The J.M. Smucker Company (SJM) shares rose in early trading after releasing mixed first quarter earnings results. The company reported earnings that topped analyst estimates, but revenue fell short. J.M. Smucker saw comparable net sales rise by 21 percent, driven by a 13 percent rise in volume during the quarter. The company also raised its full-year profit guidance. Yahoo Finance Live breaks down the company's first quarter results.
) shares rose in early trading after releasing mixed first quarter earnings results. The company reported earnings that topped analyst estimates, but revenue fell short. J.M. Smucker saw comparable net sales rise by 21 percent, driven by a 13 percent rise in volume during the quarter. The company also raised its full-year profit guidance. Yahoo Finance Live breaks down the company's first quarter results.We also got to talk about JM Smucker this morning, though, too.
Perhaps, we can just pull up a quick look at JM Smucker shares, once again, to see how those shares are reacting here for our viewers. They're higher after this report, Rachelle, by about 3.2% right now.And you raise some interesting points here, those comparable net sales. You mentioned Jif peanut butter. I'm not a peanut butter fan. But clearly, millions of people out there are. Also, saw contract manufacturing sales doing well.
And, of course, also their coffee brands. You have to imagine Folgers also doing well for them. When people were trading down trying to save a few bucks, maybe, from that cup of Starbucks when they're trying to tighten their purse strings, Folgers brand has really done very well here as people have been trading down. And especially, people are trying to make some choices.
So for all the Uncrustables fans out there, that's just a little nugget for you to snack on, if you would like.
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