J.M. Smucker (SJM) Tops Q4 Views; Guides Higher
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J.M. Smucker (NYSE: SJM) reports Q4 earnings of $1.02 per share, ex-items, above the consensus of $0.63. Revenues came in at $1.07 billion, versus the consensus of $1 billion. Net sales were up 81 percent in the fourth quarter of 2009 compared to 2008, primarily due to the addition of Folgers.
J.M. Smucker sees FY10 EPS of $3.65-$3.80 up from previous guidance of $3.62-$3.72 and the consensus of $3.37. Sees FY10 revenues of $4.5 billion, versus the consensus fo $4.7 billion.
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