J&J Snack Foods Posts Mixed Q1 Results as Strategic Overhaul Begins to Bear Fruit
The snack maker reported a 7% rise in adjusted EBITDA to $27 million, driven by early cost savings from its 'Project Apollo' transformation. While sales dipped 5.2% due to a deliberate shift away from low-margin bakery items, management expressed confidence in achieving low single-digit growth for the full fiscal year.