J. M. Smucker (SJM) Tops Q1 EPS by 6c, Trims FY Guidance
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The J.M. Smucker Co. Announces Fiscal 2022 First Quarter Results
August 26, 2021 7:00 AM EDTORRVILLE, Ohio, Aug. 26, 2021 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced results for the first quarter ended July 31, 2021, of its 2022 fiscal year. Financial results for the first quarter of fiscal year 2022 reflect the divestiture of the Crisco® business on December 1, 2020, and the divestiture of the Natural Balance® business on January 29, 2021. All comparisons are to the first quarter of the prior fiscal year, unless otherwise noted.
EXECUTIVE SUMMARY
Net sales decreased $113.8 million, or 6 percent. Net sales excluding divestitures and foreign currency exchange... More