$SJM (The J. M. Smucker Company)

$SJM {{ '2016-08-23T13:05:09+0000' | timeago}} • Webcast

Consumer packaged goods company $SJM said that excluding the impact of divestitures and FX, 1Q17 net sales fell 5% vs. 1Q16, hurt by a cumulative 12% list price decrease for coffee across most of the quarter, lapping the 1Q16 rollout of Dunkin'Donuts K-Cups and lower pet food sales. Adjusted operating income was up 2% during 1Q17.

$SJM {{ '2017-08-24T15:31:40+0000' | timeago}} • Announcement

$SJM has slashed its guidance for FY18. The adjusted earnings per share would be in the range of $7.75 to $7.95, from the earlier outlook of $7.85-8.05. There is no change in free cash flow and capital expenditure projections at $775MM and $310MM respectively. The net sales would dip slightly compared to the prior year.

$SJM {{ '2017-08-24T15:19:25+0000' | timeago}} • Announcement

In 1Q18, the US Retail Coffee net sales for $SJM dipped by 6% to $480.8MM and sales in US Retail Consumer Foods went south by 8% at $492.4MM. Better volume/mix took sales of US Retail Pet Foods to $521.7MM, up by $2.2MM and the business in Foodservice segment spiked by 3% to $254MM.

$SJM {{ '2017-08-24T15:15:04+0000' | timeago}} • Announcement

It was a sour 1Q18 for food and beverages company $SJM as lower volume/mix sunk its net income by 25% to $126.8MM. The dip in EPS was 23% at $1.12. Decline in U.S. Retail Consumer Foods and U.S. Retail Coffee segments had shrunk net sales by 4% to $1.75Bil during the period.

$SJM {{ '2017-08-04T13:36:21+0000' | timeago}} • Announcement

$SJM has elected Joseph Stanziano as corporate officer. He will assume the role of SVP & General Manager, Consumer Foods. Kevin G. Jackson will take over as SVP, US Retail Sales & Market Development Organization. David J. Lemmon will assume the role of President, Canada and International, and US Away From Home.

$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

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