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J M Smucker Co (SJM.N)

SJM.N on New York Stock Exchange

101.91USD
14 Dec 2018
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$-1.86 (-1.79%)
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Latest Key Developments (Source: Significant Developments)

J M Smucker Executive - Anticipate Q3 EPS To Fall About 20 Pct From Last Year's Q3
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - J M Smucker Co ::EXEC - SALES FOR NUTRISH PREMIUM PET FOOD WERE UP 23 PERCENT OVER THE PRIOR YEAR - CONF CALL.EXEC - REVISED FY SALES FORECAST DUE TO COMPETITIVE ACTIVITY IN COFFEE AS LOWER GREEN COSTS ARE BEING PASSED THROUGH THE CONSUMERS - CONF CALL.EXECUTIVE - REVISED FY SALES FORECAST ALSO DUE TO INCREMENTAL PROMOTIONAL SPEND IN PEANUT BUTTER AND FRUIT SPREADS - CONF CALL.EXECUTIVE - REVISED FY SALES FORECAST ALSO DUE TO SHIFT IN TIMING OF SHELF RESETS AT KEY RETAILERS WHICH IS DELAYING SLIGHTLY BENEFIT OF INNOVATION LAUNCHES IN PET SEGMENT - CONF CALL.EXECUTIVE - WHILE SALES AT PET SNACKS WERE DOWN SLIGHTLY COMPARED TO PRIOR YEAR, WE ARE EXCITED ABOUT UPCOMING SNACKS INNOVATION - CONF CALL.EXECUTIVE - MARKETING EXPENSE INCREASED $20 MILLION IN Q2 COMPARED TO PRIOR YEAR, DRIVEN BY COFFEE AND ADDITION OF AINSWORTH - CONF CALL.EXECUTIVE - PET FOODS AND COFFEE CATEGORIES DROVE A 40 PERCENT INCREASE IN E-COMMERCE SALES THIS QUARTER - CONF CALL.EXEC - EXCLUDING AINSWORTH AND BENEFIT OF DIVESTING U.S. BAKING BUSINESS, Q2 GROSS MARGIN WAS DOWN SLIGHTLY AS LOWER NET PRICE REALIZATION WAS NOT FULLY OFFSET BY FAVORABLE COSTS - CONF CALL.EXEC - SALES FOR FOLGERS BRAND DECLINED 1 PERCENT DUE TO LOWER GREEN COFFEE COST BEING PASSED THROUGH TO CONSUMERS WITH VOLUME/MIX FLAT COMPARED TO PRIOR YEAR - CONF CALL.EXEC - Q2 SALES FOR SMUCKER'S BRAND WAS DRIVEN BY UNCRUSTABLES, WHICH INCREASED 17 PERCENT MORE THAN OFFSETTING DECLINES IN FRUIT SPREADS - CONF CALL.  Full Article

J M Smucker Consolidating Majority Of Marketing Business With Publicis Groupe
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - J M Smucker Co ::J M SMUCKER CO - CONSOLIDATING MAJORITY OF ITS MARKETING BUSINESS WITH PUBLICIS GROUPE.J M SMUCKER CO - IS INVESTING IN RESOURCES TO SUPPORT ITS CONTENT, CONSUMER INSIGHTS, AND DATA ANALYTICS NEEDS.  Full Article

J M Smucker Sets Dividend Of $0.85 Per Share
Friday, 26 Oct 2018 

Oct 26 (Reuters) - J M Smucker Co ::SETS DIVIDEND OF $0.85PER SHARE.  Full Article

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 blames competition for forecast cuts, shares fall 5 percent

J.M. Smucker Co on Wednesday missed Wall Street estimates for second-quarter results, as stiff competition forced the food company to cut prices for Folgers coffee and Jif peanut butter, and also lower its full-year forecasts.