SOURCE: Industrial Info Resources

Industrial Info Resources

November 18, 2011 06:30 ET

J.M. Smucker Sees Strong Sales in Fiscal Second-Quarter 2012, but Costs Leave Bad Taste, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Nov 18, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Food industry leader The J.M. Smucker Company (NYSE:SJM) (Orrville, Ohio) saw mixed results in the second quarter of the company's fiscal year 2012, as record quarterly sales growth and the positive effects of net price realization were offset by continuing cost inflation and the loss incurred from the divestiture of a brand. Net income for the quarter was reported to be $127.25 million, a 15.01% decrease from the second quarter of fiscal 2011.

Other companies featured: Sara Lee Corporation (NYSE:SLE)

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