J.M. Smucker (SJM) in Pivotal Point Check: Coffee Boom and Uncrustables Hype - US Food Manufacturer Becomes a Defensive Rally Candidate!
Reading Time: 3 minutes
Quarterly results exceed expectations: Adjusted earnings per share and revenue are significantly above analyst estimates. Strong pricing power in coffee: Price adjustments in the coffee segment compensate for rising raw material costs and drive revenue. Agreement with activist Elliott: The appointment of new board members fosters confidence in future operational improvements. J.M. Smucker is a traditional US food manufacturer focused on coffee, pet food, and snacks. On Thursday, February 26, the stock jumped by nearly 9% on high volume...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
