Smucker Q3 2020 Earnings Report
Key Takeaways
Smucker Company announced its Q3 2020 results with net sales decreasing by 2 percent, primarily due to declines in the U.S. Retail Pet Foods segment. Adjusted earnings per share increased by 4 percent, and free cash flow was strong at $465.1 million. The company reaffirmed its full-year fiscal 2020 outlook for net sales, adjusted earnings per share, and free cash flow.
Net sales decreased by 2 percent, mainly due to anticipated declines in the U.S. Retail Pet Foods segment.
Net income per diluted share was $1.64, while adjusted earnings per share increased by 4 percent to $2.35.
Cash from operations increased by 24 percent to $521.6 million.
Free cash flow for the quarter was $465.1 million, compared to $333.0 million in the prior year.
Smucker
Smucker
Smucker Revenue by Segment
Forward Guidance
The Company reaffirmed its full-year fiscal 2020 net sales, adjusted earnings per share, and free cash flow guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income