J. M. Smucker (SJM) Tops Q2 EPS by 13c, Lowers FY EPS Guidance

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November 22, 2019 7:01 AM EST

J. M. Smucker (NYSE: SJM) reported Q2 EPS of $2.26, $0.13 better than the analyst estimate of $2.13. Revenue for the quarter came in at $1.96 billion versus the consensus estimate of $1.97 billion.

GUIDANCE:

J. M. Smucker sees FY2020 EPS of $8.10-$8.30, versus the consensus of $8.27.

The Company provided updated full-year fiscal 2020 guidance as summarized below:

Current

Previous

Net sales increase (decrease) vs prior year

(3%)

(1%) - 0%

Adjusted earnings per share

$8.10 - $8.30

$8.35 - $8.55

Free cash flow (in millions)

$850

$875 - $925

Capital expenditures (in millions)

$300 - $320

$300 - $320

Effective tax rate

24.5%

24.5% - 25.0%

For earnings history and earnings-related data on J. M. Smucker (SJM) click here.


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