J M Smucker Q4 Earnings Top Estimates; Incurs Operation Loss
Portfolio Pulse from Shivani Kumaresan
J M Smucker Co (SJM) reported Q4 FY23 sales growth of 10% YoY to $2.23 billion, beating estimates of $2.17 billion. Adjusted EPS of $2.64 also beat the estimate of $2.37. However, the company incurred an operating loss of $633.5 million. SJM shares are trading higher by 2.15% at $152.16 in premarket.
June 06, 2023 | 1:23 pm
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J M Smucker Co reported better-than-expected Q4 FY23 sales and adjusted EPS, but incurred an operating loss. Shares are trading higher by 2.15% in premarket.
J M Smucker Co's better-than-expected Q4 FY23 sales and adjusted EPS results are likely to have a positive short-term impact on the stock price. However, the operating loss may cause some concern among investors. The stock is already trading higher by 2.15% in premarket, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100