How did JJSF's revenue and expenses shift in Q1 2025 compared to previous quarters?

J & J Snack Foods Corp (JJSF) experienced a decline in revenue and earnings in Q1 2025 compared to the previous quarter, Q1 2024: 1. **Revenue Shift**: - JJSF's revenue in Q1 2025 was $356.10 million, which is a 1% decrease from the same quarter in the previous year ($367.04 million). - This decline in revenue was below market expectations, which forecasted $361.67 million. 2. **Expense Shift**: - The company's gross profit decreased to $93.901 million in Q1 2025, down from the previous quarter's gross profit of $426.76 million. This indicates a significant challenge in maintaining profitability. - Operating income also decreased by 35.6% to $6.239 million compared to the previous year. 3. **Earnings Shift**: - JJSF reported an EPS of 35 cents per share in Q1 2025, which is significantly lower than the EPS of 84 cents in the same quarter of the previous year. - Net income fell by 29.4% to $4.82 million in Q1 2025, compared to the previous year's net income. 4. **Market Challenges**: The decline in revenue and earnings can be attributed to a challenging sales mix, inflationary pressures, and foreign exchange impacts. Despite these challenges, the company reported a 4.1% increase in net sales, reaching $362.6 million. In conclusion, JJSF faced a tough quarter in Q1 2025 with declining revenue and earnings compared to the previous quarter. The company's gross profit and operating income saw significant decreases, primarily due to inflationary pressures and a less favorable sales mix. However, the company remains optimistic about growth opportunities for the fiscal year 2025 and has approved a new $50 million stock repurchase program, indicating confidence in its long-term value.