The J.M. Smucker Company (NYSE:SJM) shares are trading lower on Wednesday.
The company reported first-quarter adjusted earnings per share of $2.44 (+10% Y/Y), beating the analyst consensus estimate of $2.17. Quarterly sales of $2.125 billion (+18% Y/Y) slightly missed the Street view of $2.133 billion.
“These results are driven by the focus we have established and progress we have made in delivering our core business, successfully integrating Hostess Brands, and achieving our goals for transformation, cost discipline, and cash generation,” said Mark Smucker, Chair of the Board, President and Chief Executive Officer.
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