Financial Data and Key Metrics Changes - Net sales for the quarter decreased by 2%, with comparable net sales down by 1% [47][48][103] - Adjusted earnings per share for the third quarter was $2.61, an increase of 5% compared to the prior year [115] - The company raised the mid-point of its adjusted earnings per share guidance to $10.00, reflecting improved gross margin expansion and earlier realization of synergies [104][66] Business Line Data and Key Metrics Changes - Uncrustables brand net sales grew by 15%, driven by advertising campaigns and distribution gains [12][76] - Café Bustelo brand also saw a 15% increase in net sales, gaining share in all segments it competes in [15][80] - Milk-Bone brand faced supply chain disruptions but is expected to return to full distribution in the fourth quarter [18][82] - Sweet Baked Snacks segment net sales decreased by 8%, primarily due to declines in snack cakes and private label products [36][56] Market Data and Key Metrics Changes - The Coffee segment net sales increased by 2%, with net price realization contributing positively [30][52] - Pet Foods segment reported a 9% decrease in net sales, primarily due to lower contract manufacturing sales related to divested brands [54][99] - International and Away From Home segments saw a 5% increase in comparable net sales, driven by strong performance in Away From Home channels [102] Company Strategy and Development Direction - The company is focusing on key growth platforms, including Uncrustables and Café Bustelo, to drive future growth [11][79] - A comprehensive strategy is in place to stabilize and return the Hostess brand to growth, with new leadership announced for the Pet and Sweet Baked Snacks businesses [23][88] - The company is committed to evolving its portfolio and optimizing its manufacturing network to mitigate costs [28][93] Management's Comments on Operating Environment and Future Outlook - Management acknowledged supply chain disruptions impacting results but expressed confidence in returning to growth [10][11] - The company anticipates full-year net sales growth of approximately 7.25%, reflecting the impact of the Hostess Brands acquisition [62][103] - Management remains optimistic about long-term sustainable growth and generating over $1 billion in free cash flow annually [41][106] Other Important Information - The company recognized significant impairment charges of $794 million related to the Sweet Baked Snacks segment and $208 million for the Hostess brand trademark [45][109] - Cash provided by operating activities was $239 million, down from $407 million in the prior year, reflecting higher working capital requirements [60] Q&A Session Summary Question: What are the expectations for the Sweet Baked Snacks segment? - Management indicated that the Sweet Baked Snacks segment is facing challenges but is implementing a strategy to return it to growth [86][109] Question: How is the company addressing supply chain disruptions? - The company has resolved certain supply chain issues and anticipates returning to full distribution for affected brands [10][18] Question: What is the outlook for the Coffee segment? - The Coffee segment is expected to continue performing well, with price increases implemented to manage higher commodity costs [30][52]

The J. M. Smucker Company (NYSE:SJM) Q3 2025 Earnings Conference Call February 27, 2025 7:00 AM ET Company Participants Crystal Beiting - VP, IR & FP&A Mark Smucker - Chair of the Board, President and CEO Tucker Marshall - CFO Conference Call Participants Crystal Beiting Good morning. This is Crystal Beiting, Vice President, Investor Relations and Financial Planning and Analysis for The J. M. Smucker Company. Thank you for listening to our prepared remarks on our Fiscal 2025 Third Quarter Earnings. After th ...

J.M. Smucker reported mixed earnings, highlighting strategic and market complexities.Food and beverage producer J.M. Smucker (SJM -2.94%) reported mixed fiscal 2025 third-quarter earnings on Thursday, Feb. 27. The standout news was the adjusted EPS of $2.61, beating the analyst forecast of $2.37, a 10% surprise. Conversely, net sales of $2.19 billion missed expectations of $2.22 billion. Overall, the quarter demonstrated profitability amid revenue headwinds, emphasizing strategic rigor in key areas and the ...

FISCAL 2025 THIRD QUARTER RESULTS SUPPLEMENTARY INFORMATION February 27, 2025 Updated full-year fiscal 2025 financial outlook. FY25 Q3 RESULTS SUPPLEMENT 2 (A) Excludes the noncomparable impact to net sales of the Hostess Brands acquisition, divestitures, and foreign currency exchange. (Dollars in millions, except per share data) CONSOLIDATED RESULTS | | FY25 Q3 | FY24 Q3 | YoY Change | | --- | --- | --- | --- | | Net Sales | $2,186.0 | $2,229.2 | (2%) | | Adjusted Gross Profit | $819.2 | $828.3 | (1%) | | ...

