J. M. Smucker(US:SJM) ZACKS·2024-11-26 15:31Core Insights - Smucker (SJM) reported $2.27 billion in revenue for the quarter ended October 2024, marking a year-over-year increase of 17.2% and exceeding the Zacks Consensus Estimate by 0.19% [1] - The company's EPS for the same period was $2.76, up from $2.59 a year ago, representing a surprise of 9.96% over the consensus estimate of $2.51 [1] Financial Performance Metrics - U.S. Retail Frozen Handheld and Spreads: Reported net sales of $485.20 million, a 4.5% increase year-over-year, but below the average estimate of $487.38 million [3] - U.S. Retail Coffee: Net sales reached $704 million, a 2.7% increase year-over-year, surpassing the average estimate of $694.99 million [3] - U.S. Retail Pet Foods: Reported net sales of $445.40 million, a decrease of 4% year-over-year, exceeding the average estimate of $431.19 million [3] - International and Away From Home: Net sales of $321.10 million, a decline of 1.1% year-over-year, slightly above the average estimate of $317.89 million [3] - Sweet Baked Snacks: Reported net sales of $315.50 million, below the average estimate of $330.44 million [3] Segment Profit Analysis - Sweet Baked Snacks: Segment profit of $70.60 million, below the average estimate of $72.04 million [3] - U.S. Retail Coffee: Segment profit of $202.70 million, exceeding the average estimate of $174.77 million [3] - U.S. Retail Frozen Handheld and Spreads: Segment profit of $116.10 million, slightly above the average estimate of $114.24 million [3] - International and Away From Home: Segment profit of $68 million, surpassing the average estimate of $64.74 million [3] - U.S. Retail Pet Foods: Segment profit of $121.40 million, exceeding the average estimate of $110.88 million [3] Stock Performance - Over the past month, Smucker's shares have returned -1.6%, while the Zacks S&P 500 composite has increased by 3.2% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]