05:24 PM EST, 02/03/2025 (MT Newswires) -- (Updates with share repurchase authorization in the fifth paragraph.)

J&J Snack Foods ( JJSF ) reported fiscal Q1 adjusted earnings late Monday of $0.33 per diluted share, down from $0.52 a year earlier.

Analysts polled by FactSet expected $0.59.

Net sales in the three months ended Dec. 28 rose to $362.6 million from $348.3 million a year earlier.

Analysts surveyed by FactSet expected $360.9 million.

The company said its board approved a new $50 million share repurchase authorization that will be effective for two years.

The company's shares fell 5% in recent after-hours trading.