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BRIEF-The J.M. Smucker Co posts Q1 adj. EPS of $1.51
August 24, 2017 / 11:13 AM / 4 months ago

BRIEF-The J.M. Smucker Co posts Q1 adj. EPS of $1.51

Aug 24 (Reuters) - J M Smucker Co

* The J.M. Smucker Company announces fiscal 2018 first quarter results

* Qtrly net income per diluted share decreased 23 percent to $1.12

* Qtrly adjusted earnings per share was $1.51, a decrease of 19 percent

* Qtrly net sales $1,748.9 ‍​ million versus $1,815.8 million

* Qtrly u.s. Retail coffee sales $480.8 ‍​ million versus $513.3 million

* Sees FY 2018 adjusted earnings per share $7.75 - $7.95

* Sees 2018 capital expenditures of $310 million

* Qtrly U.S. retail consumer foods sales $492.4 ‍​ million versus $537.0 million

* Sees FY 2018 capital expenditures $310 million

* Q1 earnings per share view $1.62, revenue view $1.81 billion -- Thomson Reuters I/B/E/S

* FY 2018 net sales are expected to be down slightly compared to prior year

* Sees 2018 free cash flow of $775 million

* FY 2018 earnings per share view $7.96 -- Thomson Reuters I/B/E/S

* Lowered midpoint of its full-year fiscal 2018 adjusted earnings per share guidance range by approximately 1 percent Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)

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