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J M Smucker Co (SJM.N)

SJM.N on New York Stock Exchange

114.01USD
20 Nov 2017
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Thu, Nov 16 2017

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Smucker brews up strong earnings, sees lower coffee costs in 2018

Coffee maker J.M. Smucker Co delivered strong quarterly earnings on Thursday and said inflated costs to buy coffee beans, which have dented profits this year, may fall in 2018.

UPDATE 3-Smucker brews up strong earnings, sees lower coffee costs in 2018

* Shares up nearly 10 percent (Adds quote from CFO, coffee bean price forecast and updates share move)

BRIEF-Smucker on conf call- Will have a greater benefit from lower green coffee cost in Q4

* Had Q2 double-digit sales increases for Nature's Recipe, Dunkin' Donuts and Jif, and high single digit growth for Uncrustables‍​

BRIEF-The J. M. Smucker says qtrly ‍net income per share $1.71​

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

J.M. Smucker's profit rises 10 pct in second quarter

Nov 16 Folgers coffee maker J.M. Smucker Co's profit rose 10 percent in the second quarter, as it reined in costs and benefited from higher prices for products such as Jif peanut butter.

BRIEF-J M Smucker sets dividend of $0.78 per share

* Sets dividend of $0.78 per share Source text for Eikon: Further company coverage:

BRIEF-J M Smucker files for potential mixed shelf

* J M Smucker Co files for potential mixed shelf; size not disclosed - SEC filing ‍​ Source text for Eikon: (http://bit.ly/2xAMsE5) Further company coverage:

BRIEF-J M Smucker Co - ‍ on September 1, co and its subsidiary, entered into that certain revolving credit agreement - SEC filing​

* J M Smucker Co - ‍ on September 1, co and its subsidiary, entered into that certain revolving credit agreement - SEC filing​

Smucker first-quarter profit hit by sliding coffee sales; stock tumbles

J.M. Smucker Co trimmed its earnings forecast for the year as it reported lower-than-expected profits for the first quarter of its fiscal year on Thursday, citing weak volumes for its Folgers coffee brand.

UPDATE 2-Smucker 1st-qtr profit hit by sliding coffee sales; stock tumbles

Aug 24 J.M. Smucker Co trimmed its earnings forecast for the year as it reported lower-than-expected profits for the first quarter of its fiscal year on Thursday, citing weak volumes for its Folgers coffee brand.

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