earnings
confidence high
sentiment negative
materiality 0.75
Smucker Q4 adj EPS $2.23 (+18%); FY23 guidance $7.85-$8.25 reflecting Jif recall
J M SMUCKER Co
2022-FY EPS reported
$5.83
revenue$7,998,900,000
- Q4 net sales $2.03B (+6%); adj EPS $2.23 beats prior year $1.89.
- Jif peanut butter recall reserves $52.3M; FY23 impact estimated $0.90/share.
- FY23 guidance: net sales +3.5-4.5%, adj EPS $7.85-$8.25, free cash flow $500M.
- U.S. Retail Coffee sales +11% but segment profit -5% on volume/mix decline.
- Repurchased 2.0M shares for $262.7M in Q4; reduced debt.