06.06.2024 13:22:34 - dpa-AFX: J.M. Smucker Co. Issues FY25 Outlook

WASHINGTON (dpa-AFX) - The J.M. Smucker Co. (SJM) said, for fiscal 2025, the
company expects adjusted earnings per share to range from $9.80 to $10.20. Net
sales are expected to increase 9.5 to 10.5 percent. Comparable net sales are
expected to increase approximately 1.5 to 2.5 percent. Analysts polled by
Thomson Reuters expect the company to report profit per share of $10.18.
Analysts' estimates typically exclude special items.

Fourth quarter net income was $245.1 million compared to a loss of $600.7
million, last year. Net income per common share was $2.30 compared to a loss of
$5.69. Adjusted earnings per share increased to $2.66 from $2.64. On average, 15
analysts polled by Thomson Reuters expected the company to report profit per
share of $2.33, for the quarter.

Fourth quarter net sales were $2.2 billion, a decrease of 1 percent from last
year. Net sales excluding the acquisition, divestitures, and foreign currency
exchange increased 3 percent. Analysts on average had estimated $2.24 billion in
revenue.

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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
JM Smucker Company (The) 633835 NYSE 107,690 26.06.24 22:00:38 -0,380 -0,35% 106,750 108,290 110,500 108,070

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