$SJM (The J. M. Smucker Company)

$SJM {{ '2015-08-27T13:41:30+0000' | timeago}} • Announcement

$SJM 1Q16 Call: Non-GAAP operating income increased $81MM or operating margin declined 130BP to 15.5%. Longer-term, we anticipate margins to improve as synergies from integration activities are realized. Our effective tax rate was 38.8% in first quarter and we now expect the full-year effective tax rate to be approximately 35%.

$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.

Recent Transcripts

JJSF (J&J Snack Foods Corp.)
Tuesday, July 25 2017 - 2:00pm
DPZ (Domino's Pizza, Inc.)
Tuesday, July 25 2017 - 2:00pm
VFC (V.F. Corporation)
Monday, July 24 2017 - 12:30pm
HAS (Hasbro Inc.)
Monday, July 24 2017 - 12:30pm
PM (Philip Morris International, Inc.)
Thursday, July 20 2017 - 1:00pm
UL (Unilever PLC)
Thursday, July 20 2017 - 7:00am
PEP (Pepsico, Inc.)
Tuesday, July 11 2017 - 11:45am
CAG (ConAgra Foods, Inc.)
Thursday, June 29 2017 - 1:30pm
GIS (General Mills, Inc.)
Wednesday, June 28 2017 - 12:30pm
SJM (The J. M. Smucker Company)
Thursday, June 8 2017 - 12:30pm
FLO (Flowers Foods, Inc.)
Thursday, May 18 2017 - 12:30pm
POST (Post Holdings, Inc.)
Tuesday, May 9 2017 - 1:00pm
DF (Dean Foods Company)
Tuesday, May 9 2017 - 1:00pm
OME (Omega Protein Corporation)
Tuesday, May 9 2017 - 12:30pm
MED (Medifast Inc.)
Thursday, May 4 2017 - 8:30pm
COT (Cott Corporation)
Thursday, May 4 2017 - 2:00pm
K (Kellogg Company)
Thursday, May 4 2017 - 1:30pm
THS (Treehouse Foods, Inc.)
Thursday, May 4 2017 - 12:30pm
CLX (The Clorox Company)
Wednesday, May 3 2017 - 5:30pm
INGR (Ingredion Incorporated)
Wednesday, May 3 2017 - 1:00pm

AlphaGraphics you may like