Exhibit 99.1 The J.M. Smucker Co. Announces Fiscal 2025 Third Quarter Results ORRVILLE, Ohio, Feb. 27, 2025 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced results for the third quarter ended January 31, 2025, of its 2025 fiscal year. Financial results for the third quarter of fiscal year 2025 reflect the divestiture of the Voortman business on December 2, 2024, divestiture of the Canada condiment business on January 2, 2024, and acquisition of Hostess Brands, Inc. ("Hostess Brands") on Nov ...

Core Viewpoint - The J.M. Smucker Co. is restructuring its leadership to enhance growth in the U.S. Retail Pet Foods and Sweet Baked Snacks segments, with Judd Freitag appointed to lead these areas, effective March 7, 2025 [1][2]. Leadership Changes - Judd Freitag has been promoted to Senior Vice President and General Manager for Pet and Sweet Baked Snacks, reflecting the company's commitment to the Hostess® brand and its pet business [2]. - Freitag has a strong background in Finance, Corporate Strategy, and Brand Marketing, and has played a key role in the turnaround of the U.S. Retail Pet Foods business [2]. - Dan O'Leary, the current Senior Vice President and General Manager for Sweet Baked Snacks and Pet, will exit the company on March 7, 2025 [4]. Supply Chain and Manufacturing Structure - The company is decoupling its supply chain and manufacturing organizations to improve oversight and execution [3]. - Bryan Hutson will take on expanded responsibilities for supply chain activities as Senior Vice President, Information Services and Supply Chain [3]. - Randy Day will continue to oversee manufacturing as Senior Vice President, Operations [3].

Wall Street analysts expect Smucker (SJM) to post quarterly earnings of $2.35 per share in its upcoming report, which indicates a year-over-year decline of 5.2%. Revenues are expected to be $2.22 billion, down 0.4% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company announces its ...

Core Viewpoint - The J. M. Smucker Company (SJM) is expected to experience declines in both revenue and earnings for the third quarter of fiscal 2025, with revenue estimated at $2.22 billion, reflecting a 0.4% decrease year-over-year, and earnings per share (EPS) projected at $2.35, indicating a 5.2% decline from the previous year [1][2]. Group 1: Financial Performance Expectations - The Zacks Consensus Estimate for SJM's revenues is $2.22 billion, which represents a 0.4% drop from the prior-year quarter [1]. - The consensus estimate for earnings has decreased by a penny to $2.35 per share, suggesting a 5.2% decline from the year-ago quarter [2]. - SJM has a trailing four-quarter earnings surprise of 11.5% on average, indicating some potential for unexpected performance [2]. Group 2: Market and Consumer Dynamics - SJM is facing a challenging consumer environment characterized by inflation and reduced discretionary spending, which are altering purchasing habits [3]. - The sweet baked goods segment is particularly affected, with management revising its full-year guidance downward due to ongoing consumer challenges [3]. - Diminished activity across various retail channels, including convenience stores, is adding strain to the company's performance [3]. Group 3: Cost Pressures and Operational Challenges - SJM is vulnerable to commodity cost inflation and volatility, especially in its Coffee and Pet Foods segments, which poses risks to profitability despite pricing actions taken [4]. - The company anticipates a 9% increase in selling, distribution, and administrative (SD&A) expenses for fiscal 2025, primarily due to higher marketing investments [5]. - Adjusted EPS is expected to decline in mid-single digits in the third quarter of fiscal 2025 due to elevated SD&A expenses [5]. Group 4: Strategic Initiatives and Growth Potential - Despite challenges, SJM's strategic priorities include focusing on volume and net sales growth, operational excellence, and capitalizing on fast-growing opportunities [6]. - The integration of the acquired Hostess Brands business is a key focus area for SJM [6]. - The company is reshaping its portfolio to achieve sustainable growth across pet food, pet snacks, coffee, and snacking categories [6].

The market expects Smucker (SJM) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended January 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 27, 2025, might help the stock move higher if these key numbers are bet ...

Company Events - The J.M. Smucker Co. will present at the 2025 CAGNY Conference on February 19, 2025, at 2:00 p.m. Eastern Standard Time [1] - The Company will release its third quarter fiscal 2025 financial results on February 27, 2025, with a press release available at 7:00 a.m. Eastern Standard Time [2] - A live question and answer session will be held with Mark Smucker and Tucker Marshall at 8:30 a.m. Eastern Standard Time on the same date [2] Company Overview - The J.M. Smucker Co. offers a diverse range of food products for both people and pets, leading in categories such as coffee, peanut butter, fruit spreads, and pet food [4] - The Company is committed to producing quality products and operating responsibly, aiming to grow its business while positively impacting society [4]