Financial Results Announcement - The J.M. Smucker Co. will release its first quarter fiscal 2026 financial results on August 27, 2025, with a press release available at 7:00 a.m. Eastern Time [1] - A live question and answer session will be held with CEO Mark Smucker and CFO Tucker Marshall at 9:00 a.m. Eastern Time on the same day [1] Upcoming Conference Participation - The company will participate in the 2025 Barclays Global Consumer Staples Conference on September 2, 2025, at 12:45 p.m. Eastern Time [2] - Live webcasts and replays for both events will be accessible on the company's investor website [2] Company Overview - The J.M. Smucker Co. offers a diverse range of food products, leading in categories such as coffee, peanut butter, fruit spreads, and pet food [3] - The company is committed to quality production, responsible operations, and making a positive societal impact [3]

Core Insights - The J.M. Smucker Co. announced the planned retirement of Chief Marketing Officer Gail Hollander, effective April 2026, and will begin the search for her replacement [1] - CEO Mark Smucker praised Hollander's contributions to building a strong marketing organization that has supported the growth of the company's iconic brands [1] - Hollander has been with the company since 2023, following a 20-year career at Publicis Groupe, where she played a key role in enhancing Smucker's brand marketing strategy [1][2] Company Overview - The J.M. Smucker Co. offers a diverse portfolio of brands in North America, leading in categories such as coffee, peanut butter, fruit spreads, and pet food [3] - The company is committed to producing quality products and operating responsibly, aiming to make a positive impact on society while growing its business [3]

Core Insights - The J.M. Smucker Co. reported a decrease in net sales for the fourth quarter of fiscal year 2025, totaling $2.1 billion, a decline of 3% compared to the previous year [4][10] - The company experienced significant operating losses due to noncash impairment charges totaling $980 million, impacting overall financial performance [7][10] - The company remains optimistic about fiscal year 2026, projecting net sales growth of 2% to 4% and adjusted earnings per share between $8.50 and $9.50 [13][15] Financial Performance - Net sales for the fourth quarter were $2,143.8 million, down from $2,205.7 million in the prior year, reflecting a 3% decrease [4][10] - Adjusted earnings per share for the quarter were $2.31, a decrease of 13% from $2.66 in the previous year [10] - The company reported a net loss per diluted share of $6.85 for the quarter, compared to a profit of $2.30 in the prior year [10][32] Segment Performance - U.S. Retail Coffee segment saw an increase in net sales by 11%, totaling $738.6 million, driven by higher net pricing [16][38] - U.S. Retail Pet Foods segment experienced a 13% decline in net sales, totaling $395.5 million, primarily due to decreased volume and lower net price realization [21][38] - Sweet Baked Snacks segment reported a significant decline in net sales of 26%, totaling $251.0 million, attributed to lower volume and pricing [23][38] Cash Flow and Debt Management - Cash provided by operations for the quarter was $393.9 million, down from $428.1 million in the prior year [12][10] - Free cash flow for the quarter was $298.9 million, slightly up from $297.5 million in the previous year [12][10] - The company returned $114.5 million to shareholders through dividends in the quarter [10][12] Future Outlook - The company anticipates net sales growth of 2% to 4% for fiscal year 2026, with adjusted earnings per share projected between $8.50 and $9.50 [13][15] - The guidance reflects expectations of higher net price realization, despite anticipated declines in volume/mix [14][15] - The adjusted effective income tax rate is expected to be around 23.7% for the upcoming fiscal year [13][15]

ORRVILLE, Ohio, May 13, 2025 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) will release its fourth quarter fiscal 2025 financial results on Tuesday, June 10, 2025. A press release, including financial statements and segment information, supplemental materials, pre-recorded management remarks, and a transcript of the pre-recorded remarks will be available beginning at 7:00 a.m. Eastern Time. The Company will webcast a live question and answer session with Mark Smucker, Chair of the Board and Chief Executi ...

Core Insights - The J.M. Smucker Co. has promoted John Brase to President and Chief Operating Officer, effective April 30, 2025, reflecting his significant contributions to the company's performance over the past five years [1][2] - Brase will oversee multiple segments including U.S. Retail Coffee, U.S. Retail Frozen Handheld and Spreads, U.S. Retail Pet Foods, and Sweet Baked Snacks, along with International and Away from Home businesses [1][3] - His role will also involve external engagements and participation in industry associations to enhance the company's influence [1][2] Company Background - John Brase has over three decades of experience in the consumer goods industry, having served as Chief Operating Officer since 2020 [3] - His leadership has been pivotal in improving the strategic and operational execution of the company, focusing on growth brands and simplification [4] - Brase was instrumental in establishing the Transformation Office, which has led to significant cost savings and productivity improvements [4] Strategic Vision - Brase expressed enthusiasm for his new responsibilities and aims to advance the company's strategy and growth platforms [5] - The J.M. Smucker Co. is committed to producing quality products across various categories, including coffee, peanut butter, and pet foods, with a focus on ethical operations and societal impact [6]

Core Viewpoint - The J.M. Smucker Co. has completed the divestiture of its Cloverhill and Big Texas brands, along with certain private label products, to JTM Foods for approximately $40 million, as part of its strategy to optimize its portfolio and focus on the Hostess brand [1][2]. Group 1: Transaction Details - The transaction is valued at approximately $40 million, subject to a working capital adjustment, and includes relevant trademarks, licenses, and a manufacturing facility in Chicago, along with about 400 employees transitioning to JTM [1]. - The divestiture is expected to impact fiscal year 2025 net sales by approximately $10 million and will be immaterial to full-year adjusted earnings per share [3]. Group 2: Strategic Implications - The divestiture reflects the company's commitment to portfolio optimization and resource prioritization to support the Hostess brand's growth in the sweet baked goods category [2]. - The decision aligns with the company's key pillars aimed at returning the Hostess brand to growth, including cost mitigation and reducing complexity within its manufacturing network [2]. Group 3: Financial Guidance - The company maintains its fiscal year 2025 guidance as communicated in its most recent quarterly earnings announcement on February 27, 2025 [3].