the jm smucker co sjm posted strongerthanexpected earnings for its sical third quarter on tuesday but lowered guidance to reflect continued supply chain issues and inflationary pressure orrville ohiobased smucker posted net income of 697 million or 64 cents a share for the quarter to jan 31 down 73 from 2615 million or 232 a share in the yearearlier period the decline was mostly due to a noncash intangible asset impairment charge in the us retail pet foods segment adjusted pershare earnings came to 233 above the 209 factset consensus sales fell 1 to 2057 billion from 2077 billion a year ago also above the 2043 billion factset consensus smuckers brands include folgers coffee café bustelo jif and milkbone looking ahead we are navigating a dynamic environment led by cost inflation and supply chain disruptions chief executive mark smucker said in a statement we expect these pressures to continue in the fourth quarter the company is now expecting fiscal 2022 sales to be down 15 to down 05 compared with previous guidance for down 1 to flat it expects adjusted eps of 835 to 865 compared with prior guidance of 835 to 875 the factset consensus is for eps of 900 shares fell immediately after the numbers were released before recouping their losses they have gained 20 in the last 12 months while the sp 500 spx has gained 12