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Jan 31, 2020
Smucker Q3 2020 Earnings Report
Smucker's third quarter results were in line with expectations, benefiting from strategic investments and decisive actions to improve business areas.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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