J. M. Smucker (SJM) Tops Q2 EPS by 11c, Offers FY16 Guidance
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The J. M. Smucker Company Announces Fiscal 2016 Second Quarter Results
November 19, 2015 7:00 AM ESTORRVILLE, Ohio, Nov. 19, 2015 /PRNewswire/ -- The J. M. Smucker Company (NYSE: SJM) today announced results for the second quarter ended October 31, 2015, of its 2016 fiscal year. All comparisons are to the second quarter of the prior fiscal year, unless otherwise noted.
EXECUTIVE SUMMARY
Net sales increased $595.9 million, or 40 percent, reflecting the contribution of Big Heart Pet Brands ("Big Heart"), acquired in fiscal 2015, and growth within the U.S. Retail Coffee segment. Net income per diluted share was $1.47, a decrease of 5 percent, as the benefit... More