Profits decline at major US snack foods makerThis article was originally published in Foodnews
J&J SNACK Foods has recorded a decline in profits, hurt by higher input costs and operating expenses. The US food and beverage manufacturer saw profits drop 4% to USD8.7 million in the second quarter, compared with USD9 million in the year-ago period. However, sales rose 3% to USD163 million during the period. Chief executive, Gerald Shreiber, explained that while overall sales grew modestly, "higher input costs and operating expenses impacted our profitability for the period and the six months."