Group 1: Company Overview - The J. M. Smucker Company (SJM) is facing challenges entering fiscal 2026, with gross margin pressures due to cost inflation, unfavorable product mix, and soft volumes [1] - In Q4 of fiscal 2025, SJM reported a 9% year-over-year decline in adjusted gross profit and an 8% drop in adjusted operating income, primarily due to higher costs and reduced sales volume [1][8] Group 2: Financial Forecast - SJM expects the fiscal 2026 adjusted gross profit margin to be between 35.5% and 36%, influenced by elevated commodity and manufacturing costs, as well as negative volume/mix [2] - The company anticipates a 3% year-over-year increase in selling, distribution, and administrative expenses in fiscal 2026, driven by higher marketing investments for key growth brands [3] Group 3: Strategic Focus - SJM is focusing on brand investment and operational efficiency to overcome margin pressures, which will require disciplined cost control and sustained consumer demand [4] - The total marketing spend is projected to reach 5.7% of net sales, an increase of 30 basis points from the previous year, aimed at supporting brands like Cafe Bustelo and Uncrustables [3][8] Group 4: Industry Context - SJM's peers, such as Conagra Brands and Lamb Weston, are also managing inflationary pressures and shifting consumer demand, with Conagra facing a 389 basis point decline in adjusted gross margin due to elevated costs [5] - Lamb Weston reported a 9% global volume growth while executing over 30 strategic projects, despite a 5% decline in price/mix due to pricing adjustments [6] Group 5: Stock Performance and Valuation - SJM shares have decreased by 5.5% over the past year, contrasting with the industry's growth of 3.1% [7] - The company trades at a forward price-to-earnings ratio of 11.06X, below the industry average of 16.01X [10]

The J. M. Smucker Company (SJM) Q4 2025 Earnings Call June 10, 2025 09:00 AM ET Company Participants Crystal Beiting - VP - Investor Relations & FP&AMark Smucker - CEO & Chair of the BoardTucker Marshall - CFOKenneth Goldman - Managing DirectorRobert Moskow - Managing Director Conference Call Participants Andrew Lazar - AnalystPeter Galbo - AnalystChristopher Carey - Equity Analyst - Head of Consumer Staples ResearchThomas Palmer - Vice President, Senior Equity Research AnalystMegan Clapp - Equity Research ...

The J. M. Smucker Company (SJM) Q4 2025 Earnings Call June 10, 2025 09:00 AM ET Speaker0 Good morning and welcome to The J. M. Smucker Company's Fiscal twenty twenty five Fourth Quarter Earnings Question and Answer Session. This conference call is being recorded. And all participants are in a listen only mode. Please limit yourselves to two questions and re queue if you have additional questions. I'll now turn the conference call over to Crystal Beiding, Vice President, Investor Relations and Financial Plan ...

The J. M. Smucker Company (SJM) Q4 2025 Earnings Call June 10, 2025 07:00 AM ET Company Participants Crystal Beiting - VP - Investor RelationsMark Smucker - CEO & Chair of the BoardTucker Marshall - CFO Crystal Beiting Good morning. This is Crystal Beiting, vice president, investor relations and financial planning and analysis for the J. M. Smucker Company. Thank you for listening to our prepared remarks on our fiscal twenty twenty five fourth quarter earnings. After this brief introduction, Mark Smucker, C ...

The J. M. Smucker Company (SJM) Q4 2025 Earnings Call June 10, 2025 07:00 AM ET Speaker0 Good morning. This is Crystal Beiting, vice president, investor relations and financial planning and analysis for the J. M. Smucker Company. Thank you for listening to our prepared remarks on our fiscal twenty twenty five fourth quarter earnings. After this brief introduction, Mark Smucker, Chief Executive Officer and Chair of the Board, will provide a business and strategy update. Tucker Marshall, Chief Financial Offic ...