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06.06.2019 19:56:00

J.M. Smucker Sees Healthy Profits but Slim Top-Line Growth in Fiscal 2020

J.M. Smucker (NYSE: SJM) ended its fiscal 2019 year with flattish organic growth and lower profits due to a fourth-quarter goodwill impairment charge. In results released Thursday, the company also issued its fiscal 2020 outlook, which envisions fairly decent profitability following its acquisition of Ainsworth Pet Nutrition and the divestiture of its U.S. baking business in calendar 2018. Note that all comparison numbers in the discussion that follows refer to the prior-year comparable quarter.YOY = year over year. Data source: J.M. Smucker.  Image source: Getty Images.Continue reading
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