Financial Data and Key Metrics Changes - The company increased its free cash flow outlook from $875 million to $975 million for the full fiscal year, driven by benefits from the One Big Beautiful Bill Act, which is expected to be an ongoing annual benefit [40][41] - The midpoint guidance for the full year remains at $9, with expectations for overall growth despite increased tariffs impacting costs [10][11] Business Line Data and Key Metrics Changes - The coffee segment's pricing outlook has improved to the mid-20s percentage range, with anticipated volume impacts in the low to mid-teens, leading to overall growth for the segment year over year [8][11] - Milk Bone is expected to return to growth in the second half of the fiscal year, supported by advertising and innovation, despite cautious consumer spending in discretionary categories [18][19] - The Sweet Baked Snacks segment is undergoing SKU rationalization, with expected savings of $30 million, which will begin to impact profitability in the fourth quarter [31][32] Market Data and Key Metrics Changes - The company is seeing ongoing momentum in its coffee portfolio, with strong performance expected in the fourth quarter, which is projected to have the highest margins [34][36] - The away-from-home business continues to show positive trends, contributing to overall growth [44] Company Strategy and Development Direction - The company is focused on strategic investments, consumer-led innovation, and shifting its portfolio towards growth, while managing controllable factors and reacting positively to external challenges [75] - The dedicated sales organization aims to enhance execution and focus on key areas to drive growth [22] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the impact of increased tariffs on coffee but remains optimistic about the resilience of the coffee category and the strength of its brands [58][60] - The company is monitoring the impact of GLP-1 drugs on consumer behavior but has not seen a meaningful effect on its product categories thus far [50][62] Other Important Information - The company plans to achieve a three times leverage profile by the end of fiscal 2027 through ongoing debt paydown efforts [41] - The company is actively engaging with industry associations to advocate for favorable trade policies and tariff relief [49] Q&A Session Summary Question: Updated expectations on coffee pricing due to tariffs - The coffee segment's pricing outlook is now in the mid-20s, with additional pricing actions expected in early winter due to increased tariffs [8] Question: Changes in EPS guidance and quarterly performance - The overall profit outlook for coffee remains intact, with some profit shifting to the third and fourth quarters due to timing of costs [29] Question: Impact of SKU rationalization on volume - SKU rationalization did not impact volume in the first quarter, and the company expects to see improvements in profitability over time [25][32] Question: Future visibility and confidence in fiscal 2027 - The company has a positive outlook for fiscal 2027, driven by strong margins in the coffee portfolio and growth in key brands [34] Question: Impact of GLP-1 drugs on consumer behavior - Management has not observed a significant impact from GLP-1 drugs on its product categories, as consumer preferences remain stable [50][62]

Financial Performance - Net sales decreased by 1% to $2,113.3 million[5] - Comparable net sales increased by 2%[2] - Adjusted earnings per share decreased by 22% to $1.90[2, 5] - Free cash flow was ($94.9) million, a decrease compared to $49.2 million in the prior year[2] - Adjusted gross profit decreased by 11% to $743.2 million[5] - Adjusted operating income decreased by 17% to $370.3 million[5] Segment Performance - U S Retail Coffee net sales increased by 15% to $717.2 million[14] - Sweet Baked Snacks net sales decreased by 24% to $253.2 million[14] - International and Away From Home net sales increased by 7% to $290.2 million[14] Fiscal Year 2026 Outlook - The company updated its full-year fiscal 2026 financial outlook[3] - Net sales are expected to increase by 3% to 5%[16] - Free cash flow is projected to be $975 million[16]

NEW YORK, Aug. 27, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into The J.M. Smucker Company (NYSE: SJM) for potential violations of the federal securities laws. If you invested in J.M. Smucker, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/the-jm-smucker-company-class-action-lawsuit. Why Is J.M. Smucker being Investigated? J.M. Smucker manufactures and markets branded food and beverage products. I ...

NEW YORK, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into The J.M. Smucker Company (NYSE: SJM) for potential violations of the federal securities laws. If you invested in J.M. Smucker, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/the-jm-smucker-company-class-action-lawsuit. Why Is J.M. Smucker being Investigated? J.M. Smucker manufactures and markets branded food and beverage products. I ...

NEW YORK, Aug. 23, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into The J.M. Smucker Company (NYSE: SJM) for potential violations of the federal securities laws. If you invested in J.M. Smucker, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/the-jm-smucker-company-class-action-lawsuit. Why Is J.M. Smucker being Investigated? J.M. Smucker manufactures and markets branded food and beverage products. I ...

Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short- term price performance of a stock. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.7% to its current level. This demonstrates the ...

Core Insights - Pomerantz LLP is investigating claims on behalf of investors of The J.M. Smucker Company regarding potential securities fraud or unlawful business practices [1] - Smucker's acquisition of Hostess Brands for approximately $5.5 billion has led to significant financial challenges, including substantial impairment charges and declining sales in the Sweet Baked Snacks segment [3] Financial Performance - On November 7, 2023, Smucker completed the acquisition of Hostess Brands, recording $2.4 billion as goodwill in the Sweet Baked Snacks segment [3] - Q3 2025 results showed an 8% decrease in comparable net sales in Sweet Baked Snacks, alongside a $794 million impairment charge related to goodwill and a $208 million impairment charge for the Hostess Brand trademark [3] - Q4 2025 results revealed a further 14% decrease in comparable net sales in Sweet Baked Snacks, with an additional $867 million impairment charge for goodwill and a $113 million impairment charge for the Hostess Brand trademark [3] - Following the disappointing results, Smucker's stock price fell by $17.44 per share, or 15.59%, closing at $94.41 per share on June 10, 2025 [3] Strategic Outlook - The company has updated its 2026 financial plan to reflect decreased net sales in the Sweet Baked Snacks segment, indicating sustained underperformance since the acquisition [3]

NEW YORK, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into The J.M. Smucker Company (NYSE: SJM) for potential violations of the federal securities laws. If you invested in J.M. Smucker, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/the-jm-smucker-company-class-action-lawsuit. Why Is J.M. Smucker being Investigated? J.M. Smucker manufactures and markets branded food and beverage products. I ...

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 substantial decline in stock price [1][3]. Group 1: Company Overview - J.M. Smucker manufactures and markets branded food and beverage products, including the recently acquired Hostess Brands, Inc., which specializes in sweet baked goods [2]. - The company previously claimed that the Hostess acquisition was "highly complementary" and that trends in sweet snacking were favorable [2]. Group 2: Financial Performance - In Q4 2025, J.M. Smucker reported an $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 due to underperformance [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].

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: Company Overview - J.M. Smucker manufactures and markets branded food and beverage products, including the recently acquired Hostess Brands, Inc., which specializes in sweet baked goods [2]. - The company previously claimed that the Hostess acquisition was "highly complementary" and that trends in sweet snacking were favorable [2]. Group 2: Financial Performance - In Q4 2025, J.M. Smucker reported an $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 due to underperformance [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].