The J. M. Smucker Company (NYSE:SJM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
The J. M. Smucker Company Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 5.98% to $1.24 in the quarter versus EPS of $1.17 in the year-earlier quarter.
Revenue: Decreased 1.37% to $1.35 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: The J. M. Smucker Company reported adjusted EPS income of $1.24 per share. By that measure, the company beat the mean analyst estimate of $1.2. It beat the average revenue estimate of $1.34 billion.
Quoting Management: “There is clearly momentum across our business as we experienced our strongest first quarter earnings ever,” commented Richard Smucker, Chief Executive Officer. “Our team continues to execute well against our long-term strategy leading to strong results. As we look ahead, we expect to continue this momentum through the year as we further invest in our brands, our infrastructure, and our people.”
Key Stats (on next page)…