The J.M. Smucker Co. Reports 1% Increase in Profit for Q1 2024.
Smucker Co. Sees 18% Revenue Surge in Q1 2024, Exceeding Expectations.
The J.M. Smucker Co. [SJM] announced its financial results for the first quarter ended July 31, 2024, of its fiscal 2025 year, reporting a net income of $185.0 million for the quarter. This represents a slight increase from the previous quarter's net income.
The company, headquartered in Orrville, Ohio, reported to SEC in an 8-K filing $1.74 earnings per share in the quarter, compared to $1.79 in the previous quarter.
The J.M. Smucker Co. reported a revenue of $2.1 billion in the latest period, reflecting a notable 18% increase from the previous period. The company operates in the Consumer Packaged Goods sector.
In comparison to the same quarter of the previous year, The J.M. Smucker Co. observed a robust 18% growth in revenue. Additionally, the company experienced a 1% increase in net income for the current quarter compared to the same quarter of the previous year.
