J.M. Smucker reports Q1 adjusted EPS $1.90, consensus $1.93

Reports Q1 revenue $2.1B, consensus $2.11B. “Our first quarter results exceeded our expectations and reflect the continued momentum of the business. Our teams demonstrated agility throughout the organization, and though the external environment continues to be dynamic we are successfully managing what we can control,” said Mark Smucker, Chief Executive Officer and Chair of the Board. “Our results reflect strong top-line growth, driven by consumer demand for our portfolio of leading brands, and bottom-line results that reflect disciplined cost management and execution.” “Due to the better-than-expected first quarter results and sustained momentum for our portfolio of leading brands, we are raising our net sales expectations for the fiscal year. We remain focused on investing in our key growth platforms which will enable us to deliver long-term growth and increase shareholder value.”