Sumary of J.M. Smucker Company’s (NYSE: SJM) Q2 results are not without issue but what issues there are can be overlooked in favor of…:
- You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media.
- Smucker Company was one of the more-attractive consumer staples companies before the report due to its value and yield.
- On a segment basis, a -1.0% decline in Pets and a -8.0% decline in Consumer Foods was more than offset by an 8% increase in Coffee and a 4% increase in International/Food Away.
- The higher-valued consumer staples are trading closer to 25X to 30X their earnings compared to only 19X for the J.