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“Significant” Sales of Oreo Churros image

“Significant” Sales of Oreo Churros

Oreo churros? J&J Snack Foods’ license for Mondolez International’s Oreo brand generated “significant” sales of churros – a fried dough pastry – that it largely sells to food service customers, J&J CEO Gerry Shreiber told analysts. J&J’s sales of churros in fiscal Q1 ended Dec. 24 rose to $14.4 million from $13.9 million. “Oreo cookies may have lots of colors and flavors, but there is only one Oreo churros so we are going to build on that” Shreiber said. J&J signed an Oreos license with Mondelez in 2014. J&J also has licenses with Coca-Cola for Minute Maid frozen juice bars and ices and General Mills for Pillsbury mini dessert pies, sales of which were “relatively good” in Q1, Shreiber said. Overall, J&J’s Q1 net income rose to $13.5 million from $12.9 million a year earlier despite a decline in sales to $225.5 million from $222.8 million.

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