J.M. Smucker Watchlist

tz-plus logo J.M. Smucker: Profit jump and forecast upgrade drive the volume

M. Springman
Reading Time: 2 minutes

Outstanding Q1 results: The food company significantly exceeds market expectations with a massive profit growth of over 70 percent. New revenue prospects: A comprehensive upward revision of the annual targets underlines the newly acquired pricing power in the defensive consumer goods segment. Massive trading volume: A surprisingly strong outlook catapults the stock upwards. J.M. Smucker is among the leading food manufacturers in North America, consolidating well-known brands in coffee, sweet snacks, spreads, and pet food under its corporate...

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