J.M. Smucker (SJM) reported earnings Thur 19 Nov 2015 (b/o)

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** charts after earnings **

 

J.M. Smucker beats by $0.11, reports revs in-line; raises low end of FY16 EPS guidance, reaffirms FY16 revs guidance :

• Reports Q2 (Oct) earnings of $1.62 per share, $0.11 better than the Capital IQ Consensus of $1.51; revenues rose 40.2% year/year to $2.08 bln vs the $2.07 bln Capital IQ Consensus.
• Co issues guidance for FY16, sees EPS of $5.70-5.80 (Prior guidance $5.65-5.80) vs. $5.75 Capital IQ Consensus Estimate; sees FY16 revs of $7.9 bln vs. $7.88 bln Capital IQ Consensus Estimate.
• Smucker's also reaffirmed its FY16 CapEx outlook of $220 mln, and raised its FY16 FCF guidance from $900 mln to $925 mln