JM Smucker Company (NYSE: SJM) reported second-quarter financial results before the opening bell on Tuesday. The company reported an 11% increase in Q2 net sales to $1.97 billion, beating Wall Street consensus. Net earnings of $2.08 per share also handsomely surpassed what analysts had anticipated.
SJM shares rose 3.3% immediately following the announcement. The stock has increased 11% so far this year.
CEO Mark Smucker said, “We expect continued momentum in the second quarter and are pleased to raise our full-year guidance. We remain confident in our ability to deliver on our fiscal year 2021 goals, advance our long-term strategy, and deliver increased shareholder value.”
