J & J Snack Foods Corp.
JJSF Consumer Defensive Packaged Foods
J & J Snack Foods Corp.’s revenue for fiscal 2025 (year ended September 2025) was $1.6 billion, up 0.54% from fiscal 2024. In the quarter to June 2026, revenue fell 6.24%, EPS fell 16.7%, free cash flow grew 4.83% and total debt rose 1,800.2%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five; insiders bought in the last twelve months.
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J & J Snack Foods Corp. (JJSF) Altman Z-score
J & J Snack Foods Corp.'s Altman Z-score for fiscal 2025 is 5.17, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 5.17 | (2.28) |
| FY2024 | 7.44 | (0.35) |
| FY2023 | 7.80 | 1.13 |
| FY2022 | 6.67 | (2.29) |
| FY2021 | 8.96 | 0.51 |
| FY2020 | 8.45 | (6.32) |
| FY2019 | 14.77 | 1.91 |
| FY2018 | 12.86 | 1.74 |
| FY2017 | 11.12 | (0.84) |
| FY2016 | 11.96 | (0.44) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.22 | — | 0.26 | |
| Retained earnings / total assets | 0.61 | — | 0.85 | |
| EBIT / total assets | 0.06 | — | 0.20 | |
| Market value of equity / total liabilities | 4.51 | — | 2.71 | |
| Sales / total assets | 1.15 | — | 1.15 | |
| Altman Z-score | Safe zone | 5.17 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 6.28 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| BRBR BellRing Brands Inc. compare | 6.6× |
| JJSF J & J Snack Foods Corp. | 5.2× |
| SENEA Seneca Foods Corp. compare | 4.6× |
| CENT Central Garden & Pet Company compare | 2.6× |
| CENTA Central Garden & Pet Company compare | 2.5× |
| HLF Herbalife Ltd compare | 2.4× |
| FLO Flowers Foods, Inc. compare | 2.1× |
| NOMD Nomad Foods Limited compare | 1.2× |
| UTZ Utz Brands, Inc. compare | 0.8× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets