.51% | -0.18% | 13.01% | 33.73% | -6.33% | 8.49% | 8% | 8.86% | 6.18% | -5.81% | 9.59% | 9.9% | -6.3% | 14.88% | 48.38% | 24.19% | 6.9% |
| D&A (Non-Cash Add-back) | 75.38M | 73.33M | 70.6M | 63.14M | 53.12M | 49.39M | 53.05M | 48.55M | 46.45M | 42.05M | 39.61M | 38.27M | 37.09M | 33.55M | 30.94M | 30.23M | 29.85M | 27.75M | 27.47M | 27.01M | 24.61M | 24.26M | 24.07M | 24.96M | 30.99M | 33.52M | 30.38M | 27.7M | 25.2M | 19.3M | 16.9M |
| EBIT | 81.84M | 87.92M | 120.77M | 111.2M | 62.78M | 74.03M | 21.55M | 116.96M | 110.78M | 123.4M | 116.94M | 110.89M | 111.32M | 97.4M | 86.36M | 84.2M | 78.28M | 68.32M | 43.34M | 48.58M | 45.06M | 40.25M | 35.19M | 30.85M | 28.27M | 20.55M | 18.81M | 24.96M | 20.49M | 11.5M | 7.9M |
| Net Interest Income | 529K | -1.49M | -1.83M | -4.75M | -1.02M | -7K | -84K | 1.88M | 1.11M | -1.2M | -123K | -126K | -115K | -106K | -73K | -138K | -179K | -115K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 2.17M | 0 | 0 | 0 | 0 | 0 | 0 | 1.88M | 1.11M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1.64M | 1.49M | 1.83M | 4.75M | 1.02M | 7K | 84K | 0 | 0 | 1.2M | 123K | 126K | 115K | 106K | 73K | 138K | 179K | 115K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 805K | 3.22M | 1.2M | 200K | 0 | 0 |
| Other Income/Expense | -3.54M | 2.1M | 1.4M | -2M | -45K | 2.81M | 4.27M | 9.62M | 7.38M | 4.09M | 4.01M | 1.03M | 4.36M | 3.39M | 1.32M | 7.48M | 935K | 1.27M | 2.55M | 2.58M | 3.01M | 1.55M | 453K | 249K | -253K | -1.99M | -2.99M | -2.32M | -1.59M | 500K | 1.1M |
| Pretax Income | 76.28M | 86.43M | 118.95M | 107.51M | 61.75M | 74.03M | 21.47M | 126.58M | 118.15M | 122.2M | 116.82M | 111.92M | 111.21M | 100.79M | 86.29M | 84.07M | 78.1M | 68.21M | 45.88M | 51.16M | 48.07M | 41.8M | 35.65M | 31.1M | 28.01M | 18.55M | 15.82M | 22.7M | 18.9M | 12M | 9M |
| Pretax Margin % | 4.91% | 5.46% | 7.55% | 6.9% | 4.47% | 6.47% | 2.1% | 10.67% | 10.38% | 11.27% | 11.77% | 11.46% | 12.09% | 11.62% | 10.39% | 11.3% | 11.21% | 10.44% | 7.29% | 8.99% | 9.34% | 9.14% | 8.56% | 8.53% | 7.93% | 5.28% | 4.93% | 7.87% | 7.2% | 5.45% | 4.84% |
| Income Tax | 18.09M | 20.83M | 32.4M | 28.61M | 14.52M | 18.42M | 3.16M | 31.76M | 14.56M | 43.03M | 40.84M | 41.74M | 39.39M | 36.41M | 32.17M | 29M | 29.69M | 26.9M | 17.98M | 19.05M | 18.62M | 15.76M | 12.94M | 11.19M | 9.9M | 6.68M | 5.86M | 8.4M | 7M | 3.8M | 3.2M |
| Effective Tax Rate % | 23.72% | 24.11% | 27.24% | 26.61% | 23.51% | 24.88% | 14.73% | 25.09% | 12.32% | 35.21% | 34.96% | 37.29% | 35.42% | 36.12% | 37.28% | 34.5% | 38.01% | 39.43% | 39.18% | 37.23% | 38.74% | 37.7% | 36.29% | 36% | 35.34% | 36% | 37% | 37% | 37.04% | 31.67% | 35.56% |
| Net Income | 58.19M | 65.59M | 86.55M | 78.91M | 47.23M | 55.61M | 18.3M | 94.82M | 103.6M | 79.17M | 75.97M | 70.18M | 71.81M | 64.38M | 54.12M | 55.06M | 48.41M | 41.31M | 27.91M | 32.11M | 29.45M | 26.04M | 22.71M | 19.9M | 18.11M | 11.88M | 9.97M | 14.3M | 11.9M | 8.2M | 5.8M |
