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Smuckers stock hits 52-week low after ABC7 finds euthanasia drug in dog food

Smuckers stock hits 52-week low after ABC7 finds euthanasia drug in dog food. (ABC7)

Financial reports released this week from the J.M. Smucker Company show losses, attributed to the results of an ABC7 investigation.

Smuckers stock hit a 52-week low this week as it released its fourth quarter earnings.

Smuckers was the subject of an ABC7 investigation into the euthanasia drug, pentobarbital, that we discovered in some of their dog food. And while the levels were not lethal, it is a violation of federal regulations for the drug to be present at any level.

As a result, the FDA launched an investigation, and 107 million cans of Gravy Train, Kibbles 'n Bits, Skippy and Ol'Roy dog foods were pulled from shelves.

The company's fiscal report says the recall contributed to reduced earnings-per-share by 10-cents, Amounting to about $11.4 million in reduced value.

The FDA investigation is on-going.

We'll keep you updated as this story continues to unfold.

Dog foods pulled from shelves nationwide after ABC7 investigation finds euthanasia drug

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