(Source: Datamonitor)
The JM Smucker, a retailer of food products, has reported a net income of $94.27 million, or $0.80 per diluted share, for the fourth quarter ended April 30, 2009, a 154% increase compared to $37.05 million, or $0.67 per diluted share, in the fourth quarter of fiscal 2008.
For the fourth quarter of fiscal 2009, net sales were $1.07 billion, an 81% increase compared to $590 million in the fourth quarter of fiscal 2008.
For the year ended April 30, 2009, net sales were $3.76 billion, a 49% increase compared to $2.52 billion in fiscal 2008. Net income was $265.95 million, a 56% increase compared to $170.38 million for fiscal 2008.
Tim Smucker, chairman and co-CEO of The JM Smucker, said: "In a year when the economy and external events presented a significant challenge, we are gratified to have achieved another record year of sales and earnings. Our core business continues to produce solid results and the recently added coffee business's performance has exceeded our expectations."
A service of YellowBrix, Inc.
