1 No-Brainer Food Stock That Keeps Breaking Records, Despite the Bear Market
As producer of the SuperPretzel, ICEE, and now Dippin' Dots, J&J Snack Foods (NASDAQ: JJSF) just posted its fourth consecutive quarter of record revenue. Closing out fiscal 2022, the snack company reported its best ever quarterly revenue, totaling more than $400 million.
So is it time to buy J&J Snack Foods stock? Let's take a closer look at last quarter's performance and the company's future outlook.
Net sales for J&J reached a record-breaking $400.4 million in the fourth fiscal quarter, up 24% year over year and 28% above Q4 2019 levels. The new quarterly revenue record marks the fourth straight quarter of new revenue records for J&J. It's been a solid sales year for the snack dynasty.
Source Fool.com
