secwatch.observer — SEC 8-K summary
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Issuer:     J M SMUCKER Co (SJM)
CIK:        0000091419
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0000091419-24-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91419/000009141924000008/0000091419-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91419/000009141924000008/sjm-20240227.htm
  HTML page:      https://secwatch.observer/filing/0000091419-24-000008

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