The J. M. Smucker Company Announces Fiscal 2020 Third Quarter Results
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J. M. Smucker (SJM) Tops Q3 EPS by 12c; Provides FY20 EPS Outlook
February 26, 2020 7:02 AM ESTJ. M. Smucker (NYSE: SJM) reported Q3 EPS of $2.35, $0.12 better than the analyst estimate of $2.23. Revenue for the quarter came in at $1.97 billion versus the consensus estimate of $1.97 billion.
EXECUTIVE SUMMARY
Net sales decreased $39.6 million, or 2 percent, primarily reflecting anticipated declines within the U.S. Retail Pet Foods segment.Net income per diluted share was $1.64. Adjusted earnings per share was $2.35, an increase of 4 percent.Cash from operations was $521.6 million, an increase of 24 percent. Free cash flow was $465.1 million in the quarter, compared to $333.0 million in the prior... More