JM Smucker Sees Profit Pressure But Raises Annual Sales Outlook

The J.M. Smucker Company (NYSE:SJM) shares are trading lower on Wednesday.

The company reported first-quarter adjusted earnings per share of $1.90, missing the analyst consensus estimate of $1.93.

Quarterly sales of $2.113 billion (down 1% year over year) missed the Street view of $2.115 billion.

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“Our teams demonstrated agility throughout the organization, and though the external environment continues to ...