J.M. Smucker Company (The) (SJM) stock prices updated...
 

J.M. Smucker Company (The) stock price

J.M. Smucker Company (The) latest news:


  • 08/24/2017 14:19:50

    Dow, S&P 500 end lower as grocers get whacked

    U.S.stock-market indexes closed slightly lower Thursday, after spending most of the session without clear direction, as investors focused on a symposium of central bankers in Jackson Hole, Wyo. The S&P 500 closed 5.07 points, or 0.2%, lower at 2,438.97, with consumer-staples shares leading the decline. The sector fell 1.3%. Kroger Co. dropped 8%, while Costco Wholesale Corp declined 5%, after Amazon.com Inc. announced late afternoon that its merger with Whole Foods Market Inc. would be completed as early as Monday and that the organic supermarket chain would offer discounts on items, rattling rival grocers. The Nasdaq Composite index closed 7.08 points, or 0.1% lower, at 6,271.33. The Dow Jones Industrial Average lost 28.69 points, or 0.1%, to 21,783.40. Among other individual performers on Wall Street, J.M. Smucker Co. shares tumbled 9.5% as the foods producer lowered its full-year outlook and its first-quarter earnings missed estimates. The Jackson Hole gathering will feature speeches from European Central Bank President Mario Draghi and Federal Reserve Chairwoman Janet Yellen. Separately, insurer shares took it on the chin as Tropical storm Harvey, headed toward the Gulf Coast, was upgraded to a hurricane, which could increase to a Category 3 storm. Travelers Cos. Inc. shares, a Dow component, was among the blue-chip's worst performers, off 1.3%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/24/2017 14:05:39

    Stocks close lower as investor focus on Jackson Hole symposium

    U.S. stock-market indexes closed slightly lower Thursday, after spending most of the session without clear direction, as investors focused on a symposium of central bankers in Jackson Hole, Wyo. The S&P 500 closed 5.07 points, or 0.2%, lower at 2,438.97 with consumer staples shares leading the losses. The sector fell 1.3%. Kroger Co. dropped 8%, while Costco Wholesale Corp declined 5%. The Nasdaq Composite index closed 7.08 points, or 0.1% lower, at 6,271.33. The Dow Jones Industrial Average lost 28.69 points, or 0.1%, to 21,783.40. Among the worst performers on Wall Street, J.M. Smucker Co. tumbled 9.5% as the foods producer lowered its full-year outlook and its first-quarter earnings missed estimates. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/24/2017 05:29:34

    JM Smucker shares fall 4% premarket after earnings miss

    The J.M. Smucker Co. shares tumbled 4% in premarket trading Thursday, after the company missed earnings estimates for its first fiscal quarter through July 31. The food and beverages company said it had net income of $126.8 million, or $1.12 a share, in the quarter, down from $170.0 million, or $1.46 a share, in the year-earlier period. Adjusted per-share earnings came to $1.51, below the FactSet consensus of $1.62. Sales fell 4% to $1.749 billion from $1.816 billion, also below the FactSet consensus of $1.813 billion. Chief Executive Mark Smucker said results were hurt by lower-than-expected demand for Folgers roast and ground coffee. "We have taken actions to improve our competitive positioning for Folgers," he said in a statement. "As a result, volume trends are improving. The company lowered its full-year EPS guidance to a range of $7.75 to $7.95 from a prior range of $7.85 to $8.05. The FactSet consensus is for $7.95. Shares are down 7.2% in 2017, while the S&P 500 has gained 9.2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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