secwatch.observer — SEC 8-K summary
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Issuer:     J M SMUCKER Co (SJM)
CIK:        0000091419
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0000091419-23-000140
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91419/000009141923000140/0000091419-23-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91419/000009141923000140/sjm-20231205.htm
  HTML page:      https://secwatch.observer/filing/0000091419-23-000140

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