Smucker: Fiscal Q4 Earnings Snapshot
By Ap News
Published - Jun 06, 2024, 07:18 AM ET
Last Updated - Jun 06, 2024, 07:18 AM EDT
ORRVILLE, Ohio (AP) — ORRVILLE, Ohio (AP) — J.M. Smucker Co. (SJM) on Thursday reported fiscal fourth-quarter earnings of $245.1 million.
On a per-share basis, the Orrville, Ohio-based company said it had net income of $2.30. Earnings, adjusted for one-time gains and costs, came to $2.66 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.32 per share.
The food maker posted revenue of $2.21 billion in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $2.25 billion.
