J.M. Smucker raises guidance on 'unprecedented' consumer demand
A run on jelly during the coronavirus pandemic has created "unprecedented customer and consumer demand" in the U.S. and Canada, prompting J.M. Smucker Co. to raise guidance for the company's fiscal year ending on April 20. It now expects net sales to be down 1% rather than 3% as it previously said. At the same time, the company said adjusted earnings per share will top the high end of its previous guidance range of $8.10 to $8.30 per share. J.M. Smucker shares are flat over the last 12 months. Читать дальше...