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