J. M. Smucker (SJM) Tops Q1 EPS by 9c
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The J. M. Smucker Company Announces Fiscal 2016 First Quarter Results
August 27, 2015 7:00 AM EDTORRVILLE, Ohio, Aug. 27, 2015 /PRNewswire/ -- The J. M. Smucker Company (NYSE: SJM) today announced results for the first quarter ended July 31, 2015, of its 2016 fiscal year. All comparisons are to the first quarter of the prior fiscal year, unless otherwise noted.
EXECUTIVE SUMMARY
Net sales increased $628.2 million, or 47 percent, reflecting the contribution of Big Heart Pet Brands ("Big Heart"), acquired in fiscal 2015, and the Company's U.S. retail launch of Dunkin' Donuts® K-Cup® pods during the quarter. Net income per... More