J&J Snack Foods Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended June 24, 2017. For the quarter, the company reported net sales of $295,415,000 against $277,981,000 a year ago. Operating income was $37,800,000 against $40,437,000 a year ago. Earnings before income taxes was $39,142,000 against $41,387,000 a year ago. Net earnings were $25,304,000 against $26,791,000 a year ago. Earnings per diluted share were $1.34 against $1.43 a year ago. Capital spending was $24 million in the quarter, as continue to invest in planned efficiencies and growing business.

For the nine months, the company reported net sales of $767,498,000 against $730,541,000 a year ago. Operating income was $81,238,000 against $82,076,000 a year ago. Earnings before income taxes was $84,411,000 against $85,100,000 a year ago. Net earnings were $54,831,000 against $55,357,000 a year ago. Earnings per diluted share were $2.93 against $2.97 a year ago. Net cash provided by operating activities was $83,338,000 against $71,348,000 a year ago. Purchases of property, plant and equipment was $57,151,000 against $37,221,000 a year ago.

The company is presently estimating capital spending for the year 2017 to be $60 million to $65 million. The company is estimating a tax rate of about 35.5% in fiscal year 2017, which compares to a full year rate of 35% in 2016.