J.M. Smucker Reports Strong Fourth-Quarter Earnings and Plans for Future Growth
J.M. Smucker reported strong fourth-quarter earnings, surpassing estimates for both adjusted EPS and revenue. The company’s CEO highlighted the demand for its brands and successful acquisition of Hostess Brands, positioning it for long-term growth. Looking ahead to fiscal year 2025, J.M. Smucker plans to invest in its brands, capabilities, and employees to drive continued success and enhance shareholder value.
Stock Market Movements and Institutional Investments
The stock market saw some notable movements today, with the S&P 500 closing at 4,900.88, up by 0.20%, and the Dow at 38,115.22, up by 0.02%. Tech giants like Apple (AAPL) and Microsoft (MSFT) experienced slight fluctuations, with AAPL dropping…