Q2 marks J.M.Smucker’s third consecutive quarterly results miss

In its third consecutive quarterly results miss, J. M. Smucker Company (SJM) Wednesday reported second-quarter earnings of $2.17 per share, which came below analysts’ expectation of $2.35 per share. Net sales rose 5% to $2.02 billion, but it missed the Street consensus of $2.05 billion. Excluding the impact from Ainsworth acquisition, net sales declined 1% driven … Continue reading Q2 marks J.M.Smucker’s third consecutive quarterly results miss