PENNSAUKEN, N.J. - J&J Snack Foods has a lot of irons in the fire that are "beginning to smoke," Gerald Shreiber, founder, chairman, president and chief executive officer of J&J Snack Foods, told analysts during a Nov. 6 conference call.
Gerald Shreiber, J&J Snack Foods
Gerald Shreiber, founder, chairman, president and c.e.o. of J&J Snack Foods
"Sales of soft pretzels in food service weakened as the year progressed," Mr. Shreiber
"Sales to convenience stores continued to be strong during the quarter, but sales to schools and restaurant chains were down significantly from a year ago.
Frozen juices and ices in food service were up slightly, due entirely to sales of Wholefruit frozen organic juice tubes to one customer.
In-house sales in food service continued to decline, down 3% in the quarter and 10% for the year.
Churro sales continue to be very strong, aided by sales of Oreo Churros, which were introduced about a year ago."
said Oreo Churros recently were approved to enter the retail market as well.
"Sales of soft pretzels in our retail supermarket segment were relatively flat on a volume basis for the year, but down 2% for the quarter, although our (core) SuperPretzel product sales were relatively strong in the quarter, offset by declines in two newer items, our SuperPretzel Bavarian pretzel bread and SuperPretzel dog products," Mr. Shreiber
With the recent proliferation of protein-heavy products, Mr. Shreiber
was asked why the business has struggled.
"When we bought it, it was already spiraling down in sales," he