UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________ FORM 10-K _________________________________________________________________________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Com ...

THE J.M. SMUCKER CQ。 Fiscal 2022 Fourth Quarter Earnings SUPPLEMENTARY INFORMATION June 07, 2022 Consolidated Results | --- | --- | --- | --- | |------------------------------------------|----------|----------|------------| | ($ in millions, except per share data) | FY22 Q4 | FY21 Q4 | YoY Change | | Net Sales | $2,033.8 | $1,920.2 | 6% | | Adjusted Gross Profit | $655.2 | $727.0 | (10%) | | Adjusted Gross Profit Margin | 32.2% | 37.9% | -570bps | | Adjusted Operating Income | $350.9 | $311.6 | 13% | | Adju ...

The J. M. Smucker Co. (NYSE:SJM) Q4 2022 Results Conference Call June 7, 2022 9:00 AM ET Company Participants Aaron Broholm - VP, IR Mark Smucker - President, CEO Tucker Marshall - CFO Conference Call Participants Andrew Lazar - Barclays Cody Ross - UBS Jason English - Goldman Sachs Ken Goldman - JP Morgan Laurent Grandet - Guggenheim Pamela Kaufman - Morgan Stanley Peter Galbo - Bank of America Robert Moskow - Credit Suisse Operator Good morning, and welcome to The J.M. Smucker Company's Fiscal 2022 Four ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________________________ FORM 10-Q ___________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: January 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-5111 _________ ...

The J. M. Smucker Company (NYSE:SJM) Q3 2022 Earnings Conference Call March 1, 2022 9:00 AM ET Company Participants Aaron Broholm - VP IR Mark Smucker - President and CEO Tucker Marshall - CFO Conference Call Participants Andrew Lazar - Barclays Ken Goldman - JPMorgan Laurent Grandet - Guggenheim Christopher Growe - Stifel Steve Powers - Deutsche Bank Robert Moskow - Credit Suisse Peter Galbo - Bank of America Jason English - Goldman Sachs Pamela Kaufman - Morgan Stanley Operator Good morning and welcome to ...

Table of Contents (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________________________ FORM 10-Q ___________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: October 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition ...

THE J.M. SMUCKER CQ. Fiscal 2022 Second Quarter Earnings SUPPLEMENTARY INFORMATION November 23, 2021 Consolidated Results | --- | --- | --- | --- | |------------------------------------------|----------|----------|------------| | ($ in millions, except per share data) | FY22 Q2 | FY21 Q2 | YoY Change | | Net Sales | $2,050.0 | $2,034.0 | 1% | | Adjusted Gross Profit | $730.9 | $786.7 | (7%) | | Adjusted Gross Profit Margin | 35.7% | 38.7% | -300bps | | Adjusted Operating Income | $387.9 | $408.8 | (5%) | | ...

Financial Data and Key Metrics Changes - The company increased its full year net sales guidance by approximately $160 million or 2% at the midpoint, driven by better than anticipated elasticities from pricing actions and underlying business momentum [9][10] - Free cash flow target for the fiscal year is now $700 million, impacted by a decrease in year-over-year earnings and increased inventory levels [24][25] - SG&A expenses are projected to decrease by approximately 7%, attributed to cost management and organizational restructuring [58] Business Line Data and Key Metrics Changes - Uncrustables brand is expected to double sales to $1 billion in the next five years, contributing significantly to the company's organic growth target [12][16] - Milk-Bone pet snacks experienced a 17% growth in the quarter, supported by effective advertising and innovation [51][93] Market Data and Key Metrics Changes - The company noted low double-digit year-over-year cost inflation, equating to over $550 million against the total cost basket, driven by commodity, ingredient, packaging, transportation, and labor-related inflation [68][69] - The company is experiencing strong sales momentum across its brands, with private-label brands losing market share [47][51] Company Strategy and Development Direction - The company is focused on investing in growth areas, particularly in brands like Uncrustables and Milk-Bone, while maintaining marketing investments despite inflationary pressures [14][100] - The company has consolidated its marketing efforts with a single agency to enhance execution and effectiveness [113][116] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating supply chain challenges and inflation, attributing success to agile execution and detailed supply chain management [36][70] - The company anticipates continued inflationary pressures but believes it can manage through pricing actions and productivity initiatives [72][70] Other Important Information - The company is investing in new facilities to support growth, particularly for Uncrustables, with a second facility planned to enhance production capacity [12][16] - The company has not made significant changes to its marketing strategy despite stronger than anticipated demand [99] Q&A Session Summary Question: On elasticity and volume growth - Management acknowledged that volume elasticity has been lower than expected but is building in greater elasticity for the second half of the fiscal year due to pricing actions [8][10] Question: On Uncrustables growth and distribution - Management confirmed that Uncrustables has significant growth potential, with plans to expand distribution and marketing efforts [12][16] Question: On free cash flow and inventory challenges - Management explained that inventory increases are driven by working capital requirements and supply chain challenges, expecting elevated levels in the near term [24][25] Question: On inflation and pricing actions - Management indicated that pricing actions are intended to recover inflation costs, with additional rounds of pricing planned for the fourth quarter [72][73] Question: On marketing strategy adjustments - Management stated that marketing budgets remain aligned with previous years, with continued investment in key brands [99] Question: On labor challenges - Management noted that labor challenges are systemic and vary by geography, affecting both internal operations and distribution [91][92]

THE J.M. SMUCKER CQ2 First Quarter Fiscal 2022 Earnings SUPPLEMENTARY INFORMATION August 26, 2021 Consolidated Results | --- | --- | --- | --- | |------------------------------------------|----------|----------|------------| | ($ in millions, except per share data) | FY22 Q1 | FY21 Q1 | YoY Change | | Net Sales | $1,858.0 | $1,971.8 | (6%) | | Adjusted Gross Profit | $646.2 | $759.2 | (15%) | | Adjusted Gross Profit Margin | 34.8% | 38.5% | -370bps | | Adjusted Operating Income | $323.4 | $404.5 | (20%) | | ...

For the quarterly period ended: July 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-5111 ___________________________________________________ Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________________________ FORM 10-Q ___________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTIONS 13 OR 15(d) ...