US food group JM Smucker today (15 February) announced an increase in third-quarter sales, citing the acquisition of Eagle Foods Holdings as an attributing factor.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
For the three months ended 31 January, net sales increased 27% to US$665.4m compared to the third quarter of 2007 and net income saw an increase of 6% to US$42.4m.
The acquired Eagle business contributed US$69.3m in the quarter and the additional acquisition of Carnation condensed milk in Canada and a favourable exchange range also contributed.
“On the strength of our brands, we delivered good growth this quarter,” said Richard Smucker, president and co-chief executive officer. ” We maintain a long-term view on managing our business and are confident in our ability to continue to achieve profitable growth.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
