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Stock impact report

J.M. Smucker profit beats, but sales fall short in latest quarter [MarketWatch]

The J.M. Smucker Company (SJM) 
Last the j.m. smucker company earnings: 2/26 07:00 am Check Earnings Report
US:NYSE Investor Relations: jmsmucker.com/investor-relations
Company Research Source: MarketWatch
J.M. Smucker profit beats, but sales fall short in latest quarter J.M. Smucker Co. SJM, +0.53% said Thursday it had net income of $71.5 million, or 63 cents a share, in its fiscal fourth quarter to April 30, down sharply from $185.9 million, or $1.64 a share, in the year-earlier period. Adjusted per-share earnings came to $2.08, ahead of the $1.95 FactSet consensus. Sales rose to $1.902 billion from $1.781 billion, below the FactSet consensus of $1.930 billion. The owner of brands including Folgers and Smucker's coffee said sales were lifted by the $200.8 million contribution from Ainsworth Pet Nutrition, which was acquired in May of last year. The company divested its U.S. banking business in August. U.S. retail coffee sales rose 4% to $526.3 million, driven by double-digit increases for Dunkin' Donuts and Cafe Bustelo brands. U.S. retail consumer food sales fell 15% to $393.6 million, and U.S. retail pet food sales rose 35% to $721.2 million. The company is now expecting fiscal 2 Show less Read more
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