Quality Investor

J&J Snack Foods Corp.

Rank #179Hypergrowth

JJSF · Nasdaq · Consumer Defensive

J&J Snack Foods Corp. (JJSF) — Rank #179 by gross profitability (GP/assets 0.35) · ROE 7.4% · Piotroski F-Score N/A.

As-of 2026-09-15 · CIK 0000785956 · all metrics point-in-time as of the filing date.

About

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack food and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada.

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The company operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, FEDERAL PRETZEL, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the private labels. The company also provides bakery products, such as fig and fruit bars, cookies, breads, rolls, crumbs, muffins, and donuts under the MRS. GOODCOOKIE, READI-BAKE, COUNTRY HOME, CAMDEN CREEK, MARY B'S, DADDY RAY'S and HILL & VALLEY brands, as well as under private labels; and frozen beverages under the ICEE, ARCTIC BLAST, SLUSH PUPPIE and PARROT ICE brands. In addition, it offers funnel cakes under the FUNNEL CAKE FACTORY brand, as well as various other food products; and sells machines and machine parts to other food and beverage companies. The company sells its products through a network of food brokers, independent sales distributors, and a direct sales force. It serves snack bars and food stand locations in chain, department and mass merchandising stores, malls and shopping centers, fast food and casual dining restaurants, stadiums and sports arenas, leisure and theme parks, convenience stores, movie theatres, warehouse club stores, schools, colleges and other institutions, and independent retailers.

The company was incorporated in 1971 and is headquartered in Mount Laurel, New Jersey.

Industry
Packaged Foods
Sector
Consumer Defensive
State
NJ
Filer Category
Large accelerated filer
Fiscal Year End
September 26

Price History

JJSF-42.0% · -10.3% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

$1.51B

P/E (annual)

24.1

P/S (annual)

1.0

P/B

1.7

P/OCF (annual)

9.2

Shareholder Yield

0.9%

Employees

4,600

Industry

Packaged Foods

Exchange

Nasdaq

Signal Flags

3 green1 yellow1 red
Revenue growth acceleratingGrowth rate increasing year over year
Deferred revenue growingRevenue and deferred revenue both growing — retention signal
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 3-quarter streak
Dilution above 2%Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation
Operating margin decliningOperating margin lower than prior year

Quality Profile

Profitability

1/1 pass
GP / assets
0.35
Return on equity
7.4%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.52
Current ratio
2.34×
Net cash
$6.10M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
0.4%

Growth

1/2 pass
Revenue growth
33.5%
Piotroski F-Score
N/A
Share dilution
3.1%

Terry Smith quality gate

Passes 2/5 Terry Smith thresholds

What Growth Is Priced In

Implied revenue growth (10Y)

7.2%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Dilution drag: 3.1% — per-share value needs a total required return of 10.3% once share-count change is priced in.

vs. own 6-year median revenue growth: 4.6%

priced above its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

2.9%

r = 10% (base)

7.2%

r = 12%

10.9%

Net debt / market cap: -0.4%

Base FCF: $82.3M3Y mean FCF: $62.7M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

160.1xExpensive
25.0xmed 30.3x160.1x

P / S

Price / revenue per share

2.9xExpensive
1.9xmed 2.3x3.0x

P / B

Price / book value per share

3.6xFair
3.1xmed 3.7x4.3x

P / GP

Price / gross profit per share

12.3xExpensive
6.1xmed 7.5x12.3x

P / FCF

Price / free cash flow per share

85.2xExpensive
28.8xmed 36.8x85.2x

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.35

Primary signal (Novy-Marx).

3rd of 18 SIC 20 peers

Return on equity

7.4%

Gross margin

29.7%

9th of 18 SIC 20 peers

Revenue growth (YoY)

33.5%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2017201820192020
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

Revenue CAGR (5Y)

Earnings CAGR (3Y)

11.6%

FCF CAGR (3Y)

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.52

6th of 18 SIC 20 peers (best = lowest)

Current ratio

2.34×

14th of 18 SIC 20 peers

Quick ratio

1.39×

Net cash

$6.10M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$82.25M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

0.25

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.4%

Stock-based comp intensity.

Dividend safety

Composite score

3.0 / 5

Good
Payout ratio
92.6%1/5 Weak
FCF coverage
1.35×2/5 Fair
Dividend growth streak
10 yr5/5 Strong
Balance-sheet health
D/E 0.52 · IC 56.48×4/5 Strong

Piotroski F-Score

F-Score

N/A

Only 8/9 components determinable.

Lifecycle Phase History

20152020
Capital Return
Value
Decline