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0.00019607843137251 0.00019607843137251 0.00019607843137251 0.00117647058823534 0.00980392156862745 0.0174509803921569 0.0147058823529412 0.0477450980392157
Stock impact report

JM Smucker shares fall premarket after sales miss, lowered guidance [MarketWatch]

The J.M. Smucker Company (SJM) 
Last the j.m. smucker company earnings: 2/26 07:00 am Check Earnings Report
US:NYSE Investor Relations: jmsmucker.com/investor-relations
Company Research Source: MarketWatch
JM Smucker shares fall premarket after sales miss, lowered guidance The J.M. Smucker Co. shares SJM, -1.23% slid 2% in premarket trade Friday , after the distributor of Folgers and Cafe Bustelo brands missed sales estimates for its fiscal second quarter and lowered its full-year guidance. Orrville, Ohio-based Smucker said it had net income of $211.2 million, or $1.85 a share, in the quarter to Oct. 31, up from $188.5 million, or $1.66 a share, in the year-earlier period. Adjusted per-share earnings came to $2.26, ahead of the $1.97 FactSet consensus. Sales fell to $1.96 billion from $2.02 billion, below the $1.97 billion FactSet consensus. The sales decline was partly due to the sale of the company's U.S. baking business on Aug. 31. Chief Executive Mark Smucker acknowledged that the company's sales performance was below its expectations, but said cat food and pet snacks performed well, along with coffee brands. The company lowered its full-year guidance and said it now expects sale Show less Read more
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