J.M. Smucker results boosted by pet food, coffee and snacking
date:Aug 23, 2018
h the primary difference from GAAP results being the exclusion of the US$34.6 million unfavorable change in unallocated derivative gains and losses. After factoring in the increase in SDA expenses, adjusted operating income increased US$15.2 million, or 5 percent.

On July 9, 2018, the company announced the signing of a definitive agreement to divest its US baking business. Full-year projections for this business were included in the company's previous fiscal 2019 guidance. The company has now
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