S&P Revises Outlook on J. M. Smucker's (SJM) Liquidity to Strong; Ratings Affirmed
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The J. M. Smucker Company Announces Fiscal 2016 Third Quarter Results
February 23, 2016 7:00 AM ESTORRVILLE, Ohio, Feb. 23, 2016 /PRNewswire/ --Â The J. M. Smucker Company (NYSE: SJM) today announced results for the third quarter ended January 31, 2016, of its 2016 fiscal year. Â All comparisons are to the third quarter of the prior fiscal year, unless otherwise noted.
EXECUTIVE SUMMARY
Net sales increased $533.9 million, or 37 percent, reflecting the contribution of Big Heart Pet Brands ("Big Heart"), acquired in fiscal 2015. Net income per diluted share was $1.55, a decrease of 2 percent, as the benefit from Big Heart operations and the gain on... More