J.M. Smucker, the manufacturer of packaged food products such as sweet baked snacks and pet food, saw its stock price plummet by 15.59% after reporting mixed quarterly earnings. The company’s profit is expected to decline in its current fiscal year, with the greatest weakness seen in its pet food segment.
Source: https://www.barrons.com/articles/smucker-earnings-sjm-stock-price-6c908a90