J. M. Smucker (SJM) Tops Q3 EPS by 12c; Provides FY20 EPS Outlook
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The J. M. Smucker Company Announces Fiscal 2020 Third Quarter Results
February 26, 2020 7:00 AM ESTORRVILLE, Ohio, Feb. 26, 2020 /PRNewswire/ -- The J. M. Smucker Company (NYSE: SJM) today announced results for the third quarter ended January 31, 2020, of its 2020 fiscal year. All comparisons are to the third quarter of the prior fiscal year, unless otherwise noted.
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... More