---
schema_version: "secwatch.filing_event.v1"
accession: "0000091419-22-000138"
form_type: "8-K"
ticker: "SJM"
cik: "0000091419"
company_name: "J M SMUCKER Co"
filed_at: "2022-11-21T23:59:59+00:00"
generated_at: "2026-06-21T15:29:32.908612+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Smucker Q2 net sales +8% to $2.205B; raises FY23 adj EPS and sales guidance

## Summary
- Net sales $2.205B, +8% YoY; organic sales +11%; GAAP EPS $1.79, adj EPS $2.40 (-1%).
- Raises FY23 adj EPS outlook to $8.35-$8.75 (prior $8.20-$8.60), net sales growth to 5.5-6.5%.
- Jif peanut butter recall estimated to reduce FY23 net sales by ~2% and EPS by ~$0.80.
- U.S. Retail Coffee revenue +10% but segment profit -10%; Pet Foods revenue +9%, profit +21%.
- Free cash flow guidance unchanged at ~$550M; capex $550M.

## SEC filing metadata
- accession: 0000091419-22-000138
- form_type: 8-K
- ticker: SJM
- cik: 0000091419
- company_name: J M SMUCKER Co
- filed_at: 2022-11-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91419/000009141922000138/0000091419-22-000138-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91419/000009141922000138/sjm-20221121.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000091419-22-000138
- JSON: https://secwatch.observer/filing/0000091419-22-000138.json
- Plain text: https://secwatch.observer/filing/0000091419-22-000138.txt

## Key facts
- Earnings Releases
  J M SMUCKER Co reported Three Months Ended October 31, 2022 results: revenue $2,205.1, EPS $1.79.
  - Period: Three Months Ended October 31, 2022
  - Revenue: $2,205.1
  - EPS: $1.79
  - Result: reported results
  source text: Three Months Ended October 31, 2022 2021 % Increase (Decrease) (Dollars and shares in millions, except per share data) Net sales $2,205.1 $2,050.0 8 % Operating income $293.4 $311.8 (6) % Adjusted operating income 379.6 387.9 (2) % Net income per common share – assuming dilution $1.79 $1.90 (6) %
  evidence_url: https://www.sec.gov/Archives/edgar/data/91419/000009141922000138/0000091419-22-000138-index.htm
- Earnings Releases
  J M SMUCKER Co reported full-year fiscal 2023 results: revenue 5.5% - 6.5%, EPS $8.35 - $8.75. Guidance raised.
  - Period: full-year fiscal 2023
  - Revenue: 5.5% - 6.5%
  - EPS: $8.35 - $8.75
  - Guidance: raised
  - Result: guidance update
  source text: The Company updated its full-year fiscal 2023 guidance as summarized below: Current Previous Net sales increase vs prior year 5.5% - 6.5% 4.0% - 5.0% Adjusted earnings per share $8.35 - $8.75 $8.20 - $8.60
  evidence_url: https://www.sec.gov/Archives/edgar/data/91419/000009141922000138/0000091419-22-000138-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.