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 reports quarterly financial results and portfolio updates for a packaged food business built around coffee, peanut butter, fruit spreads, frozen handhelds, sweet baked goods, dog snacks, and cat food. Its North American brand portfolio includes Folgers, Dunkin' packaged coffee, Café Bustelo, Jif, Uncrustables, Smucker's, Hostess, Milk-Bone, and Meow Mix.
Recurring company news covers sales trends, commodity-cost effects, pricing, cash flow, and outlook updates, along with portfolio changes following the Hostess Brands acquisition and completed divestitures in sweet baked snacks. Other updates include regular dividends, annual shareholder meeting matters, board refreshment, senior leadership responsibilities, and consumer-products conference presentations.
The J. M. Smucker Company (SJM) reported a strong first quarter for fiscal 2021, with net sales rising 11% to $1.97 billion, primarily driven by increased at-home consumption in the U.S. Retail Coffee and Consumer Foods segments. Net income per diluted share reached $2.08, while adjusted earnings per share climbed 50% to $2.37. The company generated $409 million in cash from operations, an 85% increase year-over-year. Smucker raised its full-year guidance for net sales, adjusted EPS, and free cash flow, reflecting confidence in ongoing demand amidst the COVID-19 pandemic.
The J. M. Smucker Company (SJM) will host its Q1 2021 earnings call on August 25, 2020, at 8:30 a.m. EDT, with a financial release at 7:00 a.m. EDT. Key executives Mark Smucker and Tucker Marshall will present. Additionally, Smucker will participate in the 2020 Barclays Global Consumer Staples Conference on September 8, 2020, at 12:00 p.m. EDT. Both events will be available via webcast on their investor website, enhancing transparency regarding their financial performance and strategic direction.
The J. M. Smucker Company (SJM) has released its Company Spotlight, showcasing its commitment to business growth and social impact. This collection highlights efforts in various areas including continuous improvement, financial discipline, cat food investments, and sustainability initiatives. CEO Mark Smucker emphasizes the company's achievements during the COVID-19 pandemic, while upcoming financial reports are anticipated. Smucker's portfolio includes popular brands like Folgers and Jif, reflecting its expansive reach in U.S. homes. The full collection is available on their website.
On July 28, 2020, Santa Cruz Organic announced the launch of its first almond butter product, the Santa Cruz Organic Creamy Dark Roasted Almond Butter. Available at Whole Foods and regional grocers, it features two ingredients: organic dry roasted almonds and sea salt. This USDA organic, gluten-free, and Non-GMO Project Verified product is designed to enhance everyday snacks and sandwiches. Packaged in a 12oz jar, it retails for $14.99.
Santa Cruz Organic is known for its pioneering role in organic products, offering a wide range of over 60 items, including juices and spreads.
The J. M. Smucker Company (SJM) has announced a quarterly dividend increase from $0.88 to $0.90 per share, effective September 1, 2020. This decision marks the nineteenth consecutive year of dividend growth, reflecting the company's commitment to returning value to shareholders. Shareholders of record as of August 14, 2020, will be eligible for this payout. The announcement underscores Smucker's stable financial position within the consumer goods sector.
On June 17, 2020, R.W. Knudsen Family announced the launch of four new Organic Juice Beverage Shots: Pineapple Ginger, Apple Cider Vinegar, Beet Juice, and Carrot Black Pepper Turmeric. These shots, containing 25 calories and 3-4 grams of sugar per serving, are available in 2.5-ounce bottles and can be purchased from retailers such as Amazon and Kroger. Additionally, the company highlighted its Organic Celery Apple Cucumber Juice Blend, priced at $6.99. The new shots are packaged in 6 and 12 counts and retail for $17.94.