The J. M. Smucker Company (SJM) CEO Mark Smucker on Q3 2021 Results - Earnings Call Transcript

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Q3: 2021-02-25 Earnings Summary

EPS of $2.45 beats by $0.22
 | Revenue of $2.08B (5.29% Y/Y) beats by $61.58M

The J. M. Smucker Company (NYSE:SJM) Q3 2021 Earnings Conference Call February 25, 2021 8:30 AM ET

Company Participants

Aaron Broholm - Vice President, Investor Relations
Mark Smucker - President and Chief Executive Officer
Tucker Marshall - Chief Financial Officer

Conference Call Participants

Andrew Lazar - Barclays
Chris Growe - Stifel
Faiza Alwy - Deutsche Bank
Ken Goldman - JP Morgan
Rob Dickerson - Jefferies
Robert Moskow - Credit Suisse
Jason English - Goldman Sachs
Alexia Howard - Bernstein

Operator

Good morning, and welcome to The J. M. Smucker Company's Fiscal 2021 Third Quarter Earnings Conference Call. This conference call is being recorded and all participants are in a listen-only mode. We will open the conference up for questions and answers after the prepared remarks. Please limit yourself to two questions during the Q&A session and then re-queue if you have additional questions.

I will now turn the conference over to Aaron Broholm, Vice President, Investor Relations. Please go ahead, sir.

Aaron Broholm

Good morning and thank you for joining us for our fiscal 2021 third quarter earnings conference call. After this brief introduction, Mark Smucker, President and CEO will give an overview of the quarter's results and an update on our strategic initiatives. Tucker Marshall, CFO, will then provide detailed analysis of the financial results and our updated fiscal 2021 outlook.

During today's call, we will make forward-looking statements that reflect our current expectations about future plans and performance. These statements rely on assumptions and estimates and actual results may differ materially due to risks and uncertainties. I encourage you to read the full disclosure concerning forward-looking statements in this morning's press release, which is located on our corporate website at jmsmucker.com.

Additionally, please note we use non-GAAP results to evaluate performance internally, as detailed in the press release. We have posted

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