J. M. Smucker (SJM) Misses Q1 EPS by 1c: Lowers FY19 Sales Guidance
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The J. M. Smucker Company Announces Fiscal 2019 First Quarter Results
August 21, 2018 7:02 AM EDTORRVILLE, Ohio, Aug. 21, 2018 /PRNewswire/ -- The J. M. Smucker Company (NYSE: SJM) today announced results for the first quarter ended July 31, 2018, of its 2019 fiscal year. All comparisons are to the first quarter of the prior fiscal year, unless otherwise noted. Certain items previously reported in the financial statements have been reclassified to conform with the current year presentation.
EXECUTIVE SUMMARY
Net sales increased $153.6 million, or 9 percent, reflecting the acquisition of Ainsworth Pet Nutrition, LLC ("Ainsworth") on May 14, 2018. Net income per diluted share was $1.17. Adjusted earnings per... More