J M Smucker Stock Price, News & Analysis

The J.M. Smucker Co. (NYSE: SJM) announced it has exceeded its 2020 environmental impact goals, achieving significant reductions in waste-to-landfill, water-use-intensity, and greenhouse-gas-emissions-intensity from a 2014 baseline. CEO Mark Smucker highlighted the collective efforts of employees and partners in this achievement, fostering a commitment to a healthier planet. The company is set to develop new environmental goals, which will be disclosed in the upcoming 2021 Corporate Impact Report. Detailed progress can be found at www.jmsmucker.com/our-impact.

The J.M. Smucker Co. (SJM) announced a quarterly dividend increase from $0.90 to $0.99 per share, marking a 10% rise. This increase reflects the company's commitment to delivering shareholder value and represents the 20th consecutive year of dividend growth. The dividend will be disbursed on September 1, 2021, to shareholders who are on record as of August 13, 2021. This decision underscores Smucker's financial stability and ongoing strategy to enhance returns for investors.

The J.M. Smucker Co. recently launched the Leadership Perspectives video series, outlining their strategic initiatives for fiscal year 2022. CEO Mark Smucker emphasized the importance of regular communication to sustain business growth and positively impact stakeholders. Key discussions include financial discipline from CFO Tucker Marshall, value creation strategies from COO John Brase, and portfolio evolution from Chief Strategy Officer Amy Held. The series aims to provide insights into ongoing commercial transformations and future workplace strategies, highlighting Smucker's commitment to consumer preferences and responsible sourcing.

The J.M. Smucker Co. reported fourth-quarter results for fiscal 2021, revealing an 8% decline in net sales, totaling $1.92 billion, mostly due to prior pandemic stock-up effects. Full-year net sales increased 3% to $8.0 billion. Net income per share was $1.35, down 32%, while adjusted EPS dropped 26% to $1.89. Free cash flow for Q4 was $183 million and $1.26 billion for the year. The company anticipates a 2-3% sales decrease for fiscal 2022, with adjusted EPS guidance between $8.70 and $9.10.

The J.M. Smucker Co. (NYSE: SJM) is set to host its fourth quarter fiscal 2021 earnings conference call on June 3, 2021, at 8:30 a.m. EDT. The event will feature Mark Smucker, CEO, and Tucker Marshall, CFO. A press release with financial statements will precede the call at 7:00 a.m. EDT.

Smucker's diverse brand portfolio, including Folgers and Jif, positions it to meet evolving consumer expectations across generations.

The J.M. Smucker Co. (SJM) declared a $0.90 per share dividend, payable on June 1, 2021, to shareholders of record by May 14, 2021. The company also scheduled its Annual Meeting of Shareholders for August 18, 2021, at 12:00 p.m. ET, in a virtual format. Eligible shareholders must register by entering their 16-digit control number from their proxy materials. Smucker's diverse portfolio is well-recognized and found in 90% of U.S. homes, emphasizing its commitment to meeting consumer needs.

The J. M. Smucker Co. (NYSE: SJM) announced a voluntary recall of two lots of Meow Mix® Original Choice Dry Cat Food due to potential salmonella contamination. The recall affects 30LB bags sold at select Walmart stores across several states, including IL, MO, NE, NM, OK, UT, WI, and WY. No reports of illness have been received, and the recall is a precautionary measure. Consumers are advised to check their products for the specific lot codes and dispose of them immediately.

The J.M. Smucker Co. (NYSE: SJM) has announced a strategic partnership with JDE Peet's to enhance its Away From Home liquid coffee business. This collaboration focuses on product development and innovation in foodservice equipment. COO John Brase expressed optimism regarding this partnership's potential to drive category growth. In a related decision, Smucker plans to close its Suffolk, Virginia production facility and seek a buyer. Importantly, this partnership will not affect Smucker's retail coffee business.

The J.M. Smucker Co. (NYSE: SJM) reported a 5% increase in net sales for Q3 FY2021, reaching $2.08 billion, driven by growth across U.S. and International retail businesses. Net income per diluted share rose 41% to $2.32, while adjusted EPS saw a 4% gain at $2.45. Although cash from operations decreased by 7% to $486.3 million, free cash flow was $416.6 million. Smucker increased its full-year guidance, projecting a 2% rise in net sales and adjusted EPS between $8.70 and $8.90, against 112.6 million shares outstanding.