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J & J Snack Foods Says Expects Results Of Operations To Be Impacted By Closings And Anticipated Lower Attendance Of Many Venues And Locations At Which Its Products Are Sold

J & J Snack Foods Corp. (NASDAQ-JJSF)  announced today that it expects its results of operations to be impacted by the closings and anticipated lower attendance and traffic at many of the venues and locations

Benzinga · 03/12/2020 20:47

J & J Snack Foods Corp. (NASDAQ-JJSF)  announced today that it expects its results of operations to be impacted by the closings and anticipated lower attendance and traffic at many of the venues and locations where its products are sold such as schools, stadiums and arenas , movie theaters , amusement parks and restaurants and by a general slowdown in activity throughout the United States resulting from the effects of the coronavirus (COVID-19).   The Company said that it is unable to estimate what the impact may be although it said the impact may be material. The Company stated that its sales at the venues and locations mentioned above is approximately $350 - 400 million annually.