J.M. Smucker beats by $0.08, reports revs in-line; raises bottom end of FY13 EPS in-line, FY13 rev guidance below consensus Reports Q3 (Jan) earnings of $1.47 per share, excluding non-recurring items, $0.08 better than the Capital IQ Consensus Estimate of $1.39; revenues rose 6.2% year/year to $1.56 bln vs the $1.55 bln consensus. Co issues guidance for FY13, raises bottom end of EPS to $5.17-5.22 from prior guidance of $5.12-5.22 , excluding non-recurring items, vs. $5.21 Capital IQ Consensus Estimate; sees FY13 revs of +6% YoY growth calc to ~$5.86 bln from prior guidance of $5.91 bln vs. $5.93 bln Capital IQ Consensus Estimate.

• The U.S. Retail Coffee segment net sales decreased 2 percent in the third quarter of 2013, compared to the third quarter of 2012, reflecting price declines taken over the past year.
• The U.S. Retail Consumer Foods segment net sales increased 4 percent in the third quarter of 2013, compared to 2012, as the impact of favorable sales mix and higher net price realization offset a 1 percent decline in segment volume.  
• "We went into the important holiday season positioned for growth in many of our categories and are pleased with the results...Our strategy of generating growth through brand-building, innovation, acquisitions, and productivity initiatives made possible solid third quarter and year-to-date results."

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