J&J Snack Foods Corp. (NASDAQ:JJSF) Q2 2024 Earnings Call Transcript

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Robert Dickerson: And then I guess just a follow-up question kind of around the demand landscape. You are entering or let’s say almost entered kind of what we normally consider your best part of the year. Some of the amusement parks have already opened. It seems like movie traffic maybe is a little bit still light. So I kind of like where we sit today, I guess, like, as you got through April. I’ve been asked the same question every year this time of year. Like, would you say that kind of demand that landscape, as you kind of think for the next few months with respect to amusement parks and the other seasonal dynamics in the business seems to be fairly sound like pretty good?

Dan Fachner: I think we’re positioned really well. Of course, you get into these six months and weather plays a big part in it. So, if the weather gods can shine on us and I mean that shine on us, have that sun out there and keep people to the parks, the amusement park industry is forecasting a pretty good season. The movie industry, we hadn’t talked about a little bit, it has been soft and that strike did affect the movie industry and they’re expecting kind of a softer year overall, down 15% or so. But it builds as you get to the latter half of the year as new movies start to be released. We’re kind of in that lull time right now, but we expect that to come back more in the fourth quarter or first quarter of our fiscal 2025.

But we’re investing in that group. We’re investing in the movie industry because we saw before the strike when you have the right movies in place, people are willing to come back out to the movies like the Barbenheimer effect last year. And so, we’re seeing some good growth there with our Dippin’ Dots brand. But I think we’re in good position as we go into the core summer months.

Operator: Thank you. I am showing no further questions at this time. I will now turn it over to Dan Fachner for closing remarks.

Dan Fachner: Great. Thank you very much. I appreciate that and I appreciate everybody’s questions today. So looking ahead, we remain focused on executing our strategy, including maximizing every sale and new business opportunity to further grow our core brands, while investing in our capabilities and resources to improve our overall operations. While we are closely monitoring consumer and inflationary trends, we expect to build momentum through the second half of fiscal ’24 and remain excited about the many opportunities ahead of us to deliver long-term value to our employees, partners, and shareholders. In the interim, should you have any questions or wish to speak to us, please contact our Investor Relations firm, JCIR, at 212-835-8500. Thank you very much.

Operator: Thank you for your participation in today’s conference. This does conclude the program. You may now disconnect.

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