Re: J.M. Smucker raises sales outlook due to coronavirus-led stockpiling
Many products from different companies have experience this rush to stockpile supplies.
Some of these supplies will be consumed or used no faster than if bought over time. Jam and Peanut Butter or Coffee fits this plan. So herd rush to buy before it is off the shelves run up the sales in one quarter.... only to affect the next quarter with lack of sales . Over the annual reports it will all balance out. The current estimate by SJM would indicate a 13-15 P/E. That might be on the high end of the range. Would help if the dividend yield become more generous. Current yield is 3.30%. about in the middle of the yield range when compared to its peers.