Highest-materiality recent filing
Smucker beats Q1: adj EPS $3.24 (+71%), raises FY27 guidance
Q1 net sales $2.22B up 5% YoY; adj EPS $3.24 vs $1.90, 71% increase incl $0.84 tariff refund benefit.
Smucker Q4 net sales $2.3B (+6%), adj EPS $2.77 (+20%); FY2027 adj EPS guidance $9.75-$10.25
Q4 net sales $2.27B, up 6% YoY; net price realization +10pp, volume/mix -4pp.
Smucker Q3 adj EPS $2.38 (-9% YoY); net sales up 7% to $2.34B; FY26 EPS outlook reaffirmed
Net sales $2.34B (+7% YoY, +8% comparable); net loss per share $6.79 on $548M noncash impairment charge.
Smucker adds two directors after Elliott engagement; board expands to 11
Woo-Sung (Bruce) Chung (NRG Energy CFO) and David Singer (ex-Snyder's-Lance CEO) to join board effective April 15, 2026.
J.M. Smucker Q2 net sales up 3% to $2.33B; adj. EPS down 24% to $2.10
Net sales $2.33B, +3% total (+5% comparable); coffee drove 21% sales growth.
Smucker posts Q1 net loss $0.41/share; adj. EPS $1.90 (down 22%); raises FY net sales view
Net sales $2.1B, down 1% YoY; excl. divestitures up 2% on coffee pricing gains.
Smucker Q4 GAAP loss $6.85/shr on $2.1B sales; records $980M impairment; adj. EPS $2.31
Q4 net sales $2,143.8M, down 3%; GAAP net loss per diluted share $6.85 due to $980M noncash impairment of Sweet Baked Snacks goodwill and Hostess trademark.
J.M. Smucker Q3 net loss $6.22/sh on $1B impairment; adj EPS $2.61 beats, guidance updated
Net loss per diluted share $6.22 due to $1B in noncash impairment charges for Sweet Baked Snacks goodwill and Hostess trademark.
Smucker Q2 net sales +17% to $2.27B; adjusted EPS $2.76 vs $2.59; guidance raised
Net sales $2.271B, +17% YoY; organic (ex-acq/div) +2%.
Smucker Q1 adj EPS $2.44 (+10%), net sales $2.1B (+18%); cuts FY2025 guidance
Q1 adj EPS $2.44, up 10% YoY; GAAP EPS $1.74, down 3% due to amortization and higher interest.
Smucker Q4 adjusted EPS $2.66, +1%; FY2025 guidance $9.80-$10.20
Net sales $2.2B, down 1% (up 3% excluding acquisition/divestitures); adjusted EPS $2.66 vs $2.64 prior year.
Smucker Q3 adj EPS $2.48 (+12% YoY); raises comparable sales growth outlook to ~8.75%
Diluted GAAP EPS $1.13; adjusted EPS $2.48, up 12% YoY. Net sales $2.23B (+1% reported, +6% comparable).
Purchase price of $5,496.7M: $3,987.8M cash, $450.2M in Smucker shares, $991.0M debt assumed.
Smucker Q2 adj EPS $2.59 (+8% YoY); FY24 guidance lowered on Hostess Brands acquisition costs
Net sales $1.94B, down 12% (comparable +7%); net income $1.90 diluted EPS, adj EPS $2.59.
J.M. Smucker completes Hostess Brands acquisition, expanding sweet baked snacks
Deal closed Nov 7, 2023; Hostess Brands becomes wholly owned subsidiary of J.M. Smucker.
Smucker issues $3.5B in notes to finance Hostess Brands merger and refinance debt
Issued $750M 5.900% 2028 Notes, $1B 6.200% 2033 Notes (each matures Nov 15, 2028/2033).
Smucker prices $3.5B multi-tranche notes offering to fund Hostess Brands acquisition
$750M 5.9% Notes due 2028, $1B 6.2% Notes due 2033, $750M 6.5% Notes due 2043, $1B 6.5% Notes due 2053.
Smucker commences exchange offer for Hostess Brands; files historical financials & pro forma
Exchange offer for all Hostess Brands Class A shares commenced October 10, 2023, with merger to follow.
Smucker enters $800M term loan facility to finance Hostess Brands acquisition
Unsecured $800M term facility; matures 3 years after Hostess Brands acquisition closing.
