trending Market Intelligence /marketintelligence/en/news-insights/trending/AaenzC2mbQCx67zNZTeIKQ2 content esgSubNav
In This List

J. M. Smucker fiscal Q3 profit falls YOY

blog

Are transshipment hubs facilitating the movement of Western-made components to Russia

Blog

Points Of No Return: Loyalty Ventures Inc.’s Financial Tailspin

Podcast

MediaTalk | Season 2
Ep.8 The Masters Returns

Case Study

A Sports League Maximizes Revenue from Media Rights


J. M. Smucker fiscal Q3 profit falls YOY

J. M. Smucker Co. said its normalized net income for the fiscal third quarter ended Jan. 31 amounted to $1.54 per share, compared with the S&P Capital IQ consensus estimate of $1.51 per share.

In the prior-year period, the per-share result came in at a profit of $1.53.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $155.7 million, a decrease from $159.5 million in the prior-year period.

The normalized profit margin declined to 10.6% from 10.9% in the year-earlier period.

Total revenue fell year over year to $1.44 billion from $1.47 billion, and total operating expenses decreased year over year to $1.17 billion from $1.19 billion.

Reported net income decreased from the prior-year period to $159.9 million, or $1.58 per share, from $165.4 million, or $1.59 per share.