| Net Margin % | 3.75% | 4.14% | 5.5% | 5.06% | 3.42% | 4.86% | 1.79% | 7.99% | 9.1% | 7.3% | 7.65% | 7.19% | 7.81% | 7.42% | 6.51% | 7.4% | 6.95% | 6.33% | 4.43% | 5.64% | 5.72% | 5.7% | 5.45% | 5.46% | 5.13% | 3.38% | 3.1% | 4.96% | 4.54% | 3.72% | 3.12% |
| Net Income Growth % | -23.34% | -24.21% | 9.69% | 67.05% | -15.06% | 203.78% | -80.69% | -8.47% | 30.85% | 4.21% | 8.25% | -2.27% | 11.55% | 18.96% | -1.72% | 13.75% | 17.18% | 48.03% | -13.09% | 9.04% | 13.08% | 14.68% | 14.11% | 9.88% | 52.52% | 19.14% | -30.29% | 20.17% | 45.12% | 41.38% | 0% |
| Net Income (Continuing) | 58.19M | 65.59M | 86.55M | 78.91M | 47.23M | 55.61M | 18.3M | 94.82M | 103.6M | 79.17M | 75.97M | 70.18M | 71.81M | 64.38M | 54.12M | 55.06M | 48.41M | 41.31M | 27.91M | 32.11M | 29.45M | 26.04M | 22.71M | 19.9M | 18.11M | 11.88M | 9.97M | 14.26M | 11.9M | 8.2M | 5.8M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 3.07 | 3.36 | 4.45 | 4.08 | 2.46 | 2.91 | 0.96 | 5.00 | 5.51 | 4.21 | 4.05 | 3.73 | 3.82 | 3.41 | 2.86 | 2.93 | 2.59 | 2.21 | 1.47 | 1.69 | 1.57 | 0.70 | 0.62 | 0.55 | 1.00 | 0.68 | 0.55 | 0.77 | 0.32 | 0.23 | 0.16 |
| EPS Growth % | -23.74% | -24.49% | 9.07% | 65.85% | -15.46% | 203.13% | -80.8% | -9.26% | 30.88% | 3.95% | 8.58% | -2.36% | 12.02% | 19.23% | -2.39% | 13.13% | 17.19% | 50.34% | -13.02% | 7.64% | 124.29% | 12.9% | 12.73% | -45% | 47.06% | 23.64% | -28.57% | 140.63% | 39.13% | 43.75% | -48.39% |
| EPS (Basic) | - | 3.37 | 4.46 | 4.10 | 2.47 | 2.92 | 0.97 | 5.04 | 5.54 | 4.23 | 4.07 | 3.76 | 3.85 | 3.43 | 2.87 | 2.95 | 2.61 | 2.23 | 1.49 | 1.72 | 1.60 | 0.72 | 0.64 | 0.56 | 1.03 | 0.70 | 0.56 | 0.79 | 0.33 | 0.23 | 0.16 |
| Diluted Shares Outstanding | 18.93M | 19.55M | 19.45M | 19.32M | 19.21M | 19.13M | 19.03M | 18.96M | 18.82M | 18.82M | 18.77M | 18.82M | 18.81M | 18.88M | 18.92M | 18.79M | 18.7M | 18.71M | 19.01M | 19M | 18.81M | 18.57M | 18.24M | 18.16M | 18.2M | 17.51M | 18.12M | 18.46M | 18.07M | 17.7M | 17.5M |
| Basic Shares Outstanding | 18.91M | 19.47M | 19.39M | 19.26M | 19.15M | 19.01M | 18.9M | 18.81M | 18.69M | 18.71M | 18.65M | 18.68M | 18.68M | 18.79M | 18.85M | 18.67M | 18.53M | 18.52M | 18.77M | 18.64M | 18.42M | 18.16M | 17.75M | 17.36M | 17.5M | 17M | 17.64M | 18.01M | 18.07M | 17.7M | 17.5M |
| Dividend Payout Ratio | - | 92.62% | 65.81% | 68.28% | 102.54% | 80.54% | 229.73% | 38.65% | 31.92% | 38.98% | 37.54% | 37.27% | 29.14% | 17.81% | 17.64% | 15.51% | 16.01% | 17.21% | 24.3% | 19.07% | 17.9% | 13.06% | - | - | - | - | - | - | - | - | - |
Leisure venue foot traffic
According to recent financial filings, JJSF experienced a 3.2% year-over-year revenue contraction in 2026Q2, reflecting a broader trend of decelerating top-line performance that appears increasingly sensitive to the cyclical nature of its primary leisure-based distribution channels and the timing of school-related snack demand cycles.
The consistent revenue declines observed over the last several quarters suggest that the company is struggling to maintain organic growth momentum outside of peak seasonal windows. Investors should monitor whether this deceleration reflects a structural shift in consumer behavior within high-traffic venues or merely a temporary lull in cinema and theme park attendance.
