date:Aug 22, 2013
Net income of The J.M. Smucker Co. in the first quarter ended July 31 was $126.6 million, equal to $1.19 per share on the common stock, up 14% from $110.9 million, or $1 per share, in the same quarter in 2012. Net sales were $1,350.9 million, down 1%.
Excluding special items, such as restructuring, merger and integration costs, and other special project costs, income was up 2%.
Richard K. Smucker, chief executive officer, cast the results in a positive light.
There is clearly momentum across