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.