J. M. Smucker(US:SJM)2021-06-03 18:25Financial Performance - Net sales decreased by 8% year-over-year, from $2,092 million in FY20 Q4 to $1,920.2 million in FY21 Q4[2] - Adjusted gross profit decreased by 10% year-over-year, from $806.4 million to $727.0 million[2] - Adjusted operating income decreased by 28% year-over-year, from $431.2 million to $311.6 million[2] - Adjusted EPS decreased by 26% year-over-year, from $2.57 to $1.89[2] - Free cash flow decreased from $211.3 million to $183.0 million[8] Segment Performance (Net Sales YoY Change) - U S Retail Pet Foods net sales decreased by 12% to $674.6 million[11] - U S Retail Consumer Foods net sales decreased by 13% to $419.8 million[11] - International & Away From Home net sales decreased by 7% to $242.7 million[11] - U S Retail Coffee net sales remained flat at $583.1 million[11] Fiscal Year 2022 Outlook - The company expects a net sales decrease of 3% to 2%[13] - Adjusted EPS is projected to be between $8.70 and $9.10[13] - Free cash flow is estimated at $900 million[13] - Capital expenditures are expected to be $380 million[13]