Categories AlphaGraphs, Consumer, Earnings
J.M. Smucker (SJM) Q1 2024 Earnings: Key financials and quarterly highlights
The J.M. Smucker Co. (NYSE: SJM) reported its first quarter 2024 earnings results today.
Net sales decreased 4% year-over-year to $1.80 billion. Comparable net sales increased 21%.
Net income increased 67% to $183.6 million while EPS rose 74% to $1.79 compared to last year. Adjusted EPS grew 32% to $2.21.
Earnings beat estimates while revenue fell short.
For the full year of 2024, net sales are expected to decrease 10-11% year-over-year. Comparable net sales are expected to increase 8.5-9.5%. Adjusted EPS is estimated to range from $9.45-9.85.
The stock gained over 2% in premarket hours on Tuesday following the announcement.
Prior performance
Most Popular
Earnings Preview: Home Depot’s Q3 report likely to reflect weak consumer demand
The US housing industry has been mostly resilient to headwinds like economic uncertainties so far this year. However, housing activity cooled in recent months as high mortgage rates and inflation
Take-Two Interactive (TTWO) will report Q2 2025 earnings this week, a few points to note
Shares of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) stayed red on Monday. The stock has gained 16% over the past three months. The gaming company is set to report its second
Earnings Summary: Highlights of Loews Corporation’s (L) Q3 2024 report
Loews Corporation (NYSE: L), a diversified company with businesses in the insurance, energy, hospitality, and packaging industries, on Monday reported higher revenue and profit for the third quarter of 2024.