J.M. Smucker Co.

NYSE:SJM   3:59:58 PM EDT
145.34
+0.19 (+0.13%)
4:00:00 PM EDT: $145.38 +0.04 (+0.03%)
Debt Financing / Related, Divestitures / Spin-offs, Other Pre-Announcement

J.M. Smucker Co Divests Private Label Dry Pet Food Business As Part Of Continued Portfolio Optimization

Published: 12/01/2021 22:24 GMT
J.M. Smucker Co. (SJM) - The Jm Smucker Co. Divests Private Label Dry Pet Food Business As Part of Continued Portfolio Optimization.
J M Smucker Co - Cash Transaction Valued at Approximately $33 Million.
J M Smucker Co - Deal for Valued at Approximately $33 Million.
J M Smucker Co - Transaction Does Not Include Any Branded Products Or Company's Private Label Wet Pet Food Business.
J M Smucker Co - Divestiture is Immaterial to Adjusted Earnings per Share on a Full-year Basis.
J M Smucker Co - Updated Its Full-year Fiscal 2022 Guidance to Reflect Removal of Divested Net Sales for Remainder of Fiscal Year.
J M Smucker Co - Full-year Net Sales Are Now Expected to Range From Down 1 Percent to Flat Compared to Prior Year.
J M Smucker Co - Maintains Its Adjusted Earnings per Share Guidance Range of $8.35 to $8.75 and Free Cash Flow Guidance of $700 Million for FY.