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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of The J.M. Smucker Company - SJM
GlobeNewswire News Room· 2025-08-13 15:38
Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices by The J.M. Smucker Company and its officers/directors, following disappointing financial results and significant impairment charges related to the acquisition of Hostess Brands [1][3]. Financial Performance - On November 7, 2023, Smucker completed the acquisition of Hostess Brands for approximately $5.5 billion, with $2.4 billion recorded as goodwill in the Sweet Baked Snacks segment [3]. - For Q3 2025, Smucker reported a comparable net sales decrease of 8% in the Sweet Baked Snacks segment, alongside a $794 million impairment charge related to goodwill and a $208 million impairment charge for the Hostess Brand trademark [3]. - In Q4 2025, the company experienced a further 14% decrease in comparable net sales in the Sweet Baked Snacks segment, with an additional $867 million impairment charge for goodwill and a $113 million impairment charge for the Hostess Brand trademark [3]. - Following these announcements, Smucker's stock price dropped by $17.44 per share, or 15.59%, closing at $94.41 per share on June 10, 2025 [3]. Strategic Outlook - The company has revised its 2026 financial plan, indicating decreased net sales in the Sweet Baked Snacks segment due to sustained underperformance since the acquisition, contradicting earlier assurances of synergies driving growth [3].
J.M. SMUCKER STOCK: Lose Money on Your J.M. Smucker Co. (NYSE:SJM) Investment?
GlobeNewswire News Room· 2025-08-13 12:33
Core Viewpoint - J.M. Smucker Company is under investigation for potential violations of federal securities laws following significant impairment charges related to its Sweet Baked Snacks segment and the Hostess brand trademark, which have led to a substantial decline in stock price [1][3]. Group 1: Company Overview - J.M. Smucker manufactures and markets branded food and beverage products, including the recently acquired Hostess Brands, Inc., which specializes in sweet baked goods [2]. - The company characterized the Hostess acquisition as "highly complementary," suggesting positive underlying trends in the snacking category [2]. Group 2: Financial Performance - In Q4 2025, J.M. Smucker reported an $867 million impairment charge related to the goodwill of its Sweet Baked Snacks segment and a $113 million impairment charge for the Hostess brand trademark due to ongoing underperformance [3]. - Following the announcement of these impairment charges, J.M. Smucker's stock price fell by $17.44 per share, a decline of over 18%, from $111.85 on June 9, 2025, to $94.41 on June 10, 2025 [3].
SMUCKER INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. is Investigating J.M.
GlobeNewswire News Room· 2025-08-12 23:29
Core Viewpoint - J.M. Smucker Company is facing legal scrutiny and potential claims regarding violations of federal securities laws and other unlawful business practices following disappointing financial results and significant impairment charges related to its Sweet Baked Snacks segment and the Hostess Brand acquisition [1][3][4]. Financial Performance - On November 7, 2023, Smucker announced the acquisition of Hostess Brands for approximately $5.5 billion, with $2.4 billion recorded as goodwill in the Sweet Baked Snacks segment [3]. - For Q3 2025, Smucker reported an 8% decrease in comparable net sales in the Sweet Baked Snacks segment, alongside a $794 million impairment charge related to goodwill and a $208 million impairment charge for the Hostess Brand trademark [3]. - In Q4 2025, the company reported a 14% decrease in comparable net sales in the Sweet Baked Snacks segment, with an additional $867 million impairment charge for goodwill and a $113 million impairment charge for the Hostess Brand trademark [4]. - Following the Q4 results, Smucker's share price fell by $17.44, or approximately 15.59%, closing at $94.41 per share on June 10, 2025 [4]. Strategic Implications - The company has updated its 2026 financial plan to reflect decreased net sales in the Sweet Baked Snacks segment, indicating a sustained underperformance since the acquisition of Hostess Brands [4].
