secwatch.observer — SEC 8-K summary
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Issuer:     J M SMUCKER Co (SJM)
CIK:        0000091419
Form:       8-K
Filed at:   2022-08-23T23:59:59+00:00
Accession:  0000091419-22-000094
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smucker Q1 adj EPS $1.67 (-12% YoY); raises FY23 guidance despite Jif recall
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- Net sales $1.873B (+1% YoY); ex-divestitures & FX +4%. Jif recall reduced sales by 9%.
- GAAP EPS $1.03 (-27%); adj EPS $1.67 (-12%). Jif recall estimated $0.80 hit to FY EPS.
- U.S. Retail Pet Foods sales +13%, profit +51%; U.S. Retail Coffee sales +10%, profit -4%.
- U.S. Retail Consumer Foods sales -29% (Jif recall); profit -54%. Intl & Away from Home sales +2%, profit -50%.
- FY23 guidance raised: net sales growth 4-5% (prev 3.5-4.5%), adj EPS $8.20-$8.60 (prev $7.85-$8.25).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91419/000009141922000094/0000091419-22-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91419/000009141922000094/sjm-20220823.htm
  HTML page:      https://secwatch.observer/filing/0000091419-22-000094

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer