Although the revenue and EPS for Smucker (SJM) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
U.S. stocks traded mixed this morning, with the Dow Jones index gaining over 50 points on Wednesday.
Smucker (SJM) came out with quarterly earnings of $2.44 per share, beating the Zacks Consensus Estimate of $2.18 per share. This compares to earnings of $2.21 per share a year ago.
Jif peanut butter maker J.M. Smucker cut annual sales and profit forecasts on Wednesday, hurt by cost-conscious consumers switching to lower-priced alternatives amid sticky inflation, sending its shares down 4% in premarket trading.
J.M. Smucker Co.'s stock SJM, -0.54% was down 0.6% in premarket trading Wednesday after the packaged food giant reduced its full-year profit outlook, although it topped analyst estimates for its first-quarter profit. Smucker's first-quarter net income rose 15% to $349.5 million or $1.74 a share, from $303.5 million, or $1.79 a share, in the year-ago quarter.
Like many food companies, J.M. Smucker is struggling with consumer pullback as inflation hits spending.
The J.M. Smucker's (SJM) Q1 performance is likely to reflect gains from Hostess Brands acquisition and volume/mix growth. However, a rising cost environment poses a threat.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Smucker (SJM), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended July 2024.
Smucker (SJM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Smucker (SJM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
J.M. Smucker , known primarily for its jams and jellies, is exploring a sale of Voortman Bakery in a deal that could value the cookie and wafer brand at more than $350 million, according to people familiar with the matter.
The J.M. Smucker (SJM) underlines its robust financial health and commitment to shareholders by announcing a 2% hike in its quarterly dividend.