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 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.
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