What drove JJSF's earnings surprise in Q2?

J & J Snack Foods (JJSF) experienced an earnings surprise in Q2 with a EPS of -$0.26, which was a significant miss compared to the diluted EPS of $0.26 in the previous quarter. The factors contributing to this decline are as follows:

1. **Less Favorable Product Mix and Input Cost Inflation**: The company's performance was impacted by a less favorable product mix and input cost inflation. Despite pricing actions that partially offset these costs, the unfavorable mix and inflationary pressures had a significant effect on the company's profitability.
2. **Foreign Exchange Impacts**: The company also faced challenges from foreign exchange impacts, which contributed to the decline in earnings. These impacts are likely to have affected the company's international operations and profitability.

In conclusion, JJSF's earnings surprise in Q2 was driven by a combination of factors including a less favorable product mix, input cost inflation, and foreign exchange impacts. These challenges impacted the company's profitability, resulting in a significant decline in earnings compared to the previous quarter.

|code|Ticker|Name|Date|Estimate EPS|EPS Surprise|market_code|
|---|---|---|---|---|---|---|
|JJSF|JJSF.O|J & J Snack Foods|2024 Q2|0.62|0.22|185|
|JJSF|JJSF.O|J & J Snack Foods|2024 Q3|2.06|-0.08|185|
|JJSF|JJSF.O|J & J Snack Foods|2024 Q4|1.84|-0.24|185|
|JJSF|JJSF.O|J & J Snack Foods|2025 Q1|0.59|-0.26|185|