J.M. Smucker Tops Q4 Results; Shares Gain
Food and beverage maker J.M. Smucker Company (SJM) reported better-than-expected Q4 results. Shares rose 1.4% to close at $137.88 on June 3.
Notably, the company completed the divestiture of the Crisco business on December 1, 2020, and the divestiture of the Natural Balance business on January 29, 2021.
Adjusted earnings stood at $1.89 per share in Q4, a decrease of 26.5% year-over-year. However, earnings surpassed the Streets estimates of $1.67 per share.
Net sales for the quarter declined 3% (excluding…
