The Latest Breaking News from SJM

J M Smucker Co (NYSE:SJM) reported fourth-quarter FY22 sales growth of 6% year-on-year to $2.03 billion, beating the consensus of $1.98 billion. Net sales excluding divestitures and foreign currency exchange increased 9%. Adjusted EPS of $2.23 beat the analyst consensus of $1.88. Gross profit decreased 9% Y/Y to $666.7 million and the gross…

Despite rising food prices, strong demand for packaged foods with longer shelf life should allow food makers to pass over rising input costs to customers and profit substantially. Therefore, we think Kellogg (K) and J. M. Smucker (SJM) should benefit. But which of these stocks is a better buy now?…

Reported cases of missing migrants in Mexico jumped nearly fourfold in 2021 from 2020, as the country struggles to stem the flow of undocumented people from Central America to the United States, according to a report released Wednesday.

Given the current, bearish market owing to federal interest rate hikes, a prospective recession, and historically high inflation, Wall Street analysts believe the stocks of fundamentally weak companies J. M. Smucker (SJM), Kimberly-Clark (KMB), and Annaly Capital Management (NLY) are heading lower in price in the near term. Let’s discuss.