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Stock Market & Financial Investment News

News Breaks
June 5, 2014
07:05 EDTSJMJ.M. Smucker says it will no longer elect to qualify commodity, forex derivative
Additionally, the company has modified its segment profit calculation and redefined non-GAAP income and income per share measures to exclude gains and losses on commodity and foreign exchange derivatives until the related inventory is sold. The company believes this change more accurately aligns the derivative gains and losses with the underlying exposure being hedged and allows the realization of the economic effect of the derivative without the mark-to-market volatility within segment profit and non-GAAP income and income per share.
News For SJM From The Last 14 Days
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October 17, 2014
17:16 EDTSJMJ.M. Smucker authorizes 5M additional share repurchases
The Board increased the company's share repurchase authorization by 5M common shares. Therefore, the company has a total of approximately 10M common shares available for repurchase under its Board authorizations. Future share repurchases will occur at management's discretion, and there is no guarantee as to the exact number of shares that will be repurchased.

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