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J.M. Smucker Reports Earnings on Thursday; Here’s What Jim Cramer Is Watching

June 7, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer awaits quarterly results from The J.M. Smucker Company , released on Thursday before the markets open. ‘That stock got hit because people thought the economy is overheating and as soon as you get a situation where an employment number is only 38,000, people circle back to that,’ he said. ‘The super packaged goods group is back.’ The company is expected to report profit of $1.20 a share on sales of roughly $1.7 billion. During the same quarter a year ago, profit stood at $0.98 a share with sales of $1.45 billion.

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