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) declared a $1.02 per share dividend on its common shares, scheduled for payment on June 1, 2023. Shareholders must hold the shares by the close of business on May 12, 2023 to be eligible for this dividend. Additionally, the company announced its Annual Meeting of Shareholders to take place on August 16, 2023, at 12:00 p.m. Eastern Time. Shareholders of record by June 20, 2023 can attend via a virtual platform, requiring a 16-digit control number for access.
The J.M. Smucker Co. (NYSE: SJM) will participate in a fireside chat at the BofA Securities 2023 Consumer and Retail Conference on March 14, 2023, at 8:00 a.m. EST. The discussion will feature Mark Smucker, Chair, President, and CEO, alongside Tucker Marshall, CFO. Investors can access the live webcast on the company's website, with a replay available post-event. The J.M. Smucker Co. is recognized for its diverse portfolio in the North American food market, including popular brands like Folgers, Dunkin', and Meow Mix, committed to producing high-quality products responsibly.
The J.M. Smucker Co. has announced key leadership appointments, effective March 13 and April 10, 2023. Gail Hollander will become Chief Marketing Officer, bringing 20 years of experience from Publicis Groupe, where she enhanced Smucker's brand relevance. Robert Crane is promoted to Senior Vice President, Head of Sales and Sales Commercialization, following his success in the Pet division. Tim Wayne now oversees the Away From Home division in Canada and internationally, and Angie Burick becomes Senior Vice President, Finance and Controller, ensuring M&A alignment with financial strategies. These updates aim to bolster brand growth and operational excellence.
The J.M. Smucker Co. (SJM) reported third-quarter fiscal 2023 results with net sales increasing by $159.2 million or 8%, driven by strong demand and price increases. Net income per diluted share rose to $1.95, while adjusted EPS fell by 5% to $2.21. Cash provided by operations surged by 33% to $584.6 million, and free cash flow reached $442.7 million. The company updated its full-year outlook, projecting a 6% net sales increase and adjusted EPS between $8.55 and $8.75, accounting for challenges including the Jif® peanut butter recall.
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