J M Smucker Stock Price, News & Analysis

The J.M. Smucker Co. (NYSE: SJM) announced the pricing of $500 million in 2.125% notes due 2032 and $300 million in 2.750% notes due 2041. The sale is set to close on September 24, 2021, with a total anticipated net proceeds of about $792.1 million. These proceeds will be used primarily to repay $750 million in senior notes due October 15, 2021, bearing interest at 3.50%, along with general corporate purposes. The offering is part of a registration statement filed with the SEC, and investors are encouraged to read the related prospectus for detailed information.

The J.M. Smucker Co. (SJM) released its 2021 Corporate Impact Report, highlighting advancements in its Thriving Together agenda, which focuses on food access, education, social justice, and environmental sustainability. Key achievements include delivering over 23 million meals, partnering with the LeBron James Family Foundation, and donating $1.3 million to community resources. The company aims to reduce GHG emissions by 28% by 2030 and achieve TRUE certification at all sites. CEO Mark Smucker emphasizes a commitment to higher stakeholder expectations and long-term sustainability.

The J.M. Smucker Co. (SJM) reported first-quarter results for fiscal year 2022, with net sales declining by $113.8 million or 6%. Net income per diluted share was $1.42, while adjusted earnings per share fell 20% to $1.90. Cash from operations decreased by 66% to $137.8 million. The company updated its full-year outlook, projecting a net sales decrease of 1.5% to 2.5% and adjusted EPS between $8.25 and $8.65. Key factors include supply chain challenges and increased costs affecting profitability.

The J.M. Smucker Co. (SJM) will release its Q1 fiscal 2022 financial results on August 26, 2021, at 7:00 a.m. EDT. The report will include comprehensive financial statements and a pre-recorded management discussion. Following this, a live Q&A session with CEO Mark Smucker and CFO Tucker Marshall will take place at 9:00 a.m. EDT. Additionally, the company will participate in the 2021 Barclays Global Consumer Staples Conference on September 9, 2021, at 2:00 p.m. EDT.

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.