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What’s Hurting SJM Stock despite Solid Sales and EPS Growth?

What’s Hurting SJM Stock despite Solid Sales and EPS Growth?

The J.M. Smucker Company (SJM) reported strong net sales and earnings in its last reported quarter. The company’s acquisition of Ainsworth significantly boosted its net sales growth rate. Meanwhile, its adjusted earnings jumped 17.9% year-over-year driven by a substantial fall in the effective tax rate.