J. M. Smucker (NYSE: SJM) reported Q4 EPS of $1.89, $0.22 better than the analyst estimate of $1.67. Revenue for the quarter came in at $1.92 billion versus the consensus estimate of $1.88 billion.

"Our fourth quarter and full-year results demonstrate the continued execution of our strategy, as we delivered net sales, adjusted earnings per share, and free cash flow above our expectations, with significant investment in our brands and gaining market share in several of our key categories,\" said Mark Smucker, President and Chief Executive Officer. "Our strong financial results reflect sustained elevated demand for at-home food and coffee consumption and consumers' desire for our trusted and iconic brands. Fiscal year 2021 marked another year of progress strengthening our financial position, with earnings growth and cash generation enabling debt reduction and return of cash to our shareholders."

"Looking ahead to fiscal year 2022, we are focused on building upon the momentum and exceptional results we delivered this year, advancing our consumer-centric growth strategy, and supporting our talented employees who have been instrumental to our success. I am confident the investments we have made in our businesses and the increased agility and flexibility we developed during the past year will enable us to continue driving sustainable growth and shareholder value."

GUIDANCE:

J. M. Smucker sees FY2022 EPS of $8.70-$9.10, versus the consensus of $8.60.

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