J.M. Smucker's Adjusted EPS Jumped 71%. Take Out the Tariff Refund and Here's What the Quarter Actually Looked Like.
The veteran food company managed to considerably fatten several key fundamentals.
Overview
One of the more delicious developments on the stock exchange on Wednesday was the latest quarterly earnings report from J.M. Smucker (NYSE:SJM). The storied food company delivered a convincing beat-and-raise quarter, but this was tempered somewhat by a large one-off payment from the U.S. federal government.
Still, there's much that was impressive about Smucker's opening frame of its new fiscal year. Let's sit at the table, grab some utensils, and tuck into this one.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.