J.M. Smucker Co.
Coverage of J.M. Smucker Co. in the Nexus archive.
- Wall Street points to modest gains in a rebound from last week as oil prices slip
Wall Street indices pointed to modest gains as oil prices fell following a sell-off last week. Futures for the S&P 500 and Nasdaq rose, while airlines saw stock increases due to reduced fuel costs amid elevated oil prices linked to Middle East conflict. The U.S. government will release inflation data this week, with analysts expecting no immediate Federal Reserve rate cuts.
- Smucker Profit Tops Expectations, Buoyed by Coffee Prices
J.M. Smucker Co.'s profit exceeded expectations, primarily driven by higher coffee prices. The company's Smucker's Fruit & Honey brand fruit spread is among its products.
- Smucker: Fiscal Q4 Earnings Snapshot
J.M. Smucker Co. reported fiscal Q4 net income of $388.1 million, with adjusted earnings per share of $2.77, exceeding analyst expectations. Annual results showed a loss of $138.7 million, but the company projects full-year earnings between $9.75 and $10.25 per share.