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Article: J & J Snack Foods Announces Increase in Fourth Quarter Earnings.
- Article from:
- Business Wire
- Article date:
- November 5, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PENNSAUKEN, N.J. -- J & J Snack Foods Corp. (NASDAQ:JJSF) today reported record sales and higher earnings for its fourth quarter but lower earnings for its full 2008 fiscal year.
Sales for the fiscal year ended September 27, 2008 increased 11% to $629.4 million from $568.9 million in the fiscal year ended September 29, 2007. Net earnings decreased 13% to $27.9 million in fiscal 2008 from $32.1 million in fiscal 2007. On a per diluted share basis, earnings decreased 13% to $1.47 from $1.69. Operating income decreased 11% to $43.3 million this year from $48.6 million in the year ago period.
For the fourth quarter ended September 27, 2008, sales increased ...
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