Smucker completes Crisco deal; updates fiscal '21 guidance, 2020-12-02

ORRVILLE, OHIO — J.M. Smucker Co. on Dec. 1 said it now expects full-year fiscal 2021 net sales growth to range from flat to 1% (down from 1% to 2%) and adjusted earnings per share to range from $8.35 to $8.65 (down from $8.55 to $8.85) following the closing of its sale of the Crisco oils and shortening business to B&G Foods, Inc. for $550 million. Meanwhile, Smucker said it is maintaining its free cash flow guidance range of $975 million to $1.025 billion. The . . .
Sales growth and EPS forecasts lowered.

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