- Co also lowers Free cash flow guidance to $850 mln vs $875 - $925 mln prior
Friday, November 22, 2019
J.M. Smucker (SJM) reported earnings on Fri 22 Nov 2019 (b/o)
** charts after earnings **
J.M. Smucker beats by $0.12, reports revs in-line; lowers FY20 outlook
Reports Q2 (Oct) earnings of $2.26 per share, $0.12 better than the S&P Capital IQ Consensus of $2.14; revenues fell 3.2% year/year to $1.96 bln vs the $1.97 bln S&P Capital IQ Consensus.
Co lowers guidance for FY20, sees EPS of $8.10-8.30 vs. $8.27 S&P Capital IQ Consensus, and compared to prior guidance of $8.35-8.55; sees FY20 revs of down 3% yr/yr to ~$7.60 bln vs. $7.71 bln S&P Capital IQ Consensus, compared to prior guidance of (-1%) to flat or ~7.76-7.84 bln