SJM - J.M. Smucker gains after strong Q4 earnings guidance lift

J.M Smucker (SJM) trades higher after topping Q4 earnings estimates and issuing favorable guidance. The food company guides for revenue growth of +2% vs. a prior range of 0% to +1% and +0.8% consensus. EPS of $8.70 to $8.90 is anticipated vs. $8.74 consensus. Outlook: "The COVID-19 pandemic continues to impact financial results and cause uncertainty for the full-year fiscal 2021 outlook. Changes in consumer purchasing behavior, retailer inventory levels, macroeconomic conditions, and any manufacturing or supply chain disruption could materially impact actual results. This guidance reflects expectations based on the Company's current performance and understanding of the overall environment." J.M. Smucker is up 1.89% to $115.36 after the earnings topper.

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J.M. Smucker gains after strong Q4 earnings, guidance lift