J. M. Smucker Boosts FY24 Adj. EPS Outlook - Update

RTTNews | 717 days ago
J. M. Smucker Boosts FY24 Adj. EPS Outlook - Update

(RTTNews) - While reporting financial results for the first quarter on Tuesday, consumer goods company J. M. Smucker Co. (SJM) raised its adjusted earnings guidance for the full-year 2024, while maintaining annual net sales growth outlook.

For fiscal 2024, the company now projects adjusted earnings in a range of $9.45 to $9.85 per share on a net sales decline of 10.0 to 11.0 percent. On a comparable basis, net sales are expected to increase 8.5 to 9.5 percent, excluding net sales in the prior year related to the divestiture of certain pet food brands.

Previously, the company expected adjusted earnings in a range of $9.20 to $9.60 per share.

On average, 14 analysts polled by Thomson Reuters expect the company to report earnings of $9.39 per share on a sales decline of 10.10 percent to $7.67 billion for the year. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
J. M. Smucker Boosts FY23 Outlook As Q2 Results Top Estimates

J. M. Smucker Boosts FY23 Outlook As Q2 Results Top Estimates

Consumer goods company J. M. Smucker reported Monday that profit for the second quarter declined seven percent from last year, hurt by lower margins, despite high single digit sales growth. However, both adjusted earnings per share quarterly net sales topped analysts' estimates. The company also raised its financial guidance for the full-year 2023.
RTTNews | 997 days ago
NZ Dollar Falls On Soft China Data

NZ Dollar Falls On Soft China Data

The New Zealand dollar weakened against other major currencies in the Asian session on Friday, after China's industrial production and retail sales logged slower growth in July.
RTTNews | 11 minutes ago
NZ Dollar Falls Against Majors

NZ Dollar Falls Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
RTTNews | 58 minutes ago
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Friday, adding the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,900 level, with gains across most sectors led by energy and technology stocks.
RTTNews | 4h 21min ago
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as hotter-than expected US producer price inflation data and a resilient US labor market softened expectations of a higher interest rate cut by the US Fed in September. Traders also remain cautious ahead of the crucial U.S.-Russia talks to end the ongoing three-plus-year Russia-Ukraine war.
RTTNews | 4h 56min ago
Lower Open Predicted For Thai Stock Market

Lower Open Predicted For Thai Stock Market

The Thai stock market has finished lower in two of three trading days since the end of the four-day winning streak in which it had surged almost 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just above the 1,265-point plateau and it figures to remain rangebound again on Friday.
RTTNews | 5h 43min ago