Record Sales and Earnings Reported by J & J Snack Foods: EPS of $0.88

J & J Snack Foods Corp. JJSF today reported record sales and earnings for its 2010 fiscal year. Sales for the fiscal year ended September 25, 2010 increased 7% to $696.7 million from $653.0 million in the fiscal year ended September 26, 2009. Net earnings increased 17% to $48.4 million in fiscal 2010 from $41.3 million in fiscal 2009. On a per diluted share basis, earnings increased 17% to $2.59 from $2.21. Operating income increased 15% to $77.2 million this year from $66.9 million in the year ago period. For the fourth quarter ended September 25, 2010, sales increased 10% to $200.5 million from $182.8 million in the fourth quarter ended September 26, 2009. Net earnings increased 11% to $16.5 million in the current year quarter from $14.8 million. Earnings per diluted share were $.88 this year compared to $.79 last year. Operating income increased 4% to $24.8 million from $23.8 million in the year ago period.