The J.M. Smucker Company Sees FY25 EPS Of $9.60-$10.00 Vs. $10.03 Estimate (Prior View: $9.80-$10.20), Expects Net Sales Growth In The Range Of 8.5%-9.5% (Prior View: 9.5%-10.5%)
Portfolio Pulse from Nabaparna Bhattacharya
The J.M. Smucker Company has revised its FY25 EPS guidance to $9.60-$10.00, down from the previous $9.80-$10.20, and below the $10.03 estimate. The company also adjusted its net sales growth forecast to 8.5%-9.5%, down from 9.5%-10.5%.
August 28, 2024 | 11:10 am
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J.M. Smucker Company has lowered its FY25 EPS guidance to $9.60-$10.00, which is below the market estimate of $10.03. The company also reduced its net sales growth forecast to 8.5%-9.5%.
The downward revision in EPS guidance and net sales growth forecast suggests potential challenges in meeting market expectations, likely leading to a negative short-term impact on SJM's stock price.
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RELEVANCE 100