The J.M. Smucker Co. (NYSE: SJM) reported its first quarter 2024 earnings results today.
Net sales decreased 4% year-over-year to $1.80 billion. Comparable net sales increased 21%.
Net income increased 67% to $183.6 million while EPS rose 74% to $1.79 compared to last year. Adjusted EPS grew 32% to $2.21.
Earnings beat estimates while revenue fell short.
For the full year of 2024, net sales are expected to decrease 10-11% year-over-year. Comparable net sales are expected to increase 8.5-9.5%. Adjusted EPS is estimated to range from $9.45-9.85.
The stock gained over 2% in premarket hours on Tuesday following the announcement.
The post J.M. Smucker (SJM) Q1 2024 Earnings: Key financials and quarterly highlights first appeared on AlphaStreet.
—
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact [email protected]
