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J M Smucker Co (SJM.N)

SJM.N on New York Stock Exchange

114.01USD
20 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Smucker on conf call- Will have a greater benefit from lower green coffee cost in Q4
Thursday, 16 Nov 2017 09:30am EST 

Nov 16 (Reuters) - J M Smucker :Had Q2 double-digit sales increases for Nature's Recipe, Dunkin' Donuts and Jif, and high single digit growth for Uncrustables‍​.Can capitalize on strength of brands like Folgers, Smucker's, Jif by expanding reach through introduction of new platforms such as premium coffee and snacking.On conf call- e-commerce sales for pet food brands doubled in Q2, Jif peanut butter rose over 75% and coffee sales increased over 150%.On conf call- just over 2% of U.S. Retail sales came from e-commerce in Q2.New agreement with Keurig has lower costs, helps expand distribution of our brands and sell multiple pack sizes and new varieties.Q2 commodity cost, notably green coffee, were higher but were offset by the overall higher net pricing.Q2 net sales for folgers declined 6% driven by roast and ground coffee as folgers k-cups sales were flat.Lower green coffee cost will have a greater benefit in Q4, Q3 will experience a sharp increase in marketing spend, reflecting our U.S. Olympics sponsorship.Executive on conf call- coffee business "fragmented, it's not as simple as it was 10 years ago".We do about 20- 21% of our coffee business in k-cups." we think there's an opportunity to as much as double our k-cup business over time"."Our opinion is there's going to be a lot of arabica coffee in the world next year".  Full Article

The J. M. Smucker says qtrly ‍net income per share $1.71​
Thursday, 16 Nov 2017 07:00am EST 

Nov 16 (Reuters) - J M Smucker Co -:The J. M. Smucker Company announces fiscal 2018 second quarter results.J M Smucker Co - ‍company updated its full-year 2018 net sales and earnings outlook​.J M SMUCKER CO - qtrly ‍net income per diluted share increased 13 percent to $1.71​.J M Smucker Co - qtrly ‍adjusted earnings per share was $2.02.J M Smucker Co - qtrly net sales $‍1,923.6​ million versus $1,913.9 million.J M Smucker Co - sees FY ‍2018 adjusted earnings per share $7.75 - $7.90​.J M Smucker Co - ‍FY 2018 net sales are expected to be in range of flat to down slightly, compared to prior year​.J M Smucker Co - qtrly U.S. retail coffee sales $552.7‍​ million.J M Smucker Co - qtrly U.S. retail consumer food sales $531.5 ‍​million.Q2 earnings per share view $1.90 -- Thomson Reuters I/B/E/S.Q2 revenue view $1.89 billion -- Thomson Reuters I/B/E/S.FY2018 earnings per share view $7.72 -- Thomson Reuters I/B/E/S.FY2018 revenue view $7.37 billion -- Thomson Reuters I/B/E/S.  Full Article

J M Smucker sets dividend of $0.78 per share
Friday, 20 Oct 2017 05:15pm EDT 

Oct 20 (Reuters) - J M Smucker Co :Sets dividend of $0.78 per share.  Full Article

J M Smucker files for potential mixed shelf
Thursday, 28 Sep 2017 06:59pm EDT 

Sept 28 (Reuters) - J M Smucker Co :J M Smucker Co files for potential mixed shelf; size not disclosed - SEC filing ‍​.  Full Article

J M Smucker Co - ‍ on September 1, co and its subsidiary, entered into that certain revolving credit agreement - SEC filing​
Friday, 1 Sep 2017 05:23pm EDT 

Sept 1 (Reuters) - J M Smucker Co :J M Smucker Co - ‍ on September 1, co and its subsidiary, entered into that certain revolving credit agreement - SEC filing​.J M Smucker Co - ‍revolving credit agreement provides for a $1.75 billion unsecured revolving credit facility - SEC filing​.J M Smucker Co - ‍ $1.75 billion unsecured revolving credit facility matures on fifth anniversary of date of agreement​.J M Smucker Co - ‍ on September 1, company entered into amendment no. 1 to term loan credit agreement, dated as of March 2, 2015​.J M Smucker Co - ‍ on September 1, co increased amount of notes that it may issue under CP program to an amount not to exceed $1.75 billion outstanding.J M Smucker Co - ‍plans to use its revolving credit facility as a liquidity backstop for its borrowings under CP program​.J M Smucker-‍notes to have maturities of up to 270 days from date of issue, to not be subject to voluntary prepayment by co/redemption prior to maturity​.J M Smucker-on Sept 1,co,Canadian borrower repaid outstanding obligations,terminated lenders' lending commitments under amended deal dated Sept 6, 2013​.  Full Article

The J.M. Smucker Co posts Q1 adj. EPS of $1.51
Thursday, 24 Aug 2017 07:00am EDT 

Aug 24 (Reuters) - J M Smucker Co :The J.M. Smucker Company announces fiscal 2018 first quarter results.Qtrly net income per diluted share decreased 23 percent to $1.12.Qtrly adjusted earnings per share was $1.51, a decrease of 19 percent.Qtrly net sales $1,748.9 ‍​ million versus $1,815.8 million.Qtrly u.s. Retail coffee sales $480.8 ‍​ million versus $513.3 million.Sees FY 2018 adjusted earnings per share $7.75 - $7.95.Sees 2018 capital expenditures of $310 million.Qtrly U.S. retail consumer foods sales $492.4 ‍​ million versus $537.0 million.Sees FY 2018 capital expenditures $310 million.Q1 earnings per share view $1.62, revenue view $1.81 billion -- Thomson Reuters I/B/E/S.FY 2018 net sales are expected to be down slightly compared to prior year.Sees 2018 free cash flow of $775 million.FY 2018 earnings per share view $7.96 -- Thomson Reuters I/B/E/S.Lowered midpoint of its full-year fiscal 2018 adjusted earnings per share guidance range by approximately 1 percent.  Full Article

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

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