J. M. Smucker (SJM) Misses Q4 EPS by 25c, FY 19 EPS Guidance Falls Short of Views

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Go back to J. M. Smucker (SJM) Misses Q4 EPS by 25c, FY 19 EPS Guidance Falls Short of Views

The J. M. Smucker Company Announces Fiscal 2018 Fourth Quarter Results and Fiscal 2019 Outlook

June 7, 2018 7:00 AM EDT

ORRVILLE, Ohio, June 7, 2018 /PRNewswire/ -- The J. M. Smucker Company (NYSE: SJM) today announced results for the fourth quarter ended April 30, 2018, of its 2018 fiscal year.  All comparisons are to the fourth quarter of the prior fiscal year, unless otherwise noted.  

EXECUTIVE SUMMARY

Net sales were comparable to the prior year.  Net income per diluted share was $1.64.  Adjusted earnings per share was $1.93, an increase of 7 percent.  Both fiscal 2018 fourth quarter measures included a $0.10 per share impact from a charge related to pet food recalls and... More