secwatch.observer — SEC 8-K summary
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Issuer:     J M SMUCKER Co (SJM)
CIK:        0000091419
Form:       8-K
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0000091419-23-000111
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91419/000009141923000111/0000091419-23-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91419/000009141923000111/sjm-20230829.htm
  HTML page:      https://secwatch.observer/filing/0000091419-23-000111

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer