Key Developments: J. M. Smucker Co (SJM)
102.38USD
19 Jun 2013
$-1.28 (-1.23%)
$103.66
$103.50
$103.76
$102.31
744,289
531,750
$105.18
$73.20
Latest Key Developments (Source: Significant Developments)
J. M. Smucker Co Issues FY 2014 Guidance; EPS Guidance Slightly Below Analysts' Estimates
J. M. Smucker Co announced that for fiscal 2014, it expects net sales to be comparable to 2013 reflecting the full-year impact of price declines taken in 2013 and Non-GAAP net income per diluted share is expected in the range of $5.65 to $5.75. The Company reported revenue of $5.898 billion in fiscal 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $5.982 billion and EPS of $5.76 for fiscal 2014. Full Article
J. M. Smucker Co Declares Dividend
J. M. Smucker Co announced that it has declared a $0.52 per share dividend on the common shares of the Company to be paid on June 3, 2013, to shareholders of record at the close of business on May 17, 2013. Full Article
J. M. Smucker Co Updates FY 2013 Guidance
J. M. Smucker Co announced that for fiscal 2013, the Company expects net sales to increase over 6 percent, compared to 2012, including an incremental eight-month contribution from the Sara Lee foodservice business. Non-GAAP net income per diluted share is expected to range from $5.17 to $5.22, which excludes special project costs of approximately $0.40 per diluted share. Previously, the range was $5.12 to $5.22 per diluted share excluding special project costs. Full Article
J. M. Smucker Co Declares Dividend; Authorizes Repurchase of Additional Shares
J. M. Smucker Co announced that it declared a $0.52 per share dividend on the common shares of the Company to be paid on March 1, 2013, to shareholders of record at the close of business on February 15, 2013. In other actions, the Board increased the Company's share repurchase authorization by five million common shares. The Company has approximately two million common shares remaining available for repurchase under its January 2012 Board authorization. Full Article
J. M. Smucker Co Reaffirms FY 2013 Revenue Guidance; Raises FY 2013 EPS Guidance
J. M. Smucker Co announced that for fiscal 2013, it expects net sales to increase approximately 7%, non-GAAP net income per diluted to range from $5.12-$5.22. The Company reported revenue of $5.525 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $5.946 billion and EPS of $5.20 for fiscal 2013. Full Article
J. M. Smucker Co Declares Dividend
J. M. Smucker Co announced that the Board of Directors declared a $0.52 per share dividend on the common shares of the Company to be paid on December 3, 2012, to shareholders of record at the close of business on November 16, 2012. Full Article
J. M. Smucker Co Reaffirms FY 2012 Guidance-Conference Call
J. M. Smucker Co reaffirmed fiscal 2012 guidance and expects net sales to increase approximately 7% and non-GAAP income per diluted share (EPS) is expected to range of $5.00-$5.10. The Company reported revenue of $5.525 billion in fiscal 2012. Full Article
J. M. Smucker Co Reaffirms FY 2013 Guidance
J. M. Smucker Co announced that it continues to expect net sales to increase approximately 7%, compared to fiscal 2012, including an incremental eight-month contribution from the Sara Lee foodservice business, non-GAAP income per diluted share is expected to range from $5.00-$5.10, excluding special project costs of approximately $0.50 per diluted share. The Company reported revenue of $5.525 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $5.889 billion and EPS of $5.10 for fiscal 2013. Full Article
The J.M. Smucker Company Announces Dividend Increase
The J.M. Smucker Company announced that the Board of Directors has approved an increase in the quarterly dividend from $0.48 to $0.52 per common share, an increase of approximately 8%. The dividend will be paid on September 4, 2012, to shareholders of record at the close of business on August 10, 2012. Full Article
The J.M. Smucker Company Issues FY 2013 Guidance; EPS Guidance Below Analysts' Estimates
The J.M. Smucker Company announced that for fiscal 2013, it expects net sales to increase approximately 7%, compared to 2012, including an incremental eight-month contribution from the Sara Lee foodservice business, non-GAAP income per diluted share to range from $5.00 to $5.10, excluding special project costs of approximately $0.50 per diluted share. The Company reported revenues of $5.525 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $5.8 billion and EPS of $5.23 for fiscal 2013. Full Article
Peanut costs to weigh on Smucker's margins in first half
- J.M. Smucker Co , maker of Folgers coffee and Jif peanut butter, forecast a full-year adjusted profit largely below market estimates as it failed to benefit from a drop in peanut prices because of long-term contracts signed at higher prices.
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