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. (SJM) reported a strong fourth quarter of fiscal 2022, with net sales increasing by $113.6 million or 6% to $2.03 billion. Adjusted earnings per share grew by 18% to $2.23, although annual adjusted EPS fell 3% to $8.88. The company anticipates a 3.5% to 4.5% rise in net sales for fiscal 2023 but expects a $0.90 hit to EPS due to a recent Jif® peanut butter recall. Cash from operations rose to $393.7 million, reflecting a robust operational performance despite ongoing inflation and supply chain challenges.
The J.M. Smucker Co. (NYSE: SJM) is set to release its fourth quarter fiscal 2022 financial results on June 7, 2022, at 7:00 a.m. ET. This will include detailed financial statements and supplemental materials. A live Q&A session with President and CEO Mark Smucker and CFO Tucker Marshall will follow at 9:00 a.m. ET. Investors can access the webcast and related content on the company's investor website.
Smucker's diverse product portfolio caters to a wide range of consumers, aiming for continued growth and societal impact.
The J.M. Smucker Co. (SJM) declared a $0.99 per share dividend for common shares, payable on June 1, 2022. Shareholders must be on record by the close of business on May 13, 2022. Additionally, the company's Annual Meeting of Shareholders is scheduled for August 17, 2022, at 12:00 p.m. ET, conducted virtually. Only shareholders who are on record by June 21, 2022, can vote and attend the meeting.
On March 2, 2022, Rachael Ray Nutrish announced its partnership with North Shore Animal League America (NSALA) as their new exclusive feeding partner. Nutrish will provide food for over 5,000 animals each year, supporting NSALA's mission of animal welfare and adoption. Since February 2022, Nutrish has donated over $66 million to animal charities through The Rachael Ray Foundation. NSALA, the world's largest no-kill adoption organization, has saved over 1.1 million animals since 1944. This partnership strengthens Nutrish's commitment to animal care.
The J.M. Smucker Co. (SJM) reported third quarter fiscal 2022 results with net sales of $2.06 billion, a 1% decrease from the previous year. Excluding divestitures and foreign currency effects, net sales rose 4%. Net income per diluted share fell 72% to $0.64 due to a noncash impairment charge. Adjusted earnings per share decreased 5% to $2.33. Cash from operations was $439.7 million, down 10%, while free cash flow dropped to $322.4 million. The full-year guidance was updated, projecting a net sales decline of 1.5% to 0.5% and adjusted EPS of $8.35 to $8.65.
The J.M. Smucker Co. (SJM) will present at the 2022 CAGNY Virtual Conference on February 22, 2022, at 4:10 p.m. EST. The company is scheduled to report its third-quarter fiscal 2022 financial results on March 1, 2022, with a press release available at 7:00 a.m. EST. A live Q&A session with CEO Mark Smucker and CFO Tucker Marshall will follow at 9:00 a.m. EST. Investors can access all related materials on the company’s website.
The J.M. Smucker Co. (NYSE: SJM) has appointed Jonathan E. Johnson III to its Board of Directors, expanding the Board to 12 members. Johnson brings over two decades of experience, currently serving as CEO of Overstock.com, where he enhanced profitability and market share. His background includes roles in fintech and blockchain, and he has held directorships at various financial firms. Mark Smucker expressed optimism about Johnson's contributions to advancing the company's strategies and digital capabilities.
The J.M. Smucker Co. has launched new dog treats under the Milk-Bone brand, emphasizing pet bonding. The range includes Stacked and Stuffed biscuits, which feature wholesome ingredients without artificial additives, available in various sizes. New Flavor Twists and Flavor Braids chews offer exciting flavors and are free from rawhide and plastics. These products are now available nationwide at major retailers, enhancing the brand's market presence and catering to pet owners' demand for quality treats.
The J.M. Smucker Co. has completed the divestiture of its natural and organic beverage and grains businesses to Nexus Capital Management for $110 million. This strategic move, which was initially announced on December 15, 2021, includes the sale of R.W. Knudsen and TruRoots assets, along with a licensing agreement for Santa Cruz Organic beverages. The divestiture aims to enhance focus on core brands, with the natural beverage and grains businesses generating approximately $140 million in net sales for the fiscal year ended April 2021. However, the company expects a dilution of about $0.15 in adjusted earnings per share from this transaction.
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