secwatch.observer — SEC 8-K summary
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Issuer:     J M SMUCKER Co (SJM)
CIK:        0000091419
Form:       8-K
Filed at:   2024-11-26T23:59:59+00:00
Accession:  0000091419-24-000101
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smucker Q2 net sales +17% to $2.27B; adjusted EPS $2.76 vs $2.59; guidance raised
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- Net sales $2.271B, +17% YoY; organic (ex-acq/div) +2%.
- GAAP net loss per share ($0.23) on $260.8M impairment; adj. EPS $2.76 vs $2.59 (+7%).
- Coffee segment profit +19% to $202.7M; Pet Food profit +25% to $121.4M.
- FY25 adjusted EPS guidance raised to $9.70-$10.10 (prev. $9.60-$10.00); free cash flow still $875M.
- Voortman divestiture announced; expected Q3 close; ~$65M revenue, $0.10 EPS impact; proceeds to reduce debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91419/000009141924000101/0000091419-24-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91419/000009141924000101/sjm-20241126.htm
  HTML page:      https://secwatch.observer/filing/0000091419-24-000101

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