M. Smucker Company is a leading food and beverage manufacturer known for its diverse portfolio of products that includes popular brands in coffee, peanut butter, fruit spreads, and pet food. With a commitment to quality and innovation, the company caters to a wide range of consumer preferences, focusing on delivering exceptional taste and convenience through its various offerings. J.M. Smucker also engages in sustainability initiatives and community support, striving to enhance the lives of its customers while maintaining a responsible approach to business.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at BellRing Brands (NYSEBRBR) and the best and worst performers in the shelf-stable food industry.
Packaged foods company J.M Smucker (NYSESJM) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 17.2% year on year to $2.27 billion. Its non-GAAP profit of $2.76 per share was 10.2% above analysts’ consensus estimates.
Over the past six months, J. M. Smucker’s stock price has fallen to $107.20. Shareholders have lost 6.2% of their capital, highly disappointing when considering the S&P 500 has climbed 10.7%. This may have investors wondering how to approach the situation.
Companies warn of cautious consumers due to high inflation, impacting sales of even small items. Smucker's highlights lower spending at convenience stores.
