J. M. Smucker(US:SJM) Globenewswireยท2025-10-15 21:09Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against J.M. Smucker Company for possible violations of federal securities laws and unlawful business practices affecting stockholders [1][2]. Investigation Details - The investigation is focused on the financial performance and business practices of Smucker, particularly following significant impairment charges and disappointing sales results in its Sweet Baked Snacks segment [6]. 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 [6]. - On February 27, 2025, Smucker reported a Q3 2025 net sales decrease of 8% in Sweet Baked Snacks, alongside a $794 million impairment charge related to goodwill and a $208 million impairment charge for the Hostess Brand trademark [6]. - On June 10, 2025, the company announced a Q4 2025 net sales decrease of 14% in Sweet Baked Snacks, with an additional $867 million impairment charge for goodwill and a $113 million impairment charge for the Hostess Brand trademark [6]. - Following these announcements, Smucker's share price fell by $17.44, or approximately 15.59%, closing at $94.41 per share on June 10, 2025 [6].