J. M. Smucker Company Q1 2021 net sales increasedChristian Fernsby ▼ | August 25, 2020
The J. M. Smucker Company announced results for the first quarter ended July 31, 2020, of its 2021 fiscal year.
J. M. Smucker Company Net sales increased $192.9 million, or 11 percent
Topics: J. M. Smucker
Free cash flow was $332.4 million, compared to $148.5 million in the prior year.
Gross profit increased $75.8 million, or 11 percent, driven by the increased contribution from volume/mix and lower costs, partially offset by an unfavorable change in unallocated derivative gains and losses as compared to the prior year. ■