Categories AlphaGraphs, Consumer, Earnings
SJM Infographic: Highlights of J.M. Smucker’s Q3 2023 report
The J.M. Smucker Co. (NYSE: SJM) on Tuesday announced third-quarter 2023 financial results, reporting a decline in adjusted profit and an increase in net sales.
At $2.22 billion, third-quarter sales were up 8% year-over-year, reflecting higher sales across all key business divisions except the US Retail Consumer Foods segment which remained unchanged.
Meanwhile, adjusted earnings, excluding special items, declined 5% annually to $2.21 per share. On a reported basis, net income more than doubled to $208.5 million or $1.95 per share.
Check this space to read management/analysts’ comments on quarterly reports
Mark Smucker, the company’s chief executive officer, said, “Looking ahead, we will continue to advance our strategic priorities, which have supported our commitment to enhanced prioritization, improved profitability and product mix, and greater organizational agility, positioning us to deliver consistent top-and bottom-line growth and shareholder value.”
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
QCOM Earnings: Qualcomm Q2 2024 revenue and profit beat Street view
Semiconductor company Qualcomm, Inc. (NASDAQ: QCOM) reported an increase in earnings and revenues for the second quarter of 2024. The numbers came in above analysts' estimates. At $9.39 billion, March-quarter
Key takeaways from Amazon’s Q1 2024 earnings report
Amazon.com Inc. (NASDAQ: AMZN) had an upbeat start to fiscal 2024, delivering strong growth across the business in the first three months of the year. While the cloud segment continues
Key takeaways from Pfizer’s (PFE) Q1 2024 earnings report
Shares of Pfizer Inc. (NYSE: PFE) gained over 5% on Wednesday following the company’s announcement of its first quarter 2024 earnings results. Although the top and bottom line numbers decreased
