Lucy Nieves
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Coffee Profits Continue To Give A Jolt To Deutsche's View On Smucker

Mario Contreras of Deutsche Bank previewed in a research note on Thursday J M Smucker Co 's upcoming first-quarter results.

Contreras is expecting the company to earn $1.82 per share, which is ahead of the consensus estimate of $1.74 and marks an increase from the $1.60 the company earned a year ago. The analyst stated that he views Smucker "favorably" ahead of the print given its "solid" profitability in its coffee segment and cost savings progress.

On the other hand, Smucker's pet segment remains "challenged" but the broader pet category is "attractive" on a long-term basis.