J. M. Smucker (SJM) Misses Q2 EPS by 17c, Lowers FY EPS Guidance

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The J. M. Smucker Company Announces Fiscal 2019 Second Quarter Results

November 28, 2018 7:00 AM EST

ORRVILLE, Ohio, Nov. 28, 2018 /PRNewswire/ -- The J. M. Smucker Company (NYSE: SJM) today announced results for the second quarter ended October 31, 2018, of its 2019 fiscal year.  Financial results for the second quarter and first six months of 2019 include the contribution from Ainsworth Pet Nutrition, LLC ("Ainsworth"), which was acquired on May 14, 2018, and reflect the divestiture of the Company's U.S. baking business on August 31, 2018.  All comparisons are to the second quarter of the prior fiscal year, unless otherwise noted.

EXECUTIVE SUMMARY

Net sales increased $97.9 million,... More