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JM Smucker: Q2 Earnings Insights

Benzinga Insights
·1 min read

 

Shares of JM Smucker (NYSE:SJM) moved higher by 1.7% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 5.75% year over year to $2.39, which beat the estimate of $2.23.

Revenue of $2,034,000,000 up by 3.88% year over year, which beat the estimate of $2,010,000,000.

Looking Ahead

JM Smucker hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Nov 24, 2020

View more earnings on SJM

Time: 08:30 AM

ET Webcast URL: https://78449.themediaframe.com/dataconf/productusers/smuckers/mediaframe/41819/indexl.html

Technicals

Company's 52-week high was at $125.62

52-week low: $91.88

Price action over last quarter: down 3.97%

Company Overview

J.M. Smucker is a packaged food company that primarily operates in the U.S. retail channel (87% of fiscal 2020 revenue), but also in U.S. food-service (7%), and international (6%). Its largest category is pet food and treats (38% of 2020 revenue), with popular brands such as Milk-Bone, Meow Mix, 9Lives, Kibbles 'n Bits, Nature's Recipe, Natural Balance, and Rachael Ray Nutrish. Its second- largest category is coffee (32%) with the number-two brand Folgers and number-six Dunkin' Donuts. Other large categories are peanut butter (9%), with number-one Jif and number-three Smucker's, fruit spreads (5%) with number-one Smucker's, frozen hand-held foods (5%) with number-one Uncrustables, and oils (3%) with number-two Crisco.

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