J.M. Smucker Co.

NYSE:SJM   3:34:48 PM EDT
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Other Pre-Announcement

The J.M. Smucker Co Reports Qtrly Net Sales Of $1.86 Bln Versus $1.97 Bln

Published: 08/26/2021 11:23 GMT
J.M. Smucker Co. (SJM) - The Jm Smucker Co. Announces Fiscal 2022 First Quarter Results.
Qtrly Net Sales $1.86 Billion Versus $1.97 Billion.
Qtrly Net Income per Common Share - Assuming Dilution$1.42.
Qtrly Adjusted Earnings per Share - Assuming Dilution $1.90.
Sees FY Net Sales Decrease Versus Prior Year 2.5% - 1.5%.
Sees FY Adjusted Earnings per Share$8.25 - $8.65.
Q1 Earnings per Share View $1.86, Revenue View $1.80 Billion -- Refinitiv Ibes Data (analyst estimates).
Qtrly U.S. Retail Consumer Foods Sales of $435.6 Million, Down 11%.
FY Earnings per Share View $8.82 -- Refinitiv Ibes Data (analyst estimates).
Qtrly U.S. Retail Pet Foods Sales of $648 Million, Down 6%.
In Near Term, We Expect to Experience Higher Raw Material and Logistics Cost Increases.