J.M. Smucker raises guidance on strong volume growth and profitability
Management cites strong volume growth across key brands and improved profitability, alongside innovation and disciplined capital deployment. It raised financial guidance and highlighted debt reduction, dividends, and potential share repurchases.
Management said volume growth across key brands, improved profitability, and higher financial guidance were supported by innovation and marketing. The company said disciplined capital deployment is helping reduce debt, support dividends and allow for potential share repurchases.