The J. M. Smucker Company (SJM) Q4 2025 Earnings Call June 10, 2025 07:00 AM ET Company Participants Crystal Beiting - VP - Investor RelationsMark Smucker - CEO & Chair of the BoardTucker Marshall - CFO 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 twenty twenty five fourth quarter earnings. After this brief introduction, Mark Smucker, C ...

The J. M. Smucker Company (SJM) Q4 2025 Earnings Call June 10, 2025 07:00 AM ET Speaker0 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 twenty twenty five fourth quarter earnings. After this brief introduction, Mark Smucker, Chief Executive Officer and Chair of the Board, will provide a business and strategy update. Tucker Marshall, Chief Financial Offic ...

Financial Performance - Net sales for Q4 2025 were $2.1 billion, a decrease of $61.9 million, or 3% compared to Q4 2024[4] - For the fiscal year 2025, net sales were $8.7 billion, an increase of 7%, while net sales excluding acquisitions and divestitures were flat[4] - Adjusted earnings per share for Q4 2025 were $2.31, a decrease of 13% from $2.66 in Q4 2024[4] - The company reported a net loss per diluted share of $6.85 for Q4 2025, compared to a profit of $2.30 in Q4 2024[5] - Total net sales for the year ended April 30, 2025, increased to $8,726.1 million, up from $8,178.7 million in 2024, representing a growth of 6.7%[31] - The company reported a net loss of $729.0 million for the three months ended April 30, 2025, compared to a net income of $245.1 million in the same period of 2024[30] - The company reported a net loss of $729.0 million for the three months ended April 30, 2025, compared to a net income of $245.1 million in the same period of 2024[43] Cash Flow and Dividends - Free cash flow for the fiscal year 2025 was $816.6 million, with Q4 free cash flow at $298.9 million[4] - The company expects free cash flow of approximately $875.0 million for fiscal year 2026[13] - The company declared dividends of $1.08 per common share for the three months ended April 30, 2025, a 2% increase from $1.06 in the same period of 2024[25] - The company reported a net cash provided by operating activities of $393.9 million for the three months ended April 30, 2025, compared to $428.1 million in 2024[30] - The company expects net cash provided by operating activities for the year ending April 30, 2026, to be $1,200.0 million[51] Segment Performance - U.S. Retail Coffee segment net sales increased by 11% to $738.6 million, driven by higher net pricing[14] - U.S. Retail Pet Foods segment net sales decreased by 13% to $395.5 million, primarily due to lower contract manufacturing sales[16] - Sweet Baked Snacks segment net sales decreased by 26% to $251.0 million, reflecting a significant decline in volume/mix[18] - U.S. Retail Coffee segment reported net sales of $738.6 million for the three months ended April 30, 2025, compared to $666.1 million in 2024, reflecting a growth of 10.8%[35] - The U.S. Retail Pet Foods segment saw a decline in net sales to $395.5 million for the three months ended April 30, 2025, down from $452.6 million in 2024, a decrease of 12.6%[35] Impairment and Expenses - Goodwill impairment charges amounted to $867.3 million for the three months ended April 30, 2025, with total impairment charges for the year reaching $1,661.6 million[25] - The company incurred goodwill impairment charges of $867.3 million for the three months ended April 30, 2025[43] - Selling, distribution, and administrative expenses for the three months ended April 30, 2025, were $380.6 million, accounting for 17.8% of net sales, compared to 19.3% in 2024[31] - Interest expense for the year ended April 30, 2025, increased by 47% to $388.7 million from $264.3 million in 2024[25] Profitability Metrics - Gross profit for the year ended April 30, 2025, was $3,384.7 million, reflecting a 9% increase from $3,115.4 million in 2024[25] - The gross margin for the year ended April 30, 2025, was 38.8%, compared to 38.1% in 2024[25] - Gross profit for the three months ended April 30, 2025, was $823.3 million, down from $913.3 million in 2024, representing a gross margin of 37.5%[43] - Adjusted operating income for the year ended April 30, 2025, was $1,824.7 million, which is 20.9% of net sales, compared to $1,636.2 million or 20.0% in 2024[43] - EBITDA (as adjusted) for the year ended April 30, 2025, was $2,137.0 million, representing 24.5% of net sales, compared to $1,704.4 million or 20.8% in 2024[47] Future Outlook - The fiscal year 2026 outlook projects net sales growth of 2.0% to 4.0% and adjusted earnings per share between $8.50 and $9.50[12] - Adjusted earnings per share for the year ending April 30, 2026, are projected to be between $8.50 and $9.50[49]

FISCAL 2025 FOURTH QUARTER RESULTS SUPPLEMENTARY INFORMATION June 10, 2025 EXECUTIVE SUMMARY Net sales decreased 3%. Comparable net sales (A) decreased 1%. Net loss per diluted share was $6.85. Adjusted earnings per share was $2.31, a decrease of 13%. Free cash flow was $298.9 million, compared to $297.5 million in the prior year. Provided full-year fiscal 2026 financial outlook. (A) Excludes the noncomparable impact to net sales of divestitures and foreign currency exchange. FY25 Q4 RESULTS SUPPLEMENT 2 (D ...

The J. M. Smucker Company SJM will release its fourth-quarter earnings results before the opening bell on Tuesday, June 10.Analysts expect the Orrville, Ohio-based company to report quarterly earnings at $2.25 per share, down from $2.66 per share in the year-ago period. J. M. Smucker projects to report quarterly revenue at $2.19 billion, compared to $2.21 billion a year earlier, according to data from Benzinga Pro.On April 30, JM Smucker named John Brase as President and COO.JM Smucker shares gained 0.5% to ...

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Key Takeaways SJM's Q4 revenue is expected to dip 0.8% to $2.19B, with EPS forecast down 15.4% to $2.25. SJM expects margin pressure as pricing may not offset commodity cost inflation and elasticity. Integration of Hostess Brands and focus on growth strategies may have supported quarterly performance.The J. M. Smucker Company (SJM) is likely to witness a top and bottom-line decline when it reports fourth-quarter fiscal 2025 earnings on June 10. The Zacks Consensus Estimate for revenues is pegged at $2.19 ...

Wall Street analysts expect Smucker (SJM) to post quarterly earnings of $2.25 per share in its upcoming report, which indicates a year-over-year decline of 15.4%. Revenues are expected to be $2.19 billion, down 0.8% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Pr ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Smucker (SJM) reports results for the quarter ended April 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on June 10. On the othe ...

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