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J M Smucker Co (SJM)

SJM on New York Consolidated

132.89USD
27 Mar 2017
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Latest Key Developments (Source: Significant Developments)

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

J M Smucker Company announces dividend increase
Wednesday, 13 Jul 2016 05:10pm EDT 

J M Smucker Co :The J. M. Smucker Company announces dividend increase.  Full Article

J.M. Smucker to close facilities in Louisiana and California in next 18 months- conf call
Thursday, 9 Jun 2016 10:07am EDT 

J M Smucker Co : On conf call - anticipate momentum in coffee business to continue in 2017 . On conf call - do not anticipate promoted prices on coffee changing significantly . On conf call - Folgers K cups brand in 2016 impacted by ongoing proliferation in K-cup space . On conf call - will invest in product line to improve trends in folgers brand, including lower pricing and new packaging . Baked aisle category remained challenged through most of last year due to changing consumer preferences, aggressive competitive pricing . To close a coffee facility in Harahan, Louisiana and 2 leased natural foods facilities in California next 18 months . FY2017 international and foodservice profit anticipated to be down primarily reflecting net impact of FX in Canada . Have leaned in on promotional price point for K-cups, K-cup margins would be lower than ground coffee margins Further company coverage: [SJM.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

J M Smucker Q4 non-gaap earnings per share $1.86
Thursday, 9 Jun 2016 07:00am EDT 

J M Smucker Co : Q4 non-gaap earnings per share $1.86 . Q4 earnings per share $1.61 . J M Smucker Co qtrly net sales $1,807.6 million, up 25% . Sees FY 2017 capital expenditures $240 million . Excluding impact of divesture, 2017 net sales are expected to increase 1 percent . Q4 earnings per share view $1.20, revenue view $1.75 billion -- Thomson Reuters I/B/E/S . Fy2017 earnings per share view $6.37, revenue view $7.74 billion -- Thomson Reuters I/B/E/S . Included in 2017 earnings guidance is $100 million of incremental synergies in fiscal 2017 . The J. M. Smucker Company announces fiscal 2016 fourth quarter results and fiscal 2017 outlook . Sees FY 2017 adjusted non-gaap earnings per share $7.60 to $7.75 .Sees FY 2017 sales down 1 percent.  Full Article

The J.M. Smucker Company says Mark Smucker to become president and CEO
Monday, 7 Mar 2016 04:15pm EST 

J M Smucker Co:Says announces leadership transition to foster next chapter of growth and success Says Mark Smucker to become president and chief executive officer.Says Mark Belgya and Steven Oakland appointed to vice chair roles on executive TEAM.Says Timothy Smucker to become chairman emeritus.Says Richard Smucker to become executive chairman Says Richard Smucker to become executive chairman.  Full Article

More From Around the Web

Smucker's revenue misses on weak Folgers coffee, pet food sales

J.M. Smucker Co said full-year sales may fall more than it had previously anticipated as its Folgers coffee and pet snacks businesses face pressure from rising competition and commodity costs.