secwatch.observer — SEC 8-K summary
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Issuer:     J M SMUCKER Co (SJM)
CIK:        0000091419
Form:       8-K
Filed at:   2021-11-23T23:59:59+00:00
Accession:  0000091419-21-000105
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

J.M. Smucker beats Q2 expectations, raises FY2022 guidance; adjusted EPS $2.43, comparable sales +8%
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- Net sales $2.05B (+1% reported, +8% excl. divestitures and FX); adjusted EPS $2.43 (+2%) vs $2.39 prior year.
- Full-year adjusted EPS guidance raised to $8.35-$8.75 from $8.25-$8.65; net sales outlook improved to (0.5%)-0.5%.
- Cash from ops $165.1M (-56%); free cash flow $105.9M vs $326.3M prior year due to working capital timing.
- U.S. Retail Coffee net sales +8% to $645.1M; segment profit +3% led by Dunkin' and Café Bustelo brands.
- U.S. Retail Consumer Foods net sales -8% reported but +9% excl. Crisco; Uncrustables and Jif drove volume growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91419/000009141921000105/0000091419-21-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91419/000009141921000105/sjm-20211123.htm
  HTML page:      https://secwatch.observer/filing/0000091419-21-000105

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