As reported in quarterly statements, JJSF's gross margin fluctuated between 25.9% and 33.0% over the past ten quarters, indicating that the company's cost structure remains highly susceptible to commodity price volatility and the logistical complexities inherent in maintaining its specialized frozen beverage and snack distribution network.
The inability to sustain gross margins above the 30% threshold in recent periods suggests limited pricing power in the face of rising input costs for flour and sugar. This margin instability warrants further investigation into the company's ability to pass through inflationary pressures to its long-term contract partners in the foodservice segment.
Based on the provided income statement data, operating margins have compressed significantly to 1.9% in 2026Q2, suggesting that the company's fixed cost base for service infrastructure is not scaling efficiently with current revenue levels, thereby limiting the potential for operating leverage during periods of top-line weakness.
The high ratio of SG&A relative to gross profit indicates that the company's specialized field service network for ICEE machines acts as a significant drag on profitability when volume growth stalls. This structure appears to create a high break-even point that leaves the bottom line vulnerable to even minor fluctuations in venue foot traffic.
Analysis of recent income statements reveals that net income margins have plummeted to 0.5% in 2026Q2, a sharp decline that suggests the company's core profitability is currently insufficient to absorb the impact of its ongoing operational expenses and the costs associated with recent strategic acquisitions like Dippin' Dots.
Short-sellers may focus on the stark divergence between the company's historical reputation for stability and the current reality of thinning margins and volatile EPS. The reliance on non-operating items or potential accounting nuances in service revenue recognition may be masking a more fundamental deterioration in the underlying health of the business model.
Quick answers to the most common questions about buying JJSF stock.
For fiscal year 2025, J&J Snack Foods Corp. (JJSF) reported total revenue of $1.58B. This represents a 751.2% increase compared to $186.0M in 1996.
J&J Snack Foods Corp. (JJSF) is profitable, generating $65.6M in net income for the fiscal year ending 2025 with a net profit margin of 4.1%.
J&J Snack Foods Corp. (JJSF) reported an operating income of $84.3M, resulting in an operating profit margin of 5.3%. This margin reflects the operational efficiency of the business before interest and taxes.
J&J Snack Foods Corp. (JJSF) generated $469.9M in gross profit for the year, representing a gross profit margin of 29.7%. This demonstrates the company's core pricing power and production efficiency.