J.M. Smucker (SJM) Price Target Raised to $130 at KeyBanc

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The J. M. Smucker Company Announces Fiscal 2015 Fourth Quarter and Full Year Results

June 4, 2015 7:00 AM EDT

ORRVILLE, Ohio, June 4, 2015 /PRNewswire/ -- The J. M. Smucker Company (NYSE: SJM) today announced results for the fourth quarter and year ended April 30, 2015. 

"Our 2015 adjusted earnings per share of $5.38, excluding the Big Heart Pet Brands acquisition and financing impacts, were in line with expectations," said Richard Smucker, Chief Executive Officer.  "While these results were significantly impacted by the challenges in our U.S. Retail Coffee segment, we are optimistic about our current initiatives and confident in the long-term prospects of our coffee business.  During the quarter, we completed the largest... More