Edition:
United States

J M Smucker Co (SJM)

SJM on New York Consolidated

121.90USD
18 Aug 2017
Change (% chg)

$-0.76 (-0.62%)
Prev Close
$122.66
Open
$122.55
Day's High
$122.68
Day's Low
$121.60
Volume
725,363
Avg. Vol
847,529
52-wk High
$156.23
52-wk Low
$114.31

Latest Key Developments (Source: Significant Developments)

J.M. Smucker expects FY net sales to increase about 1 percent, primarily reflecting benefit of price increases
Thursday, 8 Jun 2017 09:51am EDT 

June 8 (Reuters) - J M Smucker :CEO- "brands used to be seen as a status symbol of what one could afford. Now they're seen as a signal of one's personal values".CEO- were able to deliver near-term earnings growth by accelerating synergy delivery and managing budgets and costs effectively.CEO- our plans call for 5% of net sales to come from e-commerce in fiscal 2020, pet food and coffee will lead in this area.CEO- expect e-commerce sales for pet business to increase 50% in fiscal 2018, led by natural balance brand.CEO- increasing capex to add manufacturing capacity, improve flexibility and productivity at manufacturing plants and enhance it capabilities.CEO- formally adopting a zero-based budgeting program this fiscal year.CEO- Q4 net sales for the Folgers brand declined 4% on lower roast and ground and K-cup volume.Nearly half of 7 percent decline in mainstream pet food sales attributable to 9lives as private label activity is impacting value segment of cat food.Expect FY net sales to increase about 1 percent, primarily reflecting benefit of price increases implemented in FY2017, including coffee, peanut butter, oils and uncrustables.FY SD&A expenses expected to be up low single digits, reflects a substantial increase in marketing, mostly to support Nature's Recipe launch and coffee.  Full Article

The J. M. Smucker Q4 adjusted EPS $1.80
Thursday, 8 Jun 2017 07:00am EDT 

June 8 (Reuters) - J M Smucker Co :The j. m. Smucker company announces fiscal 2017 fourth quarter results and fiscal 2018 outlook.Sees fy 2018 sales up about 1 percent.J m smucker co - q4 net sales $ 1,783.8 million versus $1,807.6 million.Q4 earnings per share $0.96 including items.Q4 adjusted earnings per share $1.80.J m smucker co - q4 u.s. Retail coffee sales $505.9 million versus $512.6 million.J m smucker co - q4 u.s. Retail consumer foods sales $473.8 million versus $473.7 million.Sees fy 2018 ‍comparable net sales increase up 1 percent versus prior year ​.Sees ‍fy 2018 adjusted earnings per share $7.85 - $8.05​.J m smucker co sees full-year fiscal 2018 capital expenditures of $310 million.J m smucker - fy 2018 ‍guidance does not include any benefit from previously announced definitive agreement to acquire wesson oil brand from conagra brands.J m smucker co - announced today a $100 million increase to its cost management program.J m smucker co sees full-year fiscal 2018 free cash flow of $775 million.J m smucker- ‍increase to cost management program, will result in total annual cost reductions of $450 million for synergy, cost management programs, when fully realized by fy 2020.Q4 earnings per share view $1.72, revenue view $1.77 billion -- Thomson Reuters I/B/E/S.Fy2018 earnings per share view $7.93, revenue view $7.49 billion -- Thomson Reuters I/B/E/S.  Full Article

J. M. Smucker company to acquire Wesson Oil Brand from Conagra Brands for about $285 mln
Tuesday, 30 May 2017 09:05am EDT 

May 30 (Reuters) - J M Smucker Co ::The J. M. Smucker company to acquire the Wesson® oil brand from Conagra Brands, Inc..J. M. Smucker co says all-cash transaction, which company will fund primarily with debt, is valued at approximately $285 million.J. M. Smucker co - company anticipates acquisition to add annual net sales of approximately $230 million.J. M. Smucker co - under terms of agreement, conagra will continue to manufacture products sold under wesson brand.J. M. Smucker co - annual cost synergies of approximately $20 million are expected to be fully realized within two years after closing.J. M. Smucker co - after transition period, company expects to consolidate wesson production into its existing oils manufacturing facility in Cincinnati, Ohio..J. M. Smucker co says transaction is expected to generate earnings about $30 million and contribute about $0.10 to company's adjusted eps in first fy after closing.  Full Article

