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The J M Smucker Company (NYSE: SJM) |
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Price: $116.3500
$-0.09 
-0.077%
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| Day's High:
| $116.325
| Week Perf:
| -1.31 %
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| Day's Low: |
$ 116.29 |
30 Day Perf: |
6.4 % |
| Volume (M): |
8 |
52 Wk High: |
$ 125.42 |
| Volume (M$): |
$ 929 |
52 Wk Avg: |
$113.61 |
| Open: |
$115.12 |
52 Wk Low: |
$98.77 |
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| Market Capitalization (Millions $) |
12,389 |
| Shares
Outstanding (Millions) |
106 |
| Employees |
7,000 |
| Revenues (TTM) (Millions $) |
8,787 |
| Net Income (TTM) (Millions $) |
-257 |
| Cash Flow (TTM) (Millions $) |
11 |
| Capital Exp. (TTM) (Millions $) |
429 |
The J M Smucker Company
Company Profile: The J. M. Smucker Company
Establishment and Incorporation
The J. M. Smucker Company was founded in 1897 and incorporated in Ohio in 1921. Commonly referred to by its trademark, Smuckers, the company is a major player in the global food industry, specializing in the manufacturing and marketing of branded food products. While the company operates worldwide, the majority of its sales occur within the United States, with a significant presence in Canada and selected exports to other countries.
Business Segments
The J. M. Smucker Company operates through two reportable segments:
1. U.S. Retail Market
2. Special Markets
Principal Products
The company offers a diverse range of products across various categories, including but not limited to:
- Peanut Butter
- Shortening and Oils
- Fruit Spreads
- Canned Milk
- Baking Mixes and Ready-to-Spread Frostings
- Flour and Baking Ingredients
- Juices and Beverages
- Frozen Sandwiches
- Dessert Toppings
- Syrups
- Pickles and Condiments
- Potato Side Dishes
Raw Materials and Supply Chain
The J. M. Smucker Company primarily utilizes commodities and agricultural products as raw materials. Key packaging materials include glass, plastic, caps, carton board, and corrugated materials. The company sources fruit and vegetable raw materials from independent growers and suppliers, while sweeteners, peanuts, oils, milk, wheat, flour, corn, and other ingredients are obtained from a wide array of suppliers. The company actively manages cost fluctuations associated with these commodities and utilizes futures and options for risk management. The abundance of raw material sources ensures that the company can maintain adequate supplies, and it has historically experienced good relationships with key suppliers.
Customer Base
A significant portion of the companys sales is derived from major retailers, with sales to Wal-Mart Stores, Inc. and its subsidiaries accounting for approximately 20% of total sales.
Competitive Landscape
The J. M. Smucker Company is recognized as a market leader in several categories, including peanut butter, shortening and oils, sweetened condensed milk, fruit spreads, dessert toppings, and health-focused beverages. The competitive environment in the food industry is intense, as the companys brands vie for retail shelf space against both national advertisements and private label products.
Through its commitment to quality and innovation, The J. M. Smucker Company continues to uphold its reputation as a trusted brand in households across North America and beyond.
Company Address: One Strawberry Lane Orrville, 44667 OH
Company Phone Number: 682-3000 Stock Exchange / Ticker: NYSE SJM
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Customers Net Income fell by |
SJM's Customers Net Profit Margin fell to |
-35.84 % |
6.64 %
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| Stock Performances by Major Competitors |
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| Stocks on the Move
Published Thu, Jun 27 2024 2:07 AM UTC
In recent weeks, The J M Smucker Company has experienced a notable decline in its shares, trailing behind the overall market performance. This decline comes at a time when the sweet spreads market is expected to witness substantial growth in the coming years, driven by factors such as an increase in on-the-go consumption. Additionally, concerns have been raised about the com...
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| The J M Smucker Company
The J M Smucker Company faced a challenging third quarter of 2024 with a decline in income despite a slight growth in revenue. The company reported a revenue growth of 0.578% compared to the same quarter a year before, reaching $2.23 billion. However, this increase was not enough to prevent a significant decline in net income, which plummeted by -42.05% to $120.4 million. Earnings per share also saw a decrease to $1.13 from the prior quarter's $1.90.
The decline in profit was attributed to a shift in focus towards improving sales, as the company's net margin eased to 5.4%. Operating earnings fell by -6.45% to $297.4 million, resulting in a decrease in the company's operating margin to 13.34%. Despite these challenges, the company managed to reduce its inventories to $987.6 million, signaling potential future demand. The increase in accounts receivable to $789.6 million also suggests a rise in demand for the company's products.
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| The J M Smucker Company
The J M Smucker Company, a major player in the consumer packaged goods industry, reported positive financial results for the August to October 31, 2023 interval. The company's income per share surged by 6.15% to $1.90 compared to $1.79 from a year ago. Additionally, the company's income improved by the same percentage, reaching $1.90 per share from the prior reporting season.
Despite the positive income growth, the company experienced a significant decrease in revenue. The revenue dropped by -12.104% to $1.94 billion from $2.21 billion in the same reporting season a year ago. However, there was a sequential increase in revenue, with a 7.391% advancement from $1.80 billion.
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| The J M Smucker Company
The J M Smucker Company, known for its portfolio of food and beverage brands, experienced a period of soft demand in the May to July 31, 2023 fiscal time-frame. However, the company managed to improve its earnings per share, with income per share rallying by an impressive 73.79% to $1.79 per share. Despite this positive development, revenue unfortunately diminished by -3.641% to $1.80 billion compared to the previous year.
Looking at the previous quarter, the company faced a significant decline in revenue by -19.241% from $2.23 billion. However, the silver lining was that the company managed to turn its earnings per share positive, moving from $-5.73 per share to its current value of $1.79 per share. Additionally, the net income of $183.600 million in the May to July 31, 2023 fiscal time-frame increased by an impressive 67