J&J Snack reported a 4% increase in soft pretzel sales in food service for the quarter, reflecting solid sales to convenience stores and schools and flat sales to restaurant chains, said Gerald Shreiber, president and chief executive officer, during a July 28 earnings call.
In previous quarters, the company posted double-digit growth for the business, supported by sales of pretzel sticks and soft pretzel buns and rolls to casual dining restaurants.
Gerald Shreiber, president and c.e.o. of J&J Snack Foods.
"As you well know, our food service soft pretzel business had been growing significantly the last couple of years, as that business was influenced by more soft pretzels on menus everywhere, and... we had a couple of special promotions on our major brands, including SuperPretzel," Mr. Shreiber
"We benefited from the increase of it.
Hopefully... we'll be able to repeat this in the future, but there's obviously no guarantee that we're going to (see) double-digit increases in the grocery end of the business."
The launch of a Bavarian-style pretzel in retail isn't meeting the company's expectations, he
"So, that's even more significant that our major brand, SuperPretzel, in the frozen section has done so well without having a particular headwind from the other bread product," Mr. Shreiber
"All I can tell you is that we continue to seek out and search, and there has been ongoing discussions and some of it for a long time," Mr. Shreiber