Smucker Q4 adj EPS $2.64 (+18%), revenue $2.23B (+10%); FY24 adj EPS guide $9.20-$9.60

J M SMUCKER Co

2023-FY EPS reported -$0.86 revenue$8,529,200,000

Net sales $2.23B, +10% YoY; comparable net sales +11%.
GAAP net loss per share $5.69 on $1.0B pre-tax loss from pet food divestiture.
Adjusted EPS $2.64, +18% YoY; full year adj EPS $8.92.
FY24 guidance: comparable net sales +8.5-9.5%, adj EPS $9.20-$9.60, FCF $650M.
Returned $467.9M to shareholders in Q4 via dividends and buybacks.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

J M SMUCKER Co reported fiscal year 2024 results: EPS $9.20 to $9.60. Guidance initiated.

Period: fiscal year 2024
EPS: $9.20 to $9.60
Guidance: initiated
Result: guidance update

Exact text from the filing

On June 6, 2023, The J. M. Smucker Company (the “Company”) issued a press release announcing the Company’s financial results for the quarter ended April 30, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

J M SMUCKER Co reported the fourth quarter of its fiscal year ending April 30, 2023 results: revenue $2.2 billion, net income Net loss per diluted share for the quarter was $5.69, EPS $2.64.

Period: the fourth quarter of its fiscal year ending April 30, 2023
Revenue: $2.2 billion
Net income: Net loss per diluted share for the quarter was $5.69
EPS: $2.64
Result: reported results

Exact text from the filing

label dry pet food business on December 1, 2021. All comparisons are to the fourth quarter of the prior fiscal year, unless otherwise noted. EXECUTIVE SUMMARY • Net sales were $2.2 billion, an increase of 10 percent. Net sales excluding the impact of divestitures and foreign currency exchange increased 11 percent. • For the fiscal year, net sales were $8.5 billion,

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

J M SMUCKER Co reported the fiscal year ending April 30, 2023 results: revenue $8.5 billion, net income Net loss per diluted share was $0.86, EPS $8.92.

Period: the fiscal year ending April 30, 2023
Revenue: $8.5 billion
Net income: Net loss per diluted share was $0.86
EPS: $8.92
Result: reported results

Exact text from the filing

$2.2 billion, an increase of 10 percent. Net sales excluding the impact of divestitures and foreign currency exchange increased 11 percent. • For the fiscal year, net sales were $8.5 billion, an increase of 7 percent. Net sales excluding the impact of divestitures and foreign currency exchange increased 9 percent. • Net loss per diluted share for the quarter was

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Source: SEC EDGAR

accession 0000091419-23-000052

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