J M Smucker Stock Price, News & Analysis

The J.M. Smucker Co has promoted John Brase to President and Chief Operating Officer, effective April 30, 2025. Brase, who has served as COO since 2020, will maintain oversight of key segments including U.S. Retail Coffee, Pet Foods, and Sweet Baked Snacks, while expanding his role in external engagements.

With over three decades of consumer goods experience, Brase has been crucial in strengthening Smucker's strategic execution and portfolio management. His leadership of the Transformation Office has delivered significant cost savings and productivity improvements, supporting bottom-line growth while enabling business investments.

Reporting to CEO Mark Smucker, Brase will continue managing Sales, Operations, and Supply Chain functions. The promotion recognizes his positive impact on business performance over the past five years and supports the company's executive talent development strategy for long-term growth.

The J.M. Smucker Co. (NYSE: SJM) has announced two key corporate events. First, the Board of Directors has approved a quarterly dividend of $1.08 per share, payable on June 2, 2025, to shareholders of record as of May 16, 2025.

Additionally, the company will hold its Annual Meeting of Shareholders on August 13, 2025, at 12:00 p.m. Eastern Time in a virtual-only format. Shareholders of record as of June 16, 2025, can participate and vote by accessing the meeting through the company's investor website using their 16-digit control number.

The J.M. Smucker Co. (NYSE: SJM) has announced its participation in the upcoming BofA Securities 2025 Consumer and Retail Conference. The company will be represented by Mark Smucker, Chair of the Board, President and Chief Executive Officer, and Tucker Marshall, Chief Financial Officer, who will engage in a fireside chat on Tuesday, March 11, 2025, at 8:00 a.m. Eastern Time.

Investors and interested parties can access a live webcast of the discussion through the company's investor relations website at investors.jmsmucker.com. A replay option will be made available after the event for those unable to attend the live session.

The J.M. Smucker Co. (NYSE: SJM) has announced key leadership changes effective March 7, 2025. Judd Freitag will be promoted to Senior Vice President and General Manager, Pet and Sweet Baked Snacks, taking charge of both U.S. Retail Pet Foods and Sweet Baked Snacks segments.

Freitag, who played a important role in turning around the Pet Foods business, will focus on driving growth for the Hostess® brand through portfolio management, distribution expansion, innovation, and revenue synergies.

The company is also restructuring its supply chain and manufacturing oversight by separating these functions. Bryan Hutson will expand his role to Senior Vice President, Information Services and Supply Chain, while Randy Day will continue as Senior Vice President, Operations, overseeing manufacturing. Dan O'Leary will exit the company on March 7, 2025.

J.M. Smucker Co. (NYSE: SJM) reported fiscal 2025 Q3 results showing a net sales decrease of $43.2M (2%) to $2.2B. The company recorded a net loss per share of $6.22 due to noncash impairment charges in the Sweet Baked Snacks unit, while adjusted EPS increased 5% to $2.61.

Key financial metrics include:

• Cash from operations: $239.4M (down from $406.5M YoY)
• Free cash flow: $151.3M (down from $249.6M YoY)
• Gross profit increased 7% despite supply chain disruptions

Segment performance varied with:

• U.S. Retail Coffee: Sales up 2% to $13.1M
• U.S. Retail Frozen & Spreads: Sales up 2% to $8.4M
• U.S. Retail Pet Foods: Sales down 9% to $42.2M
• Sweet Baked Snacks: Sales down 7% to $21.7M

Updated FY2025 guidance projects 7.25% net sales growth and adjusted EPS of $9.85-$10.15.

The J.M. Smucker Co. (NYSE: SJM) has announced two upcoming key events. First, the company will present at the 2025 Consumer Analyst Group of New York (CAGNY) Conference on Wednesday, Feb. 19, 2025, at 2:00 p.m. EST. Second, SJM will release its third quarter fiscal 2025 financial results on Thursday, Feb. 27, 2025.

The earnings release will include financial statements, segment information, supplemental materials, and pre-recorded management remarks, available from 7:00 a.m. EST. A live Q&A session with Mark Smucker, Chair of the Board, President and CEO, and Tucker Marshall, CFO, will follow at 8:30 a.m. EST. Both events will be accessible via webcast on the company's investor relations website.

The J.M. Smucker Co. (NYSE: SJM) has announced an agreement to sell its Cloverhill and Big Texas brands, along with certain private label products, to JTM Foods, for approximately $40 million in cash. The transaction includes trademarks, licenses, and a manufacturing facility in Chicago, with about 400 employees transitioning to JTM.

The divested brands generated net sales of approximately $30 million for fiscal year 2024 (partial year) and are projected to reach $60 million for fiscal year 2025. The company plans to use the proceeds to reduce debt and expects the divestiture to have minimal impact on adjusted earnings per share. The transaction is set to close in Q4 of fiscal year 2025.

This strategic move aligns with Smucker's portfolio optimization efforts, focusing resources on growing the Hostess® brand and strengthening its position in the sweet baked goods category while optimizing manufacturing operations to reduce costs and complexity.

The J.M. Smucker Co. (NYSE: SJM) has announced that its Board of Directors has approved a dividend payment of $1.08 per share on the company's common shares. The dividend will be distributed on March 3, 2025, to shareholders who are recorded as holders at the close of business on February 14, 2025.

The J. M. Smucker Company (NYSE: SJM) has announced pricing terms for its cash tender offers to purchase up to $300 million aggregate purchase price of its senior notes. The company will accept notes using a waterfall methodology, prioritizing them by acceptance levels. SJM will purchase the full amount of 2.750% Senior Notes due 2041 (Level 1), full amount of 3.550% Senior Notes due 2050 (Level 2), and partially accept 2.125% Senior Notes due 2032 (Level 3) with a proration factor of approximately 69.9%. The Total Consideration includes an early tender premium of $30 per $1,000 principal amount. Due to exceeding the Offer Cap at Early Tender Time, no notes tendered after this period will be accepted.