The J. M. Smucker Company (SJM) posted robust second-quarter fiscal 2025 results, wherein both the top and bottom lines increased year over year and beat the Zacks Consensus Estimate. Shares of the company rose nearly 6% in the pre-market trading session on Tuesday.The company's strong fiscal second-quarter performance reflects the resilience of its categories and the effective execution of key growth strategies. Organic net sales and earnings growth were driven by strong contributions from brands such as U ...

Shares of J.M. Smucker (SJM 7.51%) jumped on Tuesday morning after the company reported strong profits for its fiscal 2025 second quarter and raised its full-year guidance. As of 10:40 a.m. ET, the stock was up by about 8%.Profits for this food company are strongWhen it comes to Smucker, many people only think about jams and jellies, but in recent years, it has diversified its food portfolio to include coffee, pet food, and  -- with its acquisition of Hostess about a year ago -- snack cakes.J.M. Smucker gre ...

Smucker (SJM) reported $2.27 billion in revenue for the quarter ended October 2024, representing a year-over-year increase of 17.2%. EPS of $2.76 for the same period compares to $2.59 a year ago.The reported revenue represents a surprise of +0.19% over the Zacks Consensus Estimate of $2.27 billion. With the consensus EPS estimate being $2.51, the EPS surprise was +9.96%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

Smucker (SJM) came out with quarterly earnings of $2.76 per share, beating the Zacks Consensus Estimate of $2.51 per share. This compares to earnings of $2.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.96%. A quarter ago, it was expected that this food maker would post earnings of $2.18 per share when it actually produced earnings of $2.44, delivering a surprise of 11.93%.Over the last four quarters, the company has sur ...

Financial Data and Key Metrics - Net sales increased by 17% in the quarter, exceeding expectations, with comparable net sales up 2% [39] - Adjusted gross profit increased by $129 million (17%) compared to the prior year, driven by favorable volume/mix and higher net price realization [42] - Adjusted operating income increased by $105 million (27%), reflecting higher adjusted gross profit and the lapping of a prior-year charge [43] - Adjusted earnings per share (EPS) for the quarter was $2.76, a 7% increase versus the prior year [45] - Free cash flow for the quarter was $317 million, compared to $28 million in the prior year [54] - The company anticipates full-year adjusted EPS to be in the range of $9.70 to $10.10, reflecting a $0.10 increase at the mid-point of the guidance range [62] Business Line Performance - **Uncrustables**: Net sales grew by 16%, driven by advertising, distribution gains, and new merchandising investments. Full-year net sales for the brand are expected to exceed $900 million [8][11] - **Pet Foods**: Milk-Bone and Meow Mix brands contributed positive volume/mix growth, with Milk-Bone showing mid-single-digit growth and Meow Mix achieving high-single-digit growth [12][13] - **Coffee**: Café Bustelo grew net sales by 20%, continuing its double-digit growth momentum. The Folgers brand also saw a 5% increase in net sales [15][46] - **Hostess Brand**: Net sales were below expectations due to consumer spending selectivity and underperformance in distribution and merchandising. The company is taking actions to return the brand to growth [16][17][18] Market Performance - **U.S. Retail Coffee**: Net sales increased by 3%, driven by higher net price realization, with Café Bustelo growing 20% and Folgers growing 5% [29][46] - **U.S. Retail Frozen Handheld and Spreads**: Net sales increased by 5%, with Uncrustables and Jif brands driving growth [31][48] - **U.S. Retail Pet Foods**: Reported net sales decreased by 4%, but excluding divested brands, net sales increased by 1%, driven by Meow Mix and Milk-Bone [32][50] - **Away From Home**: Comparable net sales grew by 8%, driven by Uncrustables and portion control products [35][52] Strategic Initiatives and Industry Competition - The company is prioritizing key growth platforms, including Uncrustables, Pet Foods, Coffee, and Hostess, with a focus on innovation, distribution, and marketing [7][8][16] - The Hostess brand is undergoing a modernization effort, including new packaging, marketing campaigns, and distribution expansion to drive growth [20][21][22] - The company is leveraging cross-promotional opportunities between Hostess and legacy Smucker brands to drive revenue synergies [25][26] - The divestiture of the Voortman business aligns with the strategy to focus on core growth opportunities [24] Management Commentary on Operating Environment and Future Outlook - The company is operating in a dynamic consumer environment but remains resilient, with strong demand for its iconic brands [7] - Inflationary pressures and reduced discretionary spending are impacting certain categories, such as sweet baked goods and pet snacks [17][33] - The company is confident in its ability to deliver long-term sustainable growth and generate over $1 billion in free cash flow annually [36] - The company plans to prioritize debt reduction, targeting a leverage ratio of 3 times or below by the end of fiscal year 2027 [56] Other Important Information - The company successfully started production at its third Uncrustables manufacturing facility in McCalla, Alabama, which will support further growth [8] - The company is launching new products and seasonal offerings, such as Peanut Butter and Raspberry spread Uncrustables, to drive consumer trial and awareness [9][10] - The company is refreshing the Meow Mix brand with new packaging and innovation to elevate the mealtime experience for cats and pet parents [13][14] Q&A Session Summary - No specific questions or answers were provided in the transcript [67]

FISCAL 2025 SECOND QUARTER RESULTS SUPPLEMENTARY INFORMATION November 26, 2024 EXECUTIVE SUMMARY Net sales increased 17%. Comparable net sales (A) increased 2%. Net loss per diluted share was $0.23. Adjusted earnings per share was $2.76, an increase of 7%. Free cash flow was $317.2 million, compared to $28.2 million in the prior year. Updated full-year fiscal 2025 financial outlook. (A) Excludes the noncomparable impact to net sales of the Hostess Brands acquisition, divestitures, and foreign currency excha ...

Exhibit 99.1 The J.M. Smucker Co. Announces Fiscal 2025 Second Quarter Results ORRVILLE, Ohio, Nov. 26, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced results for the second quarter ended October 31, 2024, of its 2025 fiscal year. Financial results for the second quarter of fiscal year 2025 reflect the divestiture of the Canada condiment business on January 2, 2024, acquisition of Hostess Brands, Inc. ("Hostess Brands") on November 7, 2023, and divestiture of the Sahale Snacks busines ...

Wall Street analysts expect Smucker (SJM) to post quarterly earnings of $2.50 per share in its upcoming report, which indicates a year-over-year decline of 3.5%. Revenues are expected to be $2.27 billion, up 16.9% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.8% 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.Ahead of a company's earnings d ...

The J. M. Smucker Company (SJM) is likely to register top-line growth when it reports second-quarter fiscal 2025 earnings on Nov. 26. The Zacks Consensus Estimate for revenues is pegged at $2.27 billion, implying a 16.9% increase from the prior-year quarter’s reported figure. The consensus mark for earnings has risen by a penny in the past 30 days to $2.50 per share, though it indicates a 3.5% decline from the figure reported in the year-ago quarter. SJM has a trailing four-quarter earnings surprise of 10.2 ...

The market expects Smucker (SJM) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended October 2024. 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on N ...