J.M. Smucker: 'We are emerging from the pandemic a much stronger company'
Working against tough-to-beat comparables from the previous year when consumers were in full pantry-loading mode, J.M. Smucker reported an 8% decline in net sales to $1.92bn in Q4 2021 compared to the same period last year.
Excluding the divestitures of
For the full year ending April 30, 2021, net sales were up 3% to $8bn.
“We believe the business is at an inflection point, and we’re delivering against our strategic and executional plans. We are emerging from the pandemic, a much stronger company,” said president and CEO Mark Smucker on an earnings call with analysts.