J&J Snack Foods Corp

All statements regarding the Company s expected future financial position, results of operations, revenue growth and profit levels, cash flows, business strategy, budgets, projected costs, capital expenditures, products, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as anticipate, if, believe, plan, goals, estimate, expect, intend, may, could, should, will, and other similar expressions are forward-looking statements.

SEC original ↗J&J Snack Foods Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Note 8 Long-Term Debt In December 2021, the Company entered into an amended and restated loan agreement (as amended, the Credit Agreement ) with our existing banks which provided for up to a $ 50 million revolving credit facility repayable in December 2026.

SEC original ↗J&J Snack Foods Corp — 10-Q Quarterly report10-QAug 6, 2026

1 ) which provided for an incremental increase of $ 175 million in available borrowings under the revolving credit facility.

SEC original ↗J&J Snack Foods Corp — 10-Q Quarterly report10-QAug 6, 2026

1 also included an option to increase the size of the revolving credit facility by up to an amount not to exceed in the aggregate the greater of $ 225 million or $ 50 million plus the Consolidated EBITDA (as defined in the Credit Agreement) of the Borrowers (as defined in the Credit Agreement), subject to the satisfaction of certain terms and conditions.

SEC original ↗J&J Snack Foods Corp — 10-Q Quarterly report10-QAug 6, 2026

2 maintained the existing $ 225 million revolving credit facility capacity, extended the maturity date of the revolving credit facility established under the Credit Agreement to June 2031, and revised the pricing grid used to determine the Applicable Margin (as defined in the Credit Agreement).

SEC original ↗J&J Snack Foods Corp — 10-Q Quarterly report10-QAug 6, 2026

2 also included an option to increase the size of the revolving credit facility by up to an amount not to exceed the greater of $ 200 million or the Consolidated EBITDA of the Borrowers, subject to the satisfaction of certain terms and conditions.

SEC original ↗J&J Snack Foods Corp — 10-Q Quarterly report10-QAug 6, 2026

These results reflect the resilience of our business, the strength of our diversified portfolio, the continued appeal of our brands, and our team s relentless focus on disciplined execution in the face of a cautious consumer environment and weather-related headwinds.

SEC original ↗J&J Snack Foods Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Sequential margin expansion was supported by a seasonal mix shift toward our higher-margin products, as well as recent pricing initiatives designed to offset persistent input cost inflation.

SEC original ↗J&J Snack Foods Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Looking ahead to fiscal 2026, we remain focused on execution and innovation, with several key product launches and customer pilots underway across pretzels, churros and frozen beverages.

SEC original ↗J&J Snack Foods Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Distribution cost improvements were driven by our exit from third-party logistics facilities, lower outbound freight costs from freight optimization initiatives, and lower fuel expenses.

SEC original ↗J&J Snack Foods Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

All statements regarding the Company s expected future financial position, results of operations, revenue growth and profit levels, cash flows, business strategy, budgets, projected costs, capital expenditures, products, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as anticipate, if, believe, plan, goals, estimate, expect, intend, may, could, should, will, and other similar expressions are forward-looking statements.

SEC original ↗J&J Snack Foods Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

These results reflect the resilience of our business, the strength of our diversified portfolio, the continued appeal of our brands, and our team s relentless focus on disciplined execution in the face of a cautious consumer environment and weather-related headwinds.

SEC original ↗J&J Snack Foods Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

As we close out our fiscal fourth quarter, we remain cautious given the consumer backdrop, tariff-related risks, and projections for box office sales to be down in the fourth quarter.

SEC original ↗J&J Snack Foods Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Factors that may cause actual results to differ materially from those in the forward-looking statements include consumer spending, price competition, acceptance of new products, the pricing and availability of raw materials, transportation costs, changes in the competitive marketplace the uncertainty and ultimate economic impact of the COVID-19 pandemic or similar health outbreaks, and other risks identified in our annual report on Form 10-K, and our other filings with the Securities and Exchange Commission.

SEC original ↗J&J Snack Foods Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Legal Proceedings 33 Item 1A.

SEC original ↗J&J Snack Foods Corp — 10-Q Quarterly report10-QAug 6, 2026

We believe there will be no significant changes to our estimates of variable consideration when any related uncertainties are resolved with our customers.

SEC original ↗J&J Snack Foods Corp — 10-Q Quarterly report10-QAug 6, 2026

As of the date of issuance of the financial statements, final judgment has not been entered by the court, and significant uncertainty remains regarding the ultimate recovery, including the timing, amount and collectability of any proceeds that may be received.

SEC original ↗J&J Snack Foods Corp — 10-Q Quarterly report10-QAug 6, 2026