SJM reports Q2 earnings of $51.5 million (this figure is a $1.3 million increase from last year's Q2), and a 19% increase in sales. They believe this is attributable to a far greater number of meals being prepared at home.
Smucker's approved a buyback for up to 5 million of its common stock shares. This may have have taken as a sign of confidence by investors, because the stock price rose 38 cents on that day. Source: http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-22441141.htm
