J. M. Smucker (SJM) Tops Q4 EPS by 8c, Offers FY Guidance
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The J. M. Smucker Company Announces Fiscal 2017 Fourth Quarter Results and Fiscal 2018 Outlook
June 8, 2017 7:00 AM EDTORRVILLE, Ohio, June 8, 2017 /PRNewswire/ -- The J. M. Smucker Company (NYSE: SJM) today announced results for the fourth quarter ended April 30, 2017, of its 2017 fiscal year. All comparisons are to the fourth quarter of the prior fiscal year, unless otherwise noted. Â
EXECUTIVE SUMMARY
Net sales decreased 1 percent, primarily reflecting declines within the U.S. Retail Pet Foods segment. Â Net income per diluted share was $0.96 in the fourth quarter, including a noncash impairment charge primarily related to certain indefinite-lived trademarks within the U.S. Retail... More