The J. M. Smucker Company (SJM) Stock: Why It Increased Over 3% Today

By Amit Chowdhry ● Aug 23, 2022
  • The stock price of The J. M. Smucker Company (SJM) increased by over 3% during intraday trading today. This is why.

The stock price of The J. M. Smucker Company (SJM) increased by over 3% during intraday trading today. Investors are responding to the company’s first-quarter results.

J. M. Smucker had reported a Q1 EPS of $1.67, which was $0.40 higher than analyst estimates of $1.27. And the revenue for the quarter was $1.87 billion compared to the consensus estimate of $1.87 billion.

In terms of guidance, J. M. Smucker expects an FY2023 EPS of between $8.20 and $8.60, compared to a prior figure of $7.85-$8.25. And the company expects sales to go up 4% to 5% compared to a prior estimate of 3.5-4.5%.