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 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.
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