J.M. Smucker reports Q2 adjusted EPS $2.59, consensus $2.47

Reports Q2 revenue $1.94B, consensus $1.95B. “Our second quarter results reflect the continued demand for our iconic brands, our focus on executing with excellence, and the talent of our employees,” said Mark Smucker, Chair of the Board, President and CEO. “Our continued business momentum gives us confidence in our ability to achieve our sales and earnings expectations for this fiscal year. We also advanced our portfolio reshape activities, including the acquisition of the Hostess sweet baked snacks and Voortman cookie brands. We are confident in our ability to capitalize on synergies and growth opportunities across snacking, while also continuing to support our other growth platforms in coffee and pet. Our transformed portfolio improves our ability to deliver long-term sustainable growth and shareholder value.”