SJM INVESTIGATION NOTICE: The J.M. Smucker Co. Investors may have been Affected by Fraud -- Contact BFA Law if You Suffered Losses (NYSE:SJM)
GlobeNewswire News Room· 2025-08-11 12:18
Core Viewpoint - J.M. Smucker Company is under investigation for potential violations of federal securities laws following significant financial impairments related to its Sweet Baked Snacks segment and the Hostess brand acquisition [1][2][3]. Group 1: Company Overview - J.M. Smucker manufactures and markets branded food and beverage products, including the recently acquired Hostess Brands, Inc., which specializes in sweet baked goods [2]. - The company characterized the Hostess acquisition as "highly complementary," suggesting positive underlying trends in the snacking category [2]. Group 2: Financial Performance - In Q4 2025, J.M. Smucker reported an $867 million impairment charge related to the goodwill of its Sweet Baked Snacks segment and a $113 million impairment charge for the Hostess brand trademark [3]. - Following the announcement of these impairments, J.M. Smucker's stock price dropped by $17.44 per share, a decline of over 18%, from $111.85 on June 9, 2025, to $94.41 on June 10, 2025 [3]. Group 3: Legal Implications - The investigation by Bleichmar Fonti & Auld LLP suggests that investors may have legal options available due to the company's financial disclosures and performance issues [1][4].
SJM NEWS: Did The J.M. Smucker Co. Mislead Investors?
GlobeNewswire News Room· 2025-08-09 11:36
Core Viewpoint - J.M. Smucker Company is under investigation for potential violations of federal securities laws following significant impairment charges related to its Sweet Baked Snacks segment and the Hostess brand trademark, which have led to a substantial decline in stock price [1][3]. Group 1: Company Overview - J.M. Smucker manufactures and markets branded food and beverage products, including the recently acquired Hostess Brands, Inc., which specializes in sweet baked goods [2]. - The company previously claimed that the Hostess acquisition was "highly complementary" and that trends in sweet snacking were favorable [2]. Group 2: Financial Performance - In Q4 2025, J.M. Smucker reported an $867 million impairment charge related to the goodwill of its Sweet Baked Snacks segment and a $113 million impairment charge for the Hostess brand trademark [3]. - Following the announcement of these impairment charges, J.M. Smucker's stock price fell by $17.44 per share, a decrease of over 18%, from $111.85 on June 9, 2025, to $94.41 on June 10, 2025 [3]. Group 3: Legal Implications - Investors in J.M. Smucker are encouraged to seek additional information regarding potential legal options due to the ongoing investigation and financial disclosures [1][4].
SJM SHAREHOLDERS: The J.M. Smucker Co. Stock Drop Triggers Securities Fraud Investigation – Contact BFA Law if You Lost Money (NYSE:SJM)
GlobeNewswire News Room· 2025-08-07 12:18
Core Viewpoint - J.M. Smucker Company is under investigation for potential violations of federal securities laws following significant impairment charges related to its Sweet Baked Snacks segment and the Hostess brand trademark, which have led to a substantial decline in stock price [1][3]. Group 1: Company Overview - J.M. Smucker manufactures and markets branded food and beverage products, including the recently acquired Hostess Brands, Inc., which specializes in sweet baked goods [2]. - The company previously claimed that the Hostess acquisition was "highly complementary" and that trends in sweet snacking were favorable [2]. Group 2: Financial Performance - In Q4 2025, J.M. Smucker reported an $867 million impairment charge related to the goodwill of its Sweet Baked Snacks segment and a $113 million impairment charge for the Hostess brand trademark due to underperformance [3]. - Following the announcement of these impairment charges, J.M. Smucker's stock price fell by $17.44 per share, or over 18%, from $111.85 on June 9, 2025, to $94.41 on June 10, 2025 [3].
