---
schema_version: "secwatch.filing_event.v1"
accession: "0000091419-23-000019"
form_type: "8-K"
ticker: "SJM"
cik: "0000091419"
company_name: "J M SMUCKER Co"
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T23:09:42.674977+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Smucker Q3 adj EPS $2.21 (-5% YoY); narrows FY23 sales guidance, reaffirms free cash flow

## Summary
- Net sales $2,216M (+8% YoY); comparable sales +11% on price increases; GAAP EPS $1.95, adj EPS $2.21 (-5%).
- Updated FY23 outlook: net sales growth ~6% (prev 5.5%-6.5%); adj EPS $8.55-$8.75 (prev $8.35-$8.75); FCF $550M.
- Jif peanut butter recall estimated to reduce FY23 adj EPS by $0.80 and net sales by ~2%.
- U.S. Retail Coffee segment profit -4% on volume/mix decline; Pet Foods profit +14% on pricing.
- Cash from ops $584.6M (+33%); free cash flow $442.7M; net debt repayments $303.4M in quarter.

## SEC filing metadata
- accession: 0000091419-23-000019
- form_type: 8-K
- ticker: SJM
- cik: 0000091419
- company_name: J M SMUCKER Co
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/91419/000009141923000019/0000091419-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91419/000009141923000019/sjm-20230228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000091419-23-000019
- JSON: https://secwatch.observer/filing/0000091419-23-000019.json
- Plain text: https://secwatch.observer/filing/0000091419-23-000019.txt

## Key facts
- Earnings Releases
  J M SMUCKER Co reported the third quarter ended January 31, 2023 results: revenue $2,216.3, net income $1.95, EPS $2.21.
  - Period: the third quarter ended January 31, 2023
  - Revenue: $2,216.3
  - Net income: $1.95
  - EPS: $2.21
  - Result: reported results
  source text: potential.” THIRD QUARTER CONSOLIDATED RESULTS Three Months Ended January 31, 2023 2022 % Increase (Decrease) (Dollars and shares in millions, except per share data) Net sales $2,216.3 $2,057.1 8 % Operating income $317.9 $150.6 111 % Adjusted operating income 357.6 377.9 (5) % Net income per common share – assuming dilution $1.95 $0.64 n/m Adjusted earnings per
  evidence_url: https://www.sec.gov/Archives/edgar/data/91419/000009141923000019/0000091419-23-000019-index.htm

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