Smucker: Fiscal Q3 Earnings Snapshot
By AP News
Published - Feb 28, 2023, 07:20 AM ET
Last Updated - Jun 22, 2023, 07:06 PM EDT
ORRVILLE, Ohio (AP) — ORRVILLE, Ohio (AP) — J.M. Smucker Co. (SJM) on Tuesday reported fiscal third-quarter net income of $208.5 million.
On a per-share basis, the Orrville, Ohio-based company said it had net income of $1.95. Earnings, adjusted for one-time gains and costs, came to $2.21 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share.
The food maker posted revenue of $2.22 billion in the period, meeting Street forecasts.
