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) delivers trusted food and beverage solutions through iconic brands like Folgers, Jif, and Milk-Bone. This news hub provides investors and industry professionals with direct access to SJM's official announcements and market-moving developments.
Track strategic priorities across coffee, pet food, and snacking categories through earnings reports, sustainability initiatives, and supply chain updates. Our curated feed ensures you never miss merger details, product launches, or executive leadership changes impacting this consumer packaged goods leader.
All content is sourced from verified corporate communications and regulatory filings. Bookmark this page for real-time insights into SJM's retail partnerships, operational milestones, and portfolio optimization strategies within the $1.3T global packaged foods market.
The J.M. Smucker Co. (NYSE: SJM) has released its fiscal 2025 first-quarter results, reporting a net sales increase of 18% to $2.1 billion. Excluding specific acquisitions and divestitures, net sales rose by 1%. Adjusted EPS was $2.44, up 10% from the previous year, while cash provided by operations was $172.9 million, down from $217.9 million. Free cash flow also decreased from $67.6 million to $49.2 million. The company updated its full-year fiscal 2025 guidance, lowering expected net sales growth to 8.5-9.5% and adjusted EPS to $9.60-$10.00.
Key segment performances included: U.S. Retail Coffee with stable sales and a 1% profit increase; U.S. Retail Frozen Handheld and Spreads with a 7% sales increase; U.S. Retail Pet Foods with a 9% sales decline but a 42% profit increase; and Sweet Baked Snacks contributing $333.7 million in sales.
Increased operating income by 15% to $349.5 million was driven by a favorable impact from the acquisition of Hostess Brands. However, increased interest expenses and higher SD&A expenses impacted the overall financials.
The J.M. Smucker Co. (NYSE: SJM) has announced key dates for its first quarter fiscal 2025 financial results and participation in an industry conference. The company will release its Q1 earnings on August 28, 2024, with a press release, financial statements, and supplemental materials available from 7:00 a.m. ET. A live Q&A session with CEO Mark Smucker and CFO Tucker Marshall will follow at 9:00 a.m. ET.
Additionally, SJM will present at the 2024 Barclays Global Consumer Staples Conference on September 3, 2024, at 12:45 p.m. ET. Investors and interested parties can access live webcasts, replays, and related materials for both events through the company's investor relations website.
The J.M. Smucker Co. (NYSE: SJM) has announced a two percent increase in its quarterly dividend, raising it from $1.06 to $1.08 per share. The enhanced dividend will be distributed on September 3, 2024, to shareholders recorded by August 16, 2024. This marks the 23rd consecutive fiscal year of dividend growth, underscoring the company's commitment to shareholder value.
Acosta Group has expanded its partnership with The J.M. Smucker Company (SJM) to offer a comprehensive North American solution for headquarter sales, retail merchandising, and digital commerce. This collaboration will bolster Smucker's presence across U.S. grocery and mass retail channels.
Acosta will provide a full suite of sales and marketing solutions, leveraging its in-store services to ensure Smucker's brands are well-represented and readily available for purchase both in-store and online. This expanded partnership builds on a long-standing relationship, with Acosta having supported Smucker's brands like Hostess in North America for the past decade and other Smucker brands in Canada and U.S. convenience channels over the years.
Robert Crane, Senior Vice President of Sales for Smucker, emphasized the importance of maintaining excellence in sales execution, while Brian Wynne, President and CEO of Acosta, highlighted their role in elevating Smucker's iconic brands across North America.
The J.M. Smucker Company (NYSE: SJM) reported its fiscal year 2024 fourth-quarter results, ending April 30, 2024. Net sales for the quarter were $2.2 billion, a 1% decrease, but increased by 3% when excluding acquisitions and divestitures. Annual net sales decreased by 4% to $8.2 billion but saw an 8% increase on a comparable basis. Quarterly net income per diluted share was $2.30, with adjusted EPS at $2.66, a 1% increase. For the fiscal year, net income per share was $7.13, with an adjusted EPS of $9.94, reflecting an 11% increase. Cash provided by operations for the quarter was $428.1 million, and free cash flow was $297.5 million. Shareholder dividends for the quarter totaled $112 million and $437.5 million for the year. The company's 2025 outlook projects a 9.5-10.5% increase in net sales, adjusted EPS between $9.80-$10.20, and free cash flow of $900 million.
The J.M. Smucker Co. (NYSE: SJM) will announce its fourth quarter fiscal 2024 financial results on June 6, 2024. The press release, including financial statements, supplemental materials, pre-recorded management remarks, and a transcript, will be available at 7:00 a.m. Eastern Time. A live Q&A session with CEO Mark Smucker and CFO Tucker Marshall will follow at 9:00 a.m. Eastern Time. These materials can be accessed on the company's investor relations website: investors.jmsmucker.com.
FAQ
What is the current stock price of J M Smucker (SJM)?
What is the market cap of J M Smucker (SJM)?
