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SMUCKER INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. Continues Investigating J.M.
J. M. SmuckerJ. M. Smucker(US:SJM) GlobeNewswire News Roomยท2025-08-20 20:39

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against J.M. Smucker Company regarding possible violations of federal securities laws and unlawful business practices following disappointing financial results and significant impairment charges [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, Smucker experienced a 14% decrease in comparable net sales in the Sweet Baked Snacks segment, incurring 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 [4]. Legal Implications - The law firm is encouraging investors who suffered losses in Smucker to contact them to discuss their legal rights and options [1][5].