According to Bank of America Global Research, SJM is one of the largest U.S. food manufacturing and foodservice companies, with $8.179bn in sales and $1.636bn in sales and operating profit in FY24 across its five main sectors: U.S. Retail Frozen Handheld and Spreads, U.S. Retail Prozen Handheld and Spreet Baked Snacks and International and Away from Home. Earlier this month, SIM reported a mixed set of quarterly results. Q4 non-GAAP EPS of $2.66 easily topped the Wall Street consensus of $2.33, but revenue ...

JHVEPhoto/iStock Editorial via Getty Images Shares of The J. M. Smucker Company (NYSE:SJM) looked a lot better already in December of last year, in my view. This came after shares fell from the $140s in September 2023 to a level around the $118 mark, after a $5.6 billion deal for Hostess raised quite some questions on leverage, strategy, and in fact its growth potential. Amidst a non-demanding earnings multiple, I was concerned about the nature of the deal, leverage incurred, and a high-interest rate enviro ...

SJM's performance in the fourth quarter and the full year reflects the strength of its business and solid demand for its leading brands. Management attributed the company's success to superior execution and disciplined cost management, which were vital in a dynamic operating landscape. SJM's transformed portfolio, bolstered by the recent buyout of Hostess Brands, has set the stage for long-term growth across key platforms such as coffee, Uncrustables frozen sandwiches, dog snacks, cat food and sweet baked s ...

The company behind the eponymous jelly, Jif peanut butter, and Folgers coffee posted fourth-quarter fiscal 2024 adjusted earnings per share (EPS) of $2.66, above the $2.32 consensus of analysts compiled by Visible Alpha. Revenue fell 1.3% to $2.21 billion, missing forecasts. Smucker CEO Says Results Driven by 'Disciplined Cost Management' Sweet baked snacks, a specialty of Hostess Brands, made up more than 15% of Smucker's revenue in the quarter. Smucker completed its $5.6 billion purchase of Hostess Brands ...

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here i ...

Over the last four quarters, the company has surpassed consensus EPS estimates four times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Smucker has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Empirical research shows a strong correlation between near-term stock movements and t ...

The J. M. Smucker Company (NYSE:SJM) Q4 2024 Earnings Conference Call June 6, 2024 7:00 AM ET Company Participants Aaron Broholm - Vice President of Investor Relations Mark Smucker - President and Chief Executive Officer Tucker Marshall - Chief Financial Officer Conference Call Participants Aaron Broholm Good morning, this is Aaron Broholm, Vice President, Investor Relations for The J. M. Smucker Company. Thank you for listening to our prepared remarks on our Fiscal 2024 Fourth Quarter Earnings. After this ...

The J.M. Smucker Co. Announces Fiscal Year 2024 Fourth Quarter Results ORRVILLE, Ohio, June 6, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced results for the fourth quarter of its fiscal year ending April 30, 2024. Financial results for the fourth quarter and fiscal year reflect the divestiture of the Canada condiment business on January 2, 2024, acquisition of Hostess Brands, Inc. ("Hostess Brands") on November 7, 2023, divestiture of the Sahale Snacks business on November 1, 2023, a ...

The J. M. Smucker Company (SJM) is likely to register top-line growth when it reports fourth-quarter fiscal 2024 earnings on Jun 6. The Zacks Consensus Estimate for revenues is pegged at $2.25 billion, which suggests an increase of 0.5% from the prior-year quarter's reported figure. The consensus mark for quarterly earnings has decreased by 1 cent in the past 30 days to $2.32 per share. This indicates a decline of 12.1% from the year-ago quarter's reported figure. SJM has a trailing four-quarter earnings su ...

In its upcoming report, Smucker (SJM) is predicted by Wall Street analysts to post quarterly earnings of $2.32 per share, reflecting a decline of 12.1% compared to the same period last year. Revenues are forecasted to be $2.25 billion, representing a year-over-year increase of 0.5%. Over the last 30 days, there has been a downward revision of 0.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial for ...