J. M. Smucker (SJM) Tops Q2 EPS by 16c, Revenues Beat; Raises FY21 EPS Guidance
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The J.M. Smucker Co. Announces Fiscal 2021 Second Quarter Results
November 24, 2020 7:00 AM ESTORRVILLE, Ohio, Nov. 24, 2020 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced results for the second quarter ended October 31, 2020, of its 2021 fiscal year. All comparisons are to the second quarter of the prior fiscal year, unless otherwise noted.
EXECUTIVE SUMMARY
Net sales increased $76.2 million, or 4 percent, primarily reflecting growth in the Company's U.S. Retail Consumer Foods and U.S. Retail Coffee segments, partially offset by a decline in its Away From Home business. Net income per diluted share was $2.02. Adjusted earnings per... More