J. M. Smucker (SJM) Tops Q4 EPS by 28c, Revenues Beat; Offers FY21 EPS Guidance Above Consensus
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The J. M. Smucker Company Announces Fiscal 2020 Fourth Quarter Results
June 4, 2020 7:00 AM EDTORRVILLE, Ohio, June 4, 2020 /PRNewswire/ -- The J. M. Smucker Company (NYSE: SJM) today announced results for the fourth quarter of its 2020 fiscal year ending April 30, 2020. All comparisons are to the fourth quarter of the prior fiscal year, unless otherwise noted.
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... More