The J. M. Smucker Company Announces Fiscal 2020 Fourth Quarter Results
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J. M. Smucker (SJM) Tops Q4 EPS by 28c, Revenues Beat; Offers FY21 EPS Guidance Above Consensus
June 4, 2020 7:04 AM EDTJ. M. Smucker (NYSE: SJM) reported Q4 EPS of $2.57, $0.28 better than the analyst estimate of $2.29. Revenue for the quarter came in at $2.09 billion versus the consensus estimate of $2.06 billion.
EXECUTIVE SUMMARY
Net sales increased $189.9 million, or 10 percent, driven by increased consumer demand resulting from the COVID-19 pandemic.For the full year, net sales were $7.8 billion, a 1 percent increase of comparable sales excluding acquisition, divestiture, and foreign currency exchange.Net income per diluted share was $1.98. Adjusted earnings per share was $2.57, an increase of 24 percent.For the full year, net... More