---
schema_version: "secwatch.filing_event.v1"
accession: "0000091419-23-000111"
form_type: "8-K"
ticker: "SJM"
cik: "0000091419"
company_name: "J M SMUCKER Co"
filed_at: "2023-08-29T23:59:59+00:00"
generated_at: "2026-06-11T02:44:07.586197+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Smucker Q1 adj EPS $2.21 beats prior year $1.67; raises FY EPS guidance to $9.45-$9.85

## Summary
- Net sales $1,805.2M, down 4% (up 21% excl. divestiture and FX); adjusted EPS $2.21, up 32% YoY.
- U.S. Retail Consumer Foods net sales up 49% ($464M) driven by Jif recall lapping and Uncrustables growth.
- U.S. Retail Pet Foods comparable net sales up 22% despite divestiture; segment profit down $39M due to prior year divested brands.
- Full-year FY24 adj EPS guidance raised to $9.45-$9.85 from $9.20-$9.60; free cash flow reaffirmed at $650M.
- Repurchased 2.4M shares for $372M in Q1; free cash flow $67.6M vs -$127.3M prior year.

## SEC filing metadata
- accession: 0000091419-23-000111
- form_type: 8-K
- ticker: SJM
- cik: 0000091419
- company_name: J M SMUCKER Co
- filed_at: 2023-08-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91419/000009141923000111/0000091419-23-000111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91419/000009141923000111/sjm-20230829.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000091419-23-000111
- JSON: https://secwatch.observer/filing/0000091419-23-000111.json
- Plain text: https://secwatch.observer/filing/0000091419-23-000111.txt

## Key facts
- Earnings Releases
  J M SMUCKER Co reported first quarter ended July 31, 2023 results: revenue $1,805.2, net income $1.79, EPS $1.79. Guidance raised.
  - Period: first quarter ended July 31, 2023
  - Revenue: $1,805.2
  - Net income: $1.79
  - EPS: $1.79
  - Guidance: raised
  - Result: reported results
  source text: value." FIRST QUARTER CONSOLIDATED RESULTS Three Months Ended July 31, 2023 2022 % Increase (Decrease) (Dollars and shares in millions, except per share data) Net sales $1,805.2 $1,873.0 (4) % Operating income $303.5 $179.7 69 % Adjusted operating income 331.7 270.0 23 % Net income per common share – assuming dilution $1.79 $1.03 74 % Adjusted earnings
  evidence_url: https://www.sec.gov/Archives/edgar/data/91419/000009141923000111/0000091419-23-000111-index.htm

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