Smucker Q3 adj EPS $2.48 (+12% YoY); raises comparable sales growth outlook to ~8.75%

J M SMUCKER Co

2024-Q3 EPS reported $4.81 revenue$5,973,000,000

Diluted GAAP EPS $1.13; adjusted EPS $2.48, up 12% YoY. Net sales $2.23B (+1% reported, +6% comparable).
Hostess Brands acquisition contributed $300M in net sales; integration costs impacted GAAP operating income.
U.S. Retail Pet Foods comparable sales up 20% ex-divestitures, led by Meow Mix cat food and Milk-Bone snacks.
Full-year adjusted EPS guidance narrowed to $9.45-$9.65; comparable net sales growth raised to ~8.75% from 8.5-9.0%.
Full-year free cash flow outlook lowered to ~$500M from $530M; capex unchanged at $610M.

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 1.0

J M SMUCKER Co reported the third quarter ended January 31, 2024 results: revenue $2,229.2, EPS $1.13 per diluted share.

Period: the third quarter ended January 31, 2024
Revenue: $2,229.2
EPS: $1.13 per diluted share
Result: reported results

Exact text from the filing

value." THIRD QUARTER CONSOLIDATED RESULTS Three Months Ended January 31, 2024 2023 % Increase (Decrease) (Dollars and shares in millions, except per share data) Net sales $2,229.2 $2,216.3 1 % Operating income $297.4 $317.9 (6) % Adjusted operating income 457.5 357.6 28 % Net income per common share – assuming dilution $1.13 $1.95 (42) % Adjusted earnings

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

J M SMUCKER Co reported full-year fiscal 2024 results: EPS $9.45 - $9.65 per share.

Period: full-year fiscal 2024
EPS: $9.45 - $9.65 per share
Result: guidance update

Exact text from the filing

Adjusted earnings per share $9.45 - $9.65 $9.25 - $9.65

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Source: SEC EDGAR

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