MarketWatch
Folgers parent J.M. Smucker tops earnings estimates and offers upbeat guidance
J.M. Smucker Co. said Thursday it had net income of $147 million, or $1.35 a share, in its fiscal first quarter to April 30, down from $226.3 million, or $1.98 a share, in the year-earlier period. The parent of brands including Folgers coffee said adjusted per-share earnings came to $1.89, well ahead of the $1.67 FactSet consensus. Sales fell 8% to $1.920 billion from $2.092 billion, also ahead of the $1.878 billion FactSet consensus. “Our strong financial results reflect sustained elevated dema
