J. M. Smucker (SJM) Tops Q1 EPS by 40c; Lifts Guidance
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The J.M. Smucker Co. Announces Fiscal 2023 First Quarter Results
August 23, 2022 7:00 AM EDTORRVILLE, Ohio, Aug. 23, 2022 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced results for the first quarter ended July 31, 2022, of its 2023 fiscal year. Financial results for the first quarter of fiscal year 2023 reflect the divestitures of the natural beverage and grains businesses on January 31, 2022, and the private label dry pet food business on December 1, 2021. All comparisons are to the first quarter of the prior fiscal year, unless otherwise noted.
EXECUTIVE SUMMARY
Net sales increased $15.0... More