27.02.2024 13:33:52 - dpa-AFX: ROUNDUP: J.M. Smucker Q3 Profit Down, But Beats View; s Annual Earnings Guidance

WASHINGTON (dpa-AFX) - (Adds Outlook)

For the full year, J. M. Smucker Company (SJM) expects sales to decrease about
3.6 percent from last year.

Adjusted earnings per share are now expected to range from $9.45 to $9.65,
better than $9.25 - $9.65 guided earlier.

Analysts on average expect SJM to report earnings of $9.52 a share on revenue of
$8.24 billion for the year.

Q3 results

J. M. Smucker revealed earnings for third quarter that decreased from last year
but beat the Street estimates.

The company's bottom line came in at $120.4 million, or $1.13 per share. This
compares with $208.5 million, or $1.95 per share, in last year's third quarter.

Excluding items, The J. M. Smucker Company reported adjusted earnings of $262.6
million or $2.48 per share for the period.

Analysts on average had expected the company to earn $2.27 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 0.5% to $2.23 billion from $2.22
billion last year.

The J. M. Smucker Company earnings at a glance (GAAP) :

-Earnings (Q3): $120.4 Mln. vs. $208.5 Mln. last year.
-EPS (Q3): $1.13 vs. $1.95 last year.
-Analyst Estimates: $2.27
-Revenue (Q3): $2.23 Bln vs. $2.22 Bln last year.

-Guidance:
Full year EPS guidance: $9.45 - $9.65



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
SMUCKER -J.M.- 633835 Frankfurt 104,500 10.05.24 08:31:49 -0,150 -0,14% 105,650 106,250 104,500 104,650

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