J.M. Smucker

J. M. Smucker reported adjusted Q1 earnings of $3.24 per share (expectation $2.21) and revenue of $2.2 billion (expectation $2.12 billion), after which the stock rose about 4.2% in premarket trading to $130.70. Results were partly helped by tariff refunds of $0.84 per share; management is reinvesting part of that into marketing and production preparation for the McCalla plant. Uncrustables remains the main growth driver, now expected to grow in the high single-digit percentage range, and the company reached its 3x debt target earlier than planned, creating room for share buybacks. » Altro su de.investing.com

J.M. Smucker named Jeff Varcoe senior vice president, science and technical excellence, effective Monday. Varcoe will report to Rob Ferguson and will be responsible for operational excellence in technical disciplines, product quality, compliance and innovation. Since 2023 he served as vice president of quality assurance and food safety at Smucker and brings more than 25 years of experience in the food industry, including 21 years at The Schwan Food Company. » Altro su de.investing.com

At the annual general meeting, a dividend of $4.40 per share for 2026 was approved, bringing the total payout to $464.70 million and representing an increase of about 2.04% versus the previous year. Based on the closing price of $118.79, the dividend yield is 4.49%, up from 3.72% a year earlier. FactSet analysts expect a slight increase to $4.44 for 2027, which would lower the estimated yield to 3.74%. For 2026, J M Smucker reported revenue of $9.051 billion and earnings per share of -$1.30; market capitalization stands at around $12.569 billion. » Altro su finanzen.net