The Orrville, Ohio-based company, a maker of jams and jellies, reported fourth-quarter sales of $1.9 billion, a 6.8% year-over-year increase, and adjusted earnings of $2.08 per share. Analysts polled by FactSet were expecting the company to report revenue of $1.929 billion and earnings of $1.95 per share.
The company forecast full-year adjusted earnings between $8.45 and $8.65 per share, above analyst's calls of $8.33.
"We are pleased with the progress that we made during the year towards executing against our strategic plan, which supported fourth quarter adjusted earnings growth of 8% and full-year adjusted earnings growth of 4%," said CEO Mark T. Smucker. "As we transition to fiscal year 2020, our organization is committed to delivering on its growth imperatives to lead in the best categories, build brands consumers love, and be everywhere our consumers want us to be."
Smucker shares fell 0.8% in trading Thursday to $124.28.