secwatch.observer — SEC 8-K summary
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Issuer:     J M SMUCKER Co (SJM)
CIK:        0000091419
Form:       8-K
Filed at:   2022-11-21T23:59:59+00:00
Accession:  0000091419-22-000138
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91419/000009141922000138/0000091419-22-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91419/000009141922000138/sjm-20221121.htm
  HTML page:      https://secwatch.observer/filing/0000091419-22-000138

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