The J. M. Smucker Company Announces Unaudited Consolidated Earnings Results for the Three Months and Six Months Ended October 31, 2018; Provides Earnings Guidance for the Full Year Fiscal 2019
For the six months, the company reported net sales of $3,924.0 million against $3,672.5 million a year ago. Operating income was $557.4 million against $567.3 million a year ago. Net income was $321.4 million against $321.4 million a year ago. Net income per common share was $2.83 against $2.83 a year ago.
For the full-year fiscal 2019, the company expects net sales to be $7.9 billion against previous guidance of $8 billion. The company expects adjusted earnings per share to be in the range of $8 to $8.20 against previous guidance range of $8.40 to $8.65.