J.M. Smucker Enters Definitive Agreement To Sell Its Sahale Snacks Brand To Second Nature Brands In All-Cash Transaction Valued At $34M
Portfolio Pulse from Benzinga Newsdesk
J.M. Smucker has agreed to sell its Sahale Snacks brand to Second Nature Brands for $34M in an all-cash transaction. The deal includes all trademarks and a leased manufacturing facility in Seattle, along with about 100 employees. The company expects the impact of the sale to be immaterial to its adjusted earnings per share on a full-year basis.
September 27, 2023 | 9:03 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
J.M. Smucker's sale of Sahale Snacks to Second Nature Brands is not expected to significantly impact its adjusted earnings per share.
The sale of Sahale Snacks is a significant business move for J.M. Smucker, but the company does not expect it to have a material impact on its earnings. This suggests that while the sale is relevant, it may not significantly affect the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100