date:Aug 23, 2018
updated its full-year outlook to reflect the anticipated impact of the divestiture, based on an expected transaction close date of August 31, 2018. In addition, the net sales guidance also reflects lower than anticipated net sales in the first quarter.
In terms of other segments, US Retail Consumer Foods segment net sales decreased US$4.6 million. Excluding the baking business, which is pending divestiture, net sales were comparable to the prior year as volume/mix gains for Smucker's Uncrustab