SJM SECURITIES NEWS: Why did J.M. Smucker Co. Stock Drop 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: Investigation Details - Bleichmar Fonti & Auld LLP is investigating J.M. Smucker for potential violations of federal securities laws [1]. - The investigation is prompted by the company's acquisition of Hostess Brands in November 2023, which was initially described as "highly complementary" [2]. - Contrary to the company's statements, the Sweet Baked Snacks segment has reportedly deteriorated due to declining trends in sweet snacking [2]. Group 2: Financial Impact - On June 10, 2025, J.M. Smucker reported a $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, or over 18%, from $111.85 on June 9, 2025, to $94.41 on June 10, 2025 [3].