Canadian Food Inspection Agency says Smucker Foods Of Canada recalls Robin Hood Brand All Purpose Flour, Original due to possible E. coli O121 contamination
Tuesday, 28 Mar 2017 02:52pm EDT 

Canadian Food Inspection Agency : Canadian Food Inspection Agency - Smucker Foods Of Canada Corp is recalling Robin Hood Brand All Purpose Flour, Original from the marketplace . Canadian Food Inspection Agency - Recall triggered by findings by Canadian Food Inspection Agency during investigation into foodborne illness outbreak . Canadian Food Inspection Agency - Smucker Foods Of Canada recalling Robin Hood Brand All Purpose Flour, Original due to possible E. coli O121 contamination . Canadian Food Inspection Agency - There has been one reported illness associated with the consumption of the product .Canadian Food Inspection Agency - Robin Hood Brand All Purpose Flour, Original has been sold in British Columbia, Alberta, Saskatchewan, and Manitoba.  Full Article

J M Smucker Co says entered into a share repurchase plan on Feb 22 - SEC filing
Wednesday, 22 Feb 2017 09:42am EST 

J M Smucker Co : J M Smucker Co - on February 22, 2017, co entered into a share repurchase plan - SEC filing . J M Smucker Co - plan will facilitate purchases of company's common shares under its authorized share repurchase program .J M Smucker Co - amendment is in connection with 6.6 million remaining common shares authorized for repurchase by company's board.  Full Article

J. M. Smucker Q3 adjusted earnings $2/shr
Friday, 17 Feb 2017 06:30am EST 

J M Smucker Co : The J. M. Smucker company announces fiscal 2017 third quarter results . J M Smucker Co - qtrly adjusted earnings per share was $2.00 compared to $2.05 in prior year . J M Smucker Co Q3 net sales $ 1,878.8 million versus $1,973.9 million a year ago . Q3 earnings per share $1.16 . Qtrly adjusted earnings per share was $2.00 . Q3 earnings per share view $2.00, revenue view $1.92 billion -- Thomson Reuters I/B/E/S . J M Smucker Co Q3 U.S. retail consumer foods sales $ $517.3 million versus $569.8 million a year ago . J M Smucker Co - Q3 U.S. retail coffee sales $537.6 million versus $575.5 million a year ago . Sees fiscal 2017 comparable net sales down 3 percent . Sees FY 2017 sales down about 5 percent . Sees fiscal 2017 adjusted earnings per share $7.60 - $7.70 . Sees fiscal 2017 capital expenditures $240 million . FY 2017 earnings per share view $7.69 -- Thomson Reuters I/B/E/S .Sees FY 17 capital expenditures of $240 million.  Full Article

J M Smucker in presentation- Expect coffee net sales to decline in FY2017 due to lower pricing
Thursday, 17 Nov 2016 09:55am EST 

J M Smucker Co : In presentation- expect increased trade and marketing spend in pet foods in second half to support brand launch . In presentation- expect consumer foods sales and profit to decline in fy2017 due to divested milk business . Conf call- folgers K-cup volume increased in Q2, responding to investments made, Dunkin K-cups increased in double digits . Conf call- continued to recognize lower green coffee costs in the second quarter . Overall commodity costs were lower in Q2 driven by green coffee . In presentation- expect coffee net sales to decline in FY2017 due to lower pricing . Initial shipments of nature's recipe premium pet food should occur near beginning of Q4 supported by strong marketing and merchandising efforts . With upcoming merchandising support and additional marketing investments, anticipate peanut butter sales to improve in back half of the year Further company coverage: [SJM.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

J M Smucker - do not have a place in mass premium pet foods, continue to evaluate acquisitions or licensing there
Tuesday, 23 Aug 2016 09:47am EDT 

