Smucker Q2 adj EPS $2.59 (+8% YoY); FY24 guidance lowered on Hostess Brands acquisition costs

J M SMUCKER Co

2024-Q2 EPS reported $3.69 revenue$3,743,800,000

Net sales $1.94B, down 12% (comparable +7%); net income $1.90 diluted EPS, adj EPS $2.59.
Full-year adj EPS guidance cut to $9.25-$9.65 from $9.45-$9.85; free cash flow forecast reduced to $530M from $650M.
Hostess Brands acquisition adds ~$0.40 unfavorable EPS impact; capex guidance raised to $610M.
U.S. Retail Coffee segment profit fell 9% on $39.1M supplier agreement termination charge.
U.S. Retail Consumer Foods profit +28%, U.S. Retail Pet Foods comparable sales +20%, International profit +45%.

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 0.95

J M SMUCKER Co reported second quarter ended October 31, 2023 results: revenue $1,938.6, net income $1.90 per diluted share, EPS $2.59. Guidance reaffirmed.

Period: second quarter ended October 31, 2023
Revenue: $1,938.6
Net income: $1.90 per diluted share
EPS: $2.59
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Adjusted earnings per share was $2.59, an increase of 8 percent. • Cash provided by operations was $176.9 million compared to $205.0 million in the prior year.

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Source: SEC EDGAR

accession 0000091419-23-000140

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