J M Smucker Stock Price, News & Analysis

Rachael Ray Nutrish launches the "Feed Yours. Help More." campaign, supporting animals in need by underscoring their commitment to quality pet food and philanthropy. Each year, 6.3 million companions enter shelters, and by purchasing Nutrish, consumers have contributed over $7 million annually to the Rachael Ray Foundation. This comprehensive campaign features over thirty rescue dogs in various media placements, aiming to raise awareness for animal welfare. The initiative highlights Nutrish's dedication to improving the lives of pets while encouraging consumers to help more animals by choosing their products.

The J.M. Smucker Co. (NYSE: SJM) has appointed Rebecca Scheidler as the new Senior Vice President & General Manager of Consumer Foods, effective Jan. 16, 2023. Scheidler, with over 20 years of experience in consumer packaged goods, will oversee the company’s $1.7 billion Consumer Foods division, focusing on the growth of Smucker's® Uncrustables® and the brands Jif® and Smucker's®. She succeeds Tina Floyd, who will become CEO of Hudsonville Ice Cream.

The J.M. Smucker Co. showcased its strategic priorities at the 2022 Investor Day held in Orrville, Ohio, emphasizing ongoing transformation and financial results. CEO Mark Smucker highlighted growth plans in key areas such as pet food, coffee, and consumer foods. The company targets a net sales growth of 5.5-6.5% for fiscal year 2023, with adjusted earnings per share between $8.35 and $8.75. Key initiatives include enhancing profitability, transforming the portfolio, improving diversity, and fostering a positive culture. The event featured presentations from various leaders detailing commitments and future strategies.

The J.M. Smucker Co. (SJM) is set to release its second quarter fiscal 2023 financial results on November 21, 2022, with materials available from 7:00 a.m. EST. The company will also host a live Q&A session at 9:00 a.m. EST featuring CEO Mark Smucker and CFO Tucker Marshall. Additionally, Smucker will conduct its 2022 Investor Day on December 14, 2022, at 8:30 a.m. EST in New York City, with a webcast available for wider participation.

The J.M. Smucker Co. (NYSE: SJM) has announced a $1.02 per share dividend on its common shares, reflecting its commitment to shareholder returns. The dividend is set to be paid on December 1, 2022, to shareholders on record by the close of business on November 11, 2022. This news underscores the company's stable financial performance amidst evolving consumer preferences and a diverse product portfolio that includes well-known brands.

The J.M. Smucker Co. (NYSE: SJM) announced the launch of new Smucker's Uncrustables Meat and Cheese Bites, designed for easy lunch preparation. These frozen bites come in Uncured Ham and Cheddar and Turkey & Colby Jack varieties, ideal for busy parents. Available nationally starting early October 2022, the company is focused on innovation and production capacity to meet rising demand. The brand aims for $1 billion in annual sales over the next five years, following recent expansions at its Longmont, Colorado facility and the upcoming construction of a new facility in McCalla, Alabama.

The J.M. Smucker Co. (NYSE: SJM) has announced the establishment of a Transformation Office to enhance ongoing margin improvement and productivity initiatives. This office will be led by Amy Held, the new Chief Transformation Officer, who previously served as Chief Strategy and International Officer. The company aims to address external challenges while maintaining long-term growth potential, with further details to be shared at an upcoming Investor Day on December 14, 2022.

The J.M. Smucker Co. (NYSE: SJM) released its 2022 Corporate Impact Report on Sept. 9, 2022, emphasizing its commitment to responsible business practices through its Thriving Together agenda. This agenda focuses on five pillars: food quality access, education access, equitable treatment, community resource connections, and environmental health. Key achievements include delivering over 23 million meals, donating $1.2 million to charity, and supporting conservation efforts. The report highlights the company's responsibility and ongoing commitment to stakeholders and communities.

The J.M. Smucker Co. (NYSE: SJM) has appointed Gagnesh Gupta as Senior Vice President of Commodities and Procurement, effective September 8, 2022. Gupta brings over 20 years of experience from Fortune 100 companies, focusing on supply chain strategy and global sourcing. He will replace Dan Nowicki, who is retiring after over 20 years with the company. Chief Operating Officer John Brase expressed confidence in Gupta's leadership to maintain the high performance of the procurement teams.