secwatch.observer — SEC 8-K summary
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Issuer:     J M SMUCKER Co (SJM)
CIK:        0000091419
Form:       8-K
Filed at:   2022-03-01T23:59:59+00:00
Accession:  0000091419-22-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smucker Q3: $150M impairment drives GAAP EPS to $0.64; adjusted EPS $2.33, comparable sales +4%
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- GAAP EPS $0.64 (down 72%) on $150.4M noncash impairment of Rachael Ray Nutrish brand intangible.
- Adjusted EPS $2.33 (down 5%); net sales $2,057M (-1%); comparable sales ex-divestitures/FX +4%.
- U.S. Retail Pet Foods segment profit fell 29% to $95.7M; Coffee +1% to $213.4M; Consumer Foods -10%.
- Full-year adjusted EPS guidance narrowed to $8.35-$8.65 (from $8.35-$8.75); free cash flow outlook $700M reaffirmed.
- Net debt repayments $226.1M in quarter; completed divestitures of private label dry pet food and natural beverage/grains.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91419/000009141922000015/0000091419-22-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91419/000009141922000015/sjm-20220301.htm
  HTML page:      https://secwatch.observer/filing/0000091419-22-000015

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