June 4, 2020 / 11:10 AM / a month ago

J.M. Smucker forecasts fiscal 2021 sales to decline up to 2%

June 4 (Reuters) - Jif peanut butter maker J.M. Smucker Co said on Thursday it expected net sales in fiscal 2021 to decrease 1% to 2%, citing a significant and an extended decline in its away-from-home business.

The Orrville, Ohio-based company, which posted a 10% rise in fourth-quarter sales, also forecast fiscal 2021 adjusted earnings per share to be between $7.90 and $8.30. (Reporting by Praveen Paramasivam; editing by Uttaresh.V)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below