J.M. Smucker Q1 FY2020 Earnings Report August 2019

The J.M. Smucker Company reports first quarter fiscal 2020 results with net sales of $1.78 billion, down 6% year-over-year, and adjusted EPS of $1.58 versus $1.78 in the prior year period. Adjusted gross profit margin improved 90 basis points to 37.7%, while adjusted operating income declined 8% to $291 million.