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J M Smucker Co (SJM.N)

SJM.N on New York Stock Exchange

110.16USD
21 Sep 2018
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$0.51 (+0.47%)
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Latest Key Developments (Source: Significant Developments)

J M Smucker Qtrly Net Income Per Diluted Share $1.17
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - J M Smucker Co ::THE J. M. SMUCKER COMPANY ANNOUNCES FISCAL 2019 FIRST QUARTER RESULTS.J M SMUCKER SEES FY 2019 NET SALES $8.0 BILLION.QTRLY NET INCOME PER DILUTED SHARE WAS $1.17.QTRLY ADJUSTED EARNINGS PER SHARE WAS $1.78.QTRLY ADJUSTED EARNINGS PER SHARE - ASSUMING DILUTION $1.78.COMPANY UPDATED ITS FULL-YEAR FISCAL 2019 OUTLOOK REFLECTING ANTICIPATED IMPACT FROM PENDING DIVESTITURE OF ITS U.S. BAKING BUSINESS.QTRLY NET SALES INCREASED $153.6 MILLION, OR 9 PERCENT.QTRLY U.S. RETAIL COFFEE NET SALES $489.5 MILLION VERSUS $479.4 MILLION.QTRLY U.S. RETAIL CONSUMER FOODS NET SALES $483.3 MILLION , DOWN 1 PERCENT.SEES FY 2019 ADJUSTED EARNINGS PER SHARE IN RANGE OF $8.40-$8.65.Q1 EARNINGS PER SHARE VIEW $1.76, REVENUE VIEW $1.95 BILLION -- THOMSON REUTERS I/B/E/S.FY2019 EARNINGS PER SHARE VIEW $8.46, REVENUE VIEW $8.22 BILLION -- THOMSON REUTERS I/B/E/S.REDUCTION IN FREE CASH FLOW FY2019 GUIDANCE RANGE PRIMARILY REFLECTS FORGONE PROFIT RELATED TO DIVESTITURE.IN 2019, CO ANTICIPATES NET PROCEEDS FROM DIVESTITURE OF U.S. BAKING BUSINESS OF $315 MILLION, AFTER TRANSACTION COSTS AND TAXES.SEES FY 2019 FREE CASH FLOW IN RANGE OF $770 MILLION - $820 MILLION.QTRLY NET SALES $1,902.5 MILLION VERSUS $1,748.9 MILLION.  Full Article

The J. M. Smucker Company Announces Dividend Increase
Friday, 13 Jul 2018 

July 13 (Reuters) - J M Smucker Co ::THE J. M. SMUCKER COMPANY ANNOUNCES DIVIDEND INCREASE.SETS QUARTERLY DIVIDEND OF $0.85PER SHARE.INCREASE IN QUARTERLY DIVIDEND FROM $0.78 TO $0.85 PER COMMON SHARE, AN INCREASE OF 9 PERCENT.  Full Article

The J. M. Smucker Company To Divest U.S. Baking Business
Monday, 9 Jul 2018 

July 9 (Reuters) - J M Smucker Co ::THE J. M. SMUCKER COMPANY TO DIVEST ITS U.S. BAKING BUSINESS.SAYS DEAL FOR A TRANSACTION VALUED AT $375 MILLION.SAYS TRANSACTION DOES NOT INCLUDE COMPANY'S BAKING BUSINESS IN CANADA.SAYS COMPANY EXPECTS DIVESTITURE TO BE DILUTIVE TO ITS ADJUSTED EARNINGS PER SHARE BY $0.25 TO $0.30 ON A FULL-YEAR BASIS.SAYS EXPECTS NET IMPACT OF DIVESTITURE TO BE ONLY SLIGHTLY DILUTIVE TO ITS FISCAL 2019 ADJUSTED EARNINGS PER SHARE.SAYS SIGNING OF DEFINITIVE AGREEMENT TO SELL U.S. BAKING BUSINESS TO UNITS OF BRYNWOOD PARTNERS.SAYS TRANSACTION PRIMARILY ENCOMPASSES PRODUCTS SOLD IN U.S. RETAIL CHANNELS UNDER PILLSBURY, MARTHA WHITE, HUNGRY JACK & CERTAIN OTHER BRANDS.SAYS TRANSACTION ALSO PRIMARILY ENCOMPASSES COMPANY'S MANUFACTURING FACILITY IN TOLEDO, OHIO.  Full Article