Smucker to acquire Hostess Brands for $34.25/share in cash and stock; $5.2B bridge loan
Per share consideration: $30 cash plus 0.03002 SJM shares (valued at $4.25 based on SJM close of $141.58 on 9/8/23).
J.M. Smucker to acquire Hostess Brands for $5.6B enterprise value, $34.25/share
Acquires Hostess Brands for $34.25/share ($30 cash + 0.03002 SJM shares); total enterprise value ~$5.6B incl. $900M net debt.
Smucker Q1 adj EPS $2.21 beats prior year $1.67; raises FY EPS guidance to $9.45-$9.85
Net sales $1,805.2M, down 4% (up 21% excl. divestiture and FX); adjusted EPS $2.21, up 32% YoY.
Smucker Q4 adj EPS $2.64 (+18%), revenue $2.23B (+10%); FY24 adj EPS guide $9.20-$9.60
Net sales $2.23B, +10% YoY; comparable net sales +11%.
Smucker closes sale of five pet food brands & private label business to Post Holdings for ~$1.2B
Total consideration ~$1.2B: $700M cash (subject to working capital adj.) + ~5.39M shares of Post Holdings.
Smucker announces share repurchase plan for up to 2.35M shares tied to pet food sale to Post
Plans to repurchase 2,350,000 common shares between March 2 and March 31, 2023 under existing authorization.
Smucker Q3 adj EPS $2.21 (-5% YoY); narrows FY23 sales guidance, reaffirms free cash flow
Net sales $2,216M (+8% YoY); comparable sales +11% on price increases; GAAP EPS $1.95, adj EPS $2.21 (-5%).
Smucker to sell pet brands (Rachael Ray Nutrish, 9Lives, etc.) to Post for ~$1.2B
Transaction valued at ~$1.2B: $700M cash + ~5.39M shares of Post Holdings common stock.
Smucker Q2 net sales +8% to $2.205B; raises FY23 adj EPS and sales guidance
Net sales $2.205B, +8% YoY; organic sales +11%; GAAP EPS $1.79, adj EPS $2.40 (-1%).
Smucker Q1 adj EPS $1.67 (-12% YoY); raises FY23 guidance despite Jif recall
Net sales $1.873B (+1% YoY); ex-divestitures & FX +4%. Jif recall reduced sales by 9%.
Mark T. Smucker, currently President and CEO, will become Chair of the Board effective Aug 17, 2022, succeeding Richard K. Smucker.
Smucker to resume Jif production at Lexington facility; reaffirms FY2023 guidance
Voluntary recall of select Jif peanut butter products on May 20 due to potential salmonella contamination.
Smucker Q4 adj EPS $2.23 (+18%); FY23 guidance $7.85-$8.25 reflecting Jif recall
Q4 net sales $2.03B (+6%); adj EPS $2.23 beats prior year $1.89.
Smucker Q3: $150M impairment drives GAAP EPS to $0.64; adjusted EPS $2.33, comparable sales +4%
GAAP EPS $0.64 (down 72%) on $150.4M noncash impairment of Rachael Ray Nutrish brand intangible.
J.M. Smucker beats Q2 expectations, raises FY2022 guidance; adjusted EPS $2.43, comparable sales +8%
Net sales $2.05B (+1% reported, +8% excl. divestitures and FX); adjusted EPS $2.43 (+2%) vs $2.39 prior year.
Smucker issues $800M in two tranches: $500M 2.125% notes due 2032 and $300M 2.75% notes due 2041
$500M 2.125% notes due 2032; interest payable semiannually starting March 15, 2022.
promotion of John Brase to the role of President and Chief Operating Officer, effective immediately.
the Board will appoint him to a new Chairman Emeritus role
Mark T. Smucker, President and Chief Executive Officer and a Director of the Company, will succeed Richard K. Smucker and become the Chair of the Board, President, and Chief Executive Officer
Timothy P. Smucker will be retiring from the Board at the expiration of his current term on August 17, 2022
Richard K. Smucker will retire as the Executive Chairman of the Board of Directors
the Board had elected Jonathan E. Johnson III to serve on the Board, effective on February 4, 2022.
Max materiality 0.95 · Median 0.70 · Most common event earnings