Welcome to our dedicated page for J M Smucker news (Ticker: SJM), a resource for investors and traders seeking the latest updates and insights on J M Smucker stock.
The J.M. Smucker Company (NYSE: SJM) news page on Stock Titan aggregates official updates and media releases related to this Ohio-incorporated packaged food manufacturer. The company’s communications focus on its portfolio of North American brands across coffee, peanut butter, fruit spreads, frozen handheld items, sweet baked goods, dog snacks, and cat food.
Visitors to this page can review earnings announcements, including quarterly and full-year results where J.M. Smucker reports net sales, segment performance, adjusted operating income, and free cash flow. Recent Form 8-K filings and press releases have covered fiscal 2026 first and second quarter results and fiscal 2025 fourth quarter and full-year performance, along with updated financial outlooks.
News items also highlight portfolio and operational changes. The company has reported the acquisition of Hostess Brands, Inc., divestitures of certain Sweet Baked Snacks value brands, the Voortman business, the Sahale Snacks business, and a Canada condiment business, as well as plans to close and sell a Hostess-brand manufacturing facility in Indianapolis, Indiana and consolidate production into other facilities. These updates provide context on how J.M. Smucker is reshaping its Sweet Baked Snacks and broader brand portfolio.
Other announcements include dividend declarations and increases, details on upcoming earnings releases and investor webcasts, and leadership updates such as the planned retirement of the Chief Marketing Officer. The company also issues news on product and formulation initiatives, such as its commitment to remove FD&C colors from all consumer food products by the end of a specified calendar year and prior changes like removing high-fructose corn syrup from Uncrustables sandwiches.
By following this news feed, readers can track how developments in J.M. Smucker’s coffee, spreads, pet foods, and sweet baked snacks segments, as well as its international and away-from-home business, are reflected in official company communications and SEC-reported events.
The J.M. Smucker Co. (NYSE: SJM) announced its strategic goals during a virtual investor day on December 10, 2020, focusing on long-term shareholder value. The Company reaffirmed its fiscal year 2021 outlook, projecting net sales growth of flat to 1%, adjusted EPS between $8.35 and $8.65, and free cash flow of $975 million to $1.025 billion. Key priorities include driving revenue growth, transforming capabilities, streamlining costs to save $50 million annually, and reshaping its portfolio. Long-term targets feature a 2% net sales growth and 10% total shareholder return.
Nexus Capital Management has signed an agreement to acquire the Natural Balance premium pet food business from The J.M. Smucker Co. (NYSE: SJM). This transaction marks a significant move in the premium pet food space, with Natural Balance known for high-quality dog and cat food products. Nexus aims to reinvigorate the brand as an independent entity under the leadership of Brian Connolly, who has extensive experience in the industry. The focus will be on innovation and commitment to the pet specialty channel, enhancing growth opportunities for Natural Balance.
The J.M. Smucker Co. (SJM) announced a definitive agreement to sell its Natural Balance premium pet food business to Nexus Capital Management for approximately $50 million, pending a working capital adjustment. The divestiture aims to refocus resources on high-growth core brands such as Rachael Ray Nutrish and Milk-Bone. The business had generated net sales of about $220 million for the fiscal year ending April 30, 2020. While the deal is set to close in Q3 of fiscal year 2021, it is expected to dilute adjusted earnings by $0.05 to $0.10 per share.
The J.M. Smucker Co. has completed the sale of its Crisco® oils and shortening business to B&G Foods for $550 million. The divestiture, which aligns with the company's strategy to exit the U.S. baking category, impacts fiscal 2021 guidance by removing $100 million in net sales and $0.20 in adjusted EPS. The updated guidance expects fiscal 2021 net sales growth of flat to 1 percent and adjusted EPS between $8.35 and $8.65. The company continues to expect free cash flow of $975 million to $1,025 million.
The J.M. Smucker Co. (SJM) reported a 4% increase in net sales to $2.034 billion for Q2 of fiscal 2021, primarily driven by growth in the U.S. Retail Consumer Foods and Coffee segments.
Net income per diluted share rose to $2.02, with adjusted EPS increasing by 6% to $2.39. Cash from operations surged 69% to $378.7 million, while free cash flow grew to $326.3 million.
For fiscal 2021, the company raised its net sales guidance to a 1-2% increase and adjusted EPS to $8.55-$8.85, reflecting strong at-home consumption trends.
The J.M. Smucker Co. (SJM) announced its second quarter fiscal 2021 earnings conference call scheduled for November 24, 2020, at 8:30 a.m. EST. CEO Mark Smucker and CFO Tucker Marshall will present. A press release with financial data will be available at 7:00 a.m. EST on the same day. Additionally, a virtual Investor Day is set for December 10, 2020, featuring management presentations and a Q&A session. Both events will be accessible via the company's investor website.
The J.M. Smucker Co. (SJM) has agreed to sell its Crisco® oils and shortening business to B&G Foods, Inc. for approximately $550 million. This divestiture reflects the company's strategy to exit the U.S. baking category and prioritize pet food, coffee, and snacking sectors. The Crisco brand generated net sales of around $270 million for the fiscal year ending April 30, 2020. The sale is expected to be dilutive to adjusted earnings per share by $0.45 to $0.55 in the full year. The transaction is slated to close in Q3 of fiscal year 2021, subject to customary approvals.
The J.M. Smucker Co. (SJM) announced a $0.90 per share dividend approved by its Board of Directors. This dividend is set to be paid on December 1, 2020, to shareholders recorded by the close of business on November 13, 2020. The company's diverse portfolio includes popular brands such as Folgers and Jif, appealing to a wide range of consumers across the U.S. This move reflects Smucker's commitment to returning value to shareholders while continuing to grow its market presence and brand loyalty.
The J.M. Smucker Co. (NYSE: SJM) announced an updated corporate identity on Sept. 23, 2020, to better reflect its growth from an $800 million jams business to a $7 billion multi-category CPG leader. The new visual identity includes a revamped logo and brand system, aiming to attract talent and enhance awareness of its diverse portfolio, which includes brands like Folgers, Jif, and Milk-Bone. CEO Mark Smucker emphasized the need for a fresh identity to showcase the company's unique appeal and commitments to social impact.
The J. M. Smucker Company (NYSE: SJM) released its 2020 Corporate Impact Report, highlighting progress under its Thriving Together philosophy. The company is on track to exceed its 2020 environmental goals related to water and emissions. Notable achievements include donating over 32 million meals, increasing parental leave from two to twelve weeks, and committing $500,000 to support inclusion and racial justice. Smucker also enhanced its manufacturing to meet demand during the COVID-19 pandemic while maintaining safety records.
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