J M Smucker Enters Into Certain Term Loan Credit Agreement Providing For A $1.5 Bln Term Facility
Tuesday, 1 May 2018 

May 1 (Reuters) - J M Smucker Co ::ENTERED INTO CERTAIN TERM LOAN CREDIT AGREEMENT PROVIDING FOR A $1.5 BILLION TERM FACILITY.  Full Article

The J.M. Smucker Company Announces Leadership Changes In Pet Business
Tuesday, 1 May 2018 

May 1 (Reuters) - J M Smucker Co ::THE J.M. SMUCKER COMPANY ANNOUNCES LEADERSHIP CHANGES IN PET BUSINESS.BARRY C. DUNAWAY, HEAD OF PET FOOD AND PET SNACKS, TO RETIRE.DAVID J. LEMMON APPOINTED TO LEAD PET BUSINESS.  Full Article

J. M. Smucker To Acquire Ainsworth Pet Nutrition Llc
Wednesday, 4 Apr 2018 

April 4 (Reuters) - J M Smucker Co ::THE J. M. SMUCKER COMPANY TO ACQUIRE AINSWORTH PET NUTRITION, LLC, MAKER OF RACHAEL RAY™ NUTRISH® PET FOOD; COMPANY TO EXPLORE STRATEGIC OPTIONS FOR U.S. BAKING BUSINESS.TRANSACTION VALUED AT APPROXIMATELY $1.7 BILLION, AFTER AN ESTIMATED TAX BENEFIT OF $200 MILLION.ANNUAL COST SYNERGIES OF $55 MILLION EXPECTED WITHIN FIRST THREE YEARS AFTER ACQUISITION.WILL EXPLORE STRATEGIC OPTIONS FOR ITS U.S. BAKING BUSINESS, INCLUDING A POTENTIAL SALE.COMPANY ANTICIPATES ACQUIRED BUSINESS TO CONTRIBUTE NET SALES OF ABOUT $800 MILLION IN FIRST FULL YEAR AFTER CLOSING TRANSACTION.STRATEGIC REVIEW OF U.S. BAKING BUSINESS EXPECTED TO BE COMPLETED BY END OF Q1 OF CO'S FISCAL 2019.POST EFFECT OF FIRST YEAR OF SYNERGIES, EXPECTS ACQUIRED BUSINESS TO CONTRIBUTE ABOUT $0.25 OF ACCRETION TO CO'S ADJUSTED EARNINGS PER SHARE.DEAL IS AN ALL-CASH TRANSACTION, WHICH CO WILL FUND WITH DEBT.COMPANY EXPECTS TO INCUR APPROXIMATELY $50 MLN IN ONE-TIME COSTS RELATED TO ACQUISITION.  Full Article

J. M. Smucker Announces Termination Of Deal To Buy ConAgra's Wesson Oil
Tuesday, 6 Mar 2018 

March 6 (Reuters) - J M Smucker Co ::THE J. M. SMUCKER COMPANY ANNOUNCES TERMINATION OF AGREEMENT TO ACQUIRE THE WESSON® OIL BRAND FROM CONAGRA BRANDS, INC..J M SMUCKER - MUTUALLY DETERMINED WITH CONAGRA IT IS "NOT IN BEST INTEREST" TO EXPEND MORE TIME & RESOURCES TO CHALLENGE FTC'S ADMINISTRATIVE COMPLAINT​.  Full Article

J. M. Smucker Co Announces Pricing Of Notes Offering
Tuesday, 5 Dec 2017 

Dec 4 (Reuters) - J M Smucker Co ::THE J. M. SMUCKER COMPANY ANNOUNCES PRICING OF NOTES OFFERING.J M SMUCKER - ‍PRICING OF $300 MILLION AGGREGATE PRINCIPAL AMOUNT OF 2.200% NOTES DUE 2019 AND $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF 3.375% NOTES DUE 2027​.  Full Article

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

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 

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

US STOCKS-Futures flat as U.S.-China tariffs kick in

Aug 23 U.S. stock index futures were little changed on Thursday as the United States and China slapped 25 percent tariffs on $16 billion worth of each other's goods, despite ongoing trade talks.