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SJM / JM Smucker Q3 earnings top estimates but company lowers guidance to reflect inflationary and supply chain issues

The J.M. Smucker Co. SJM, -1.84% posted stronger-than-expected earnings for its sical third quarter on Tuesday, but lowered guidance to reflect continued supply chain issues and inflationary pressure. Orrville, Ohio-based Smucker posted net income of $69.7 million, or $64 cents a share, for the quarter to Jan. 31, down 73% from $261.5 million, or $2.32 a share, in the year-earlier period. Read More

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Posted: Mar 1 2022, 07:27

Author Name: Market Watch

SJM News

By Zacks Investment Research
October 31, 2023

Will Smucker (SJM) Beat Estimates Again in Its Next Earnings Report?

Smucker (SJM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat i

By Market Watch
October 11, 2023

J.M. Smucker taps corporate bond market to fund cash portion of Hostess Brands deal

J.M. Smucker Co. is tapping the investment-grade corporate bond market on Wednesday with a deal to finance its acquisition of Twinkies and HoHos maker

By Zacks Investment Research
October 11, 2023

All You Need to Know About Smucker (SJM) Rating Upgrade to Buy

Smucker (SJM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

By Market Watch
October 5, 2023

J.M. Smucker on track for longest losing streak since April of 2018

J.M. Smucker Co.'s stock SJM, -1.98% was down 1.9% Thursday, extending its losing streak to seven straight days, during which it has lost 7.5% of its

By Zacks Investment Research
September 28, 2023

Why Is Smucker (SJM) Down 12.8% Since Last Earnings Report?

Smucker (SJM) reported earnings 30 days ago. What's next for the stock?

By Zacks Investment Research
September 28, 2023

J.M. Smucker's (SJM) Sale of Sahale Snacks to Refine Portfolio

The J.M. Smucker (SJM) will offload its Sahale Snacks brand to Second Nature Brands to focus on areas with greater potential.

By Market Watch
September 27, 2023

J.M. Smucker to sell Sahale Snacks to Second Nature Brands

J.M. Smucker SJM, -2.31% will sell its Sahale Snacks brand to Second Nature Brands for $34 million in cash.

By CNBC Television
September 21, 2023

Here's why TD Cowen's Robert Moskow favors JM Smucker

Robert Moskow, TD Cowen food analyst, joins 'Squawk on the Street' to discuss what it'll take for volume to reflect positively, how much of a weak con

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