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
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
