secwatch.observer — SEC 8-K summary
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Issuer:     J M SMUCKER Co (SJM)
CIK:        0000091419
Form:       8-K
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0000091419-24-000075
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smucker Q1 adj EPS $2.44 (+10%), net sales $2.1B (+18%); cuts FY2025 guidance
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- Q1 adj EPS $2.44, up 10% YoY; GAAP EPS $1.74, down 3% due to amortization and higher interest.
- Net sales $2.1B, up 18% (1% comparable growth); Hostess acquisition added $333.7M.
- Lowers FY2025 guidance: net sales growth 8.5-9.5% (prev 9.5-10.5%), adj EPS $9.60-$10.00 (prev $9.80-$10.20).
- Segment: Frozen Handheld/Spreads +7%, Pet Foods -9%, Coffee flat; Sweet Baked Snacks (Hostess) $333.7M.
- Q1 free cash flow $49.2M vs $67.6M; FY free cash flow guided $875M, capex $450M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91419/000009141924000075/0000091419-24-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91419/000009141924000075/sjm-20240828.htm
  HTML page:      https://secwatch.observer/filing/0000091419-24-000075

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