J M Smucker Co : On conf call - expect softness in pet foods to continue in near term . On conf call - folgers K-cup volume trends improved in q1 . On conf call - have plans to introduce new pacaking later this year and enhanced brand suport for Kibbles 'n Bits . Have introduced bonus bags for Kibbles 'n Bits supported by lower input costs, expect this to help moderate declines . Lower Q2 pet food sales due to double-digit declines for natural balance and Kibbles 'n Bits, mid-single-digit declines for Meow Mix and 9lives cat food . Progressing on whitespace opportunities in mainstream pet food driven by consumer preference for additional protein and natural ingredient options . Exec - Kibbles 'n Bits brand has been struggling over past year or so, bonus bags decelerating the losses that we were seeing previously . Do not have a place in mass premium pet foods, continue to evaluate acquisitions, licensing or launching existing brands in that segment . Natural Balance brand has not lost any shelf space, pet specialty store channel seeing some overall slowdown in traffic Further company coverage: [SJM.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

J M Smucker Q1 adjusted earnings per share $1.86
Tuesday, 23 Aug 2016 07:00am EDT 

J M Smucker Co : The J. M. Smucker company announces fiscal 2017 first quarter results . Q1 adjusted earnings per share $1.86 . Q1 earnings per share $1.46 . Q1 net sales $1.82 billion versus $1.95 billion last year . Q1 revenue view $1.89 billion -- Thomson Reuters I/B/E/S . Says excluding impact of divestiture, fiscal 2017 net sales are expected to range from flat to down 1 percent . Says adjusted earnings per share is unchanged and expected to range from $7.60 to $7.75 in fiscal 2017 . Sees FY 2017 adjusted earnings per share $7.60 to $7.75 . Sees FY 2017 sales down 2 to 3 percent . Q1 U.S. Retail consumer food sales $537.0 million versus $582.2 million last year . Q1 U.S. Retail coffee sales $513.3 million versus $565 million last year . J M Smucker Co says change in 2017 sales guidance is based on a reduced net sales forecast for u.s. Retail pet foods . Sees full-year fiscal 2017 comparable net sales change flat to down 1 percent versus prior year . FY2017 earnings per share view $7.70, revenue view $7.74 billion -- Thomson Reuters I/B/E/S . Q1 earnings per share view $1.74, revenue view $1.89 billion -- Thomson Reuters I/B/E/S .J M Smucker Co says company remains on track to achieve $100 million of incremental synergies in fiscal 2017.  Full Article

Dunkin' Brands reports Q2 earnings per share of $0.54
Thursday, 21 Jul 2016 06:00am EDT 

Dunkin' Brands Group Inc; : Qtrly Dunkin' Donuts U.S. Comparable store sales growth of 0.5% . Says updating our revenue growth target for 2016 to three to five percent from four to six percent . Qtrly Baskin-Robbins U.S. Comparable store sales growth of 0.6% . Says reaffirming all of our other targets for our 2016 performance . Sets quarterly cash dividend of $0.30per share . Sees FY 2016 GAAP earnings per share $2.02 to $2.08 . Anticipate that by end of year, we will have fewer than 5 company-owned stores remaining in dallas market . Q2 revenue view $219.9 million -- Thomson Reuters I/B/E/S . Dunkin' brands reports second quarter 2016 results . Q2 adjusted earnings per share $0.57 . Q2 earnings per share $0.54 . Q2 earnings per share view $0.56 -- Thomson Reuters I/B/E/S . Sees fewer than 5 company-owned stores remaining by end of year . Sees fy 2016 adjusted earnings per share $2.20 to $2.22 . Fy2016 earnings per share view $2.21, revenue view $855.0 million -- Thomson Reuters I/B/E/S .Qtrly revenues $216.3 million versus $211.4 million.  Full Article

BRIEF-J. M. Smucker Company announces qtrly dividend increase of 4 pct to $0.78 per share

* Board of Directors has approved an increase in quarterly dividend from $0.75 to $0.78 per common share