From Stock Story Media.:

Packaged foods company J.M Smucker (NYSE:SJM) reported Q3 FY2024 results in line with analyst expectations, with revenue at $2.23 billion and a non-GAAP profit of $2.48 per share. The company’s sales volumes were up 4% year on year, with a market capitalization of $13.29 billion. J. M. Smucker’s revenue growth has been flat over the last three years, but Wall Street expects a 9.9% increase in sales over the next 12 months. While the company’s quarterly sales volumes have remained stable, in Q3 2024, sales volumes increased by 4% year on year. Overall, it was a mixed quarter for J. M. Smucker, with the stock trading at $124.71 per share. Find out if now is the time to invest in J. M. Smucker by accessing their full research report for free.

The packaged foods industry emerged in response to the demands of an industrialized America seeking convenience. J. M. Smucker, known for its fruit jams and spreads, is a resilient investment with consistent demand tied to changing consumer preferences. The company’s well-known brand influence helps it maintain customer mindshare, but its revenue growth has been stagnant, prompting a 9.9% sales increase expectation over the next 12 months. J. M. Smucker’s focus on volume growth led to a 4% year-on-year increase in sales volumes in Q3 2024, showing positive momentum for the company.



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