
J.M. Smucker Co. reported a 17% rise in sales, driven by the recent acquisition of Hostess Brands and strong consumer demand for its iconic products. The company exceeded earnings expectations for Q3 and raised its earnings per share guidance. Its Uncrustables frozen sandwiches outperformed expectations, contributing significantly to the company's growth. CEO Mark Smucker highlighted the company's strong comparable net sales and earnings growth, attributing it to sustained consumer demand. The company's stock rose 4.8% in premarket trading following the earnings announcement, with a 6% gain in post-market trading. EPS also beat expectations.
Peanut butter and jelly maker Smucker raised its earnings per shares guidance as its popular Uncrustables frozen sandwiches outperform the company’s expectations https://t.co/F5fn7caipz
$SJM (+4.8% pre) J. M. Smucker’s (NYSE:SJM) Q3 Earnings Results: EPS Beats Expectations, Stock Soars https://t.co/SErDnSau9H
J.M Smucker CEO: "We delivered results that exceeded our expectations,...Our strong comparable net sales and earnings growth were driven by sustained consumer demand for our iconic brands..." $SJM: 6% PM https://t.co/FtVGBfNL93