India, June 10 -- Consumer goods company J. M. Smucker Co. (SJM) reported on Tuesday a net loss for the fourth quarter compared to a profit last year, hurt primarily by huge goodwill impairment charges and lower net sales. Adjusted earnings per share topped analysts' estimates, while quarterly net sales missed it. The company also provided weak profit guidance for the full-year 2026.
In pre-market activity on the NYSE, J. M. Smucker shares are tumbling $8.92 or 7.98 percent to trade at $102.90.
"Our fourth quarter and full-year results underscore the demand for our leading brands, the resilience of our business, and our ability to act with speed and agility in a dynamic operating environment," said Mark Smucker, Chief Executive Officer an...