J. M. Smucker (SJM) Tops Q3 EPS by 12c

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Go back to J. M. Smucker (SJM) Tops Q3 EPS by 12c

The J. M. Smucker Company Announces Fiscal 2016 Third Quarter Results

February 23, 2016 7:00 AM EST

ORRVILLE, Ohio, Feb. 23, 2016 /PRNewswire/ -- The J. M. Smucker Company (NYSE: SJM) today announced results for the third quarter ended January 31, 2016, of its 2016 fiscal year.  All comparisons are to the third quarter of the prior fiscal year, unless otherwise noted.

EXECUTIVE SUMMARY

Net sales increased $533.9 million, or 37 percent, reflecting the contribution of Big Heart Pet Brands ("Big Heart"), acquired in fiscal 2015. Net income per diluted share was $1.55, a decrease of 2 percent, as the benefit from Big Heart operations and the gain on... More