J. M. Smucker (SJM) Tops Q1 EPS by 70c, Raises FY EPS Guidance

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The J. M. Smucker Company Announces Fiscal 2021 First Quarter Results

August 25, 2020 7:00 AM EDT

ORRVILLE, Ohio, Aug. 25, 2020 /PRNewswire/ -- The J. M. Smucker Company (NYSE: SJM) today announced results for the first quarter ended July 31, 2020, of its 2021 fiscal year. All comparisons are to the first quarter of the prior fiscal year, unless otherwise noted.

EXECUTIVE SUMMARY

Net sales increased $192.9 million, or 11 percent, with growth across each of the Company's U.S. and International retail businesses, partially offset by a decline for its Away From Home business. Net income per diluted share was $2.08. Adjusted earnings per share was $2.37, an increase... More