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The J.M. Smucker Company

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J.M Smucker posted better-than-expected earnings of $1.76 per share in the third quarter of fiscal 2016. Earnings also increased 14% from the prior-year quarter owing to impressive top-line growth and improvement in operating profits also aided earnings growth. Net sales missed the consensus mark but increased 37% year over year benefiting from the Big Hearts acquisition, Dunkin' Donuts K-Cup pods and U.S. canned milk divestiture. Overall, we are encouraged by the acquisition of thw pet food business and canned milk divestiture, which is expected to drive much of the profit growth in 2016. The company also expects Dunkin’ Donuts K-cup pods and lower coffee costs to add to the profits. However, continued weakness in the Canadian dollar remains a concern.

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