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Investing.com -- Between winding down some legacy operations, executing major cost-cutting initiatives and navigating skyrocketing freight and fuel costs, J&J Snack Foods is going through something of a transition year.
Still, despite posting a drop in Q3 sales, the company managed to both grow its gross profit and expand gross margins.
Investing.com had a chance to catch up with Dan Fachner, J&J's CEO, to better understand the biggest tailwinds, key challenges, and where things are headed next.
J&J Snack Foods' Q3 sales dropped 6.2% from a year earlier to $426 million. Yet gross profit still increased by about $1 million to $151 million, while gross margin expanded a whopping 240 basis points to 35.5%, despite higher material, fuel and freight costs.