J. M. Smucker (SJM) Grew Sales 5% Due to Pricing. Is Volume Growth Broad Enough?

The J. M. Smucker Company (NYSE:SJM) reported a stronger fiscal first quarter and raised its full-year outlook. Net sales increased 5% to $2.22 billion, while company-defined non-GAAP adjusted diluted earnings per share—which excludes amortization, derivative-timing effects, and certain special-project costs—rose 71% to $3.24. Higher net pricing, primarily for coffee, contributed four percentage points of sales […]