The J.M. Smucker Co. to Report First Quarter Earnings and Participate in the 2025 Barclays Global Consumer Staples Conference
Prnewswire· 2025-08-06 12:00
Financial Results Announcement - The J.M. Smucker Co. will release its first quarter fiscal 2026 financial results on August 27, 2025, with a press release available at 7:00 a.m. Eastern Time [1] - A live question and answer session will be held with CEO Mark Smucker and CFO Tucker Marshall at 9:00 a.m. Eastern Time on the same day [1] Upcoming Conference Participation - The company will participate in the 2025 Barclays Global Consumer Staples Conference on September 2, 2025, at 12:45 p.m. Eastern Time [2] - Live webcasts and replays for both events will be accessible on the company's investor website [2] Company Overview - The J.M. Smucker Co. offers a diverse range of food products, leading in categories such as coffee, peanut butter, fruit spreads, and pet food [3] - The company is committed to quality production, responsible operations, and making a positive societal impact [3]
SJM CLASS ACTION: The J.M. Smucker Co. Investors may have been Affected by Fraud -- Contact BFA Law if You Suffered Losses (NYSE:SJM)
GlobeNewswire News Room· 2025-08-05 12:18
Core Viewpoint - J.M. Smucker Company is under investigation for potential violations of federal securities laws following significant impairment charges related to its Sweet Baked Snacks segment and the Hostess brand trademark, which have led to a notable decline in stock price [1][3]. Group 1: Company Overview - J.M. Smucker manufactures and markets branded food and beverage products, including the recently acquired Hostess Brands, Inc., which specializes in sweet baked goods [2]. - The company characterized the Hostess acquisition as "highly complementary," suggesting positive underlying trends in the snacking category [2]. Group 2: Financial Performance - In Q4 2025, J.M. Smucker reported an $867 million impairment charge related to the goodwill of its Sweet Baked Snacks segment and a $113 million impairment charge for the Hostess brand trademark due to ongoing underperformance [3]. - Following the announcement of these impairment charges, J.M. Smucker's stock price dropped by $17.44 per share, or over 18%, from $111.85 on June 9, 2025, to $94.41 on June 10, 2025 [3].
SJM LEGAL ALERT: Lose Money on Your The J.M. Smucker Co. Investment?
GlobeNewswire News Room· 2025-08-03 11:07
Core Viewpoint - J.M. Smucker Company is under investigation for potential violations of federal securities laws following significant impairment charges related to its Sweet Baked Snacks segment and the Hostess brand trademark, which have led to a substantial decline in stock price [1][3]. Group 1: Company Overview - J.M. Smucker manufactures and markets branded food and beverage products, including the recently acquired Hostess Brands, Inc., which specializes in sweet baked goods [2]. - The company characterized the Hostess acquisition as "highly complementary," suggesting positive underlying trends in the snacking category [2]. Group 2: Financial Performance - In Q4 2025, J.M. Smucker reported an $867 million impairment charge related to the goodwill of its Sweet Baked Snacks segment and a $113 million impairment charge for the Hostess brand trademark due to ongoing underperformance [3]. - Following the announcement of these impairment charges, J.M. Smucker's stock price dropped by $17.44, or over 18%, from $111.85 on June 9, 2025, to $94.41 on June 10, 2025 [3].
SJM BREAKING INVESTIGATION: BFA Law Announces an Investigation into The J.M. Smucker Co. after Significant Impairment Charges – Contact BFA Law if You Lost Money
GlobeNewswire News Room· 2025-08-01 19:37
Core Viewpoint - J.M. Smucker Company is under investigation for potential violations of federal securities laws following significant impairment charges related to its Sweet Baked Snacks segment and the Hostess brand trademark, which have led to a notable decline in stock price [1][3]. Group 1: Company Overview - J.M. Smucker manufactures and markets branded food and beverage products, including the recently acquired Hostess Brands, Inc., which specializes in sweet baked goods [2]. - The company characterized the Hostess acquisition as "highly complementary," suggesting positive underlying trends in the snacking category [2]. Group 2: Financial Performance - In Q4 2025, J.M. Smucker reported an $867 million impairment charge related to the goodwill of its Sweet Baked Snacks segment and a $113 million impairment charge for the Hostess brand trademark due to ongoing underperformance [3]. - Following the announcement of these impairment charges, J.M. Smucker's stock price dropped by $17.44 per share, or over 18%, from $111.85 on June 9, 2025, to $94.41 on June 10, 2025 [3].