The J.M. Smucker Co. (NYSE: SJM) reported third quarter 2024 earnings results today.
Net sales increased 1% year-over-year to $2.23 billion. Comparable sales increased 6%.
Net income decreased 42% to $120.4 million, or $1.13 per share, compared to last year. Adjusted EPS increased 12% to $2.48.
Revenue and earnings beat expectations, sending the stock rising over 4% in premarket hours on Tuesday.
For the full year of 2024, the company expects comparable sales to increase 8.75% versus last year. Adjusted EPS is expected to be $9.45-9.65.