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More on J.M. Smucker's FQ2

Published 11/17/2016, 07:38 AM
More on J.M. Smucker's FQ2
SJM
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  • J.M. Smucker (NYSE:SJM) reports net sales dropped 5% in FQ2, excluding divestiture and foreign currency exchange.
  • Revenue by segment: U.S. Retail Coffee: $551.8M (-6%); U.S. Retail Consumer Foods: $557.3M (-13%); U.S. Retail Pet Foods: $531M (-6%); International and Foodservice: $273.8M (-3%).
  • Adjusted gross margin rate improved 190 bps to 39.6%.
  • Adjusted operating margin rate increased 170 bps to 20.7%.
  • EBITDA margin grew 130 bps to 21.5%.
  • FY2017 Guidance: Net sales: -2% to -3%; Diluted EPS: $5.85 to $6; Adjusted non-GAAP EPS: $7.60 - $7.75; Tax rate: 33%; Shares outstanding: 116.6M; Free cash flow: $1B; Capex: $240M.


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