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published in Blogs
Jun 11, 2022
J. M. Smucker (SJM, $128.21) beats analysts' expectations

J. M. Smucker (SJM, $128.21) beats analysts' expectations

J. M. Smucker reported its quarterly earnings that surpassed analysts’ expectations.

The food manufacturing company’s earnings came in at $2.23 per share for the quarter, handily topping analysts’ consensus estimates of $1.88. The EPS was $1.89 in the prior year quarter.

Revenue grew +5.9% from the year-ago quarter to  $2.03 billion,  also surpassing analysts’ expectations of $1.98 billion.

J. M. Smucker updated its outlook for FY23 to the range $7.85-8.25 EPS, compared to the consensus earnings estimate of $8.91. The company’s revenue guidance is $8.28 billion-$8.36 billion, compared to the consensus estimate of $8.01 billion.

Related Tickers: SJM