Smucker Lowers Sales Outlook as It Expects Weakness in Pet Food - Wall Street Journal

Smucker Lowers Sales Outlook as It Expects Weakness in Pet Food - Wall Street Journal

J.M. Smucker Co. said it expects net sales to fall 3% this fiscal year, worse than it was previously expecting.

Smucker, whose food lineup includes it eponymous jelly brand to Milk-Bone dog snacks, had guided for its net sales to be between flat and down 1%.

The company said it expects net sales on a comparable basis to slump 2% and that...