$SJM (The J. M. Smucker Company)

$SJM {{ '2015-07-01T18:46:23+0000' | timeago}} • Announcement

$SJM General Update: SJM announced that it decreased list price for majority of its packaged coffee products sold in US consisting of items sold under Folgers & Dunkin' Donuts. Price decline applies to new reduced canister size of Folgers ground coffee. The Company's K-Cup pods were excluded from the price decrease.

$SJM {{ '2017-07-20T12:01:29+0000' | timeago}} • Announcement

$SJM's BoD approved a lift in quarterly dividend from $0.75 to $0.78 per common share, an increase of 4%. The dividend is payable on Sept. 1, 2017 to shareholders of record on Aug. 11, 2017.

$SJM {{ '2017-06-30T12:55:23+0000' | timeago}} • Announcement

Branded food company $SJM has nominated Dawn C Willoughby and Kirk L Perry to its BoD. Willoughby currently serves as EVP and COO of $CLX. Earlier, Willoughby held various positions in sales management at Procter & Gamble Company. Perry is the President of $GOOGL's Brand Solutions. Prior to joining Google, he had worked in Procter & Gamble Company.

$SJM {{ '2017-06-08T14:37:57+0000' | timeago}} • Webcast

On the consumer trends, $SJM said that some of the innovations from its pipeline is expected in the back end of this year and in the next couple of years. The company added that it expects to grow the sales and earnings with the innovations that are lined up in the near future.

$SJM {{ '2017-06-08T14:03:37+0000' | timeago}} • Webcast

For FY18, $SJM anticipates EPS performance to be significantly weighted toward the back half of the fiscal year due to timing associated with the recognition of incremental synergies and cost savings. Adjusted EPS is expected to be down annually in the mid-teen percent range during 1Q18.

$SJM {{ '2017-06-08T13:53:52+0000' | timeago}} • Webcast

For FY18, $SJM expects overall commodity costs to be higher for coffee, oils, protein meals and peanuts. The company estimates the net impact of higher commodity cost to price to be unfavorable in FY18. SG&A expenses are expected to be up low-single digits over the prior year, reflecting the increase in marketing expenses.

$SJM {{ '2017-06-08T13:40:14+0000' | timeago}} • Webcast

When discussing about the three-year strategic plan, $SJM said that it expects to deliver above average organic growth in FY19 and FY20 with an acceleration of launches beginning late in FY18. The company expects ecommerce sales for pet business to increase 50% in FY18 and 5% of the net sales to come from ecommerce in FY20.

$SJM {{ '2017-06-08T12:43:02+0000' | timeago}} • Infographic

$SJM The J. M. Smucker Company Earnings AlphaGraphics: Q4 2017 Highlights

$SJM {{ '2017-06-08T11:33:13+0000' | timeago}} • Announcement

In 4Q17, $SJM's sales decreased 1% to $505.9MM in US Retail Coffee segment; decreased 5% to $534.5MM in  US Retail Pet Foods segment; and increased 4% to $269.6MM in International and Foodservice segment. Performance was almost flat in the US Retail Consumer Foods segment, where it reported sales of $473.8MM during the quarter.

$SJM {{ '2017-06-08T11:27:20+0000' | timeago}} • Announcement

$SJM added $100MM to its cost management program, which will result in total annual cost reductions of $450MM for its synergy and cost management programs, when fully realized by FY20.

$SJM {{ '2017-06-08T11:25:10+0000' | timeago}} • Announcement

For FY18, $SJM anticipates net sales to grow approx 1% from FY17, primarily reflecting higher net price realization. Adjusted EPS is expected to range from $7.85 to $8.05, while capex is estimated to be around $310MM.

$SJM {{ '2017-06-08T11:21:28+0000' | timeago}} • Announcement

Food and beverages company $SJM posted lower results in 4Q17, weighed down by declines within the US Retail Pet Foods segment, as well as lower overall volume/mix. Net income was $110.4MM, or $0.96 per share, compared to $191MM, or $1.61 per share a year ago. Adjusted EPS was $1.80 per share, as net sales slid 1% to $1.78Bil during this period.

$SJM {{ '2017-05-30T13:27:59+0000' | timeago}} • Announcement

$SJM agreed to buy Wesson oil brand from $CAG. The company anticipates the acquisition to add annual net sales of about $230MM. The transaction is expected to generate EBITDA of about $30MM and contribute about $0.10 to its adjusted EPS in the first full year after closing, excluding one-time costs and before giving effect to synergies.

$SJM {{ '2017-05-30T13:26:25+0000' | timeago}} • Announcement

$SJM agreed to buy Wesson oil brand from $CAG. The all-cash transaction, which $SJM will fund primarily with debt, is valued at about $285MM, prior to expected tax benefit related to the acquisition with a present value of about $45MM. $SJM expects to consolidate Wesson production into its existing oils manufacturing facility in Cincinnati, Ohio.

$CAG {{ '2017-05-30T13:24:08+0000' | timeago}} • Announcement

$CAG agreed with $SJM to divest the Wesson oil brand. The transaction is valued at about $285MM. $CAG will continue to make the products sold under the Wesson brand and provide certain other transition services for up to one year following the close of the transaction.

$SJM {{ '2017-04-24T11:00:13+0000' | timeago}} • Announcement

$SJM approved a $0.75 per share dividend, that will be paid on June 1, 2017, to shareholders of record at the close of business on May 12, 2017.

$SJM {{ '2017-02-17T14:51:55+0000' | timeago}} • Infographic

$SJM The J. M. Smucker Company Earnings AlphaGraphics: Q3 2017 Highlights

$SJM {{ '2017-02-17T13:50:50+0000' | timeago}} • Webcast

$SJM said that with Folgers  volumes expected to remain soft into 4Q17, the company now expects FY17 Coffee segment profit to be down mid-single digits, compared to the previous guidance of being flat YonY. In Consumer Food, the company expects segment profit to be up mid-single digit in FY17, excluding the impact of the milk divestiture.

$SJM {{ '2017-02-17T13:37:59+0000' | timeago}} • Webcast

$SJM said that the Dunkin Donuts and Cafe Bustelo brands each delivered double digit percent volume mix growth in 3Q17. The company added that with the strong performance of Dunkin Donuts K-Cup, sales for the product line are now up on a YTD basis, while lapping the tremendous 2016 launch.

$SJM {{ '2017-02-17T13:30:58+0000' | timeago}} • Webcast

$SJM said that within coffee, market share of the company's total mainstream coffee business remains relatively unchanged in 3Q17. However, net sales for the Folgers brand fell short of the company's projections, mainly due to a change in the size and timing of the list price increase, aggressive competitive price points and delay of shipments.

$SJM {{ '2017-02-17T12:24:12+0000' | timeago}} • Announcement

$SJM narrowed its 2017 adjusted EPS estimate to $7.60-7.70 from $7.60-7.75 and free cash flow outlook to $0.95-1.0Bil from $1Bil. $SJM lowered tax rate outlook to 32.5% from 33%, while maintaining capital expenditure estimate of $240MM.

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