J. M. Smucker (SJM) Tops Q2 EPS by 39c, Offers Guidance

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The J.M. Smucker Co. Announces Fiscal 2022 Second Quarter Results

November 23, 2021 7:00 AM EST

ORRVILLE, Ohio, Nov. 23, 2021 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced results for the second quarter ended October 31, 2021, of its 2022 fiscal year. Financial results for the second 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 second quarter of the prior fiscal year, unless otherwise noted.

EXECUTIVE SUMMARY

Net sales increased $16.0 million, or 1 percent. Net sales excluding divestitures and foreign currency exchange... More