J. M. Smucker (NYSE: SJM) reported Q2 EPS of $2.02, $0.12 better than the analyst estimate of $1.90. Revenue for the quarter came in at $1.93 billion versus the consensus estimate of $1.89 billion.

EXECUTIVE SUMMARY

• Net sales increased 1 percent, reflecting improved trends from the prior quarter.
• Net income per diluted share increased 13 percent to $1.71.
• Adjusted earnings per share was $2.02, a decrease of 1 percent.
• Cash provided by operating activities was $130.3 million, compared to $136.4 million in the prior year.
• Free cash flow was $69.9 million in the quarter and $304.6 million through the first half of fiscal 2018.
• The Company updated its full-year 2018 net sales and earnings outlook.

GUIDANCE:

J. M. Smucker sees FY2018 EPS of $7.75-$7.90, versus the consensus of $7.720.

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