Nov 28 (Reuters) - J.M. Smucker Co reported lower-than-expected second-quarter sales on Wednesday, hit by lower prices and also cut its full-year profit and sales forecast.
Net income fell to $188.5 million, or $1.66 per share, in the second quarter ended Oct. 31, from $194.6 million, or $1.71 per share, a year earlier.
Net sales rose to $2.02 billion from $1.92 billion, missing analysts’ estimate of $2.05 billion, according to IBES data from Refinitiv. (Reporting by Soundarya J and Ishita Palli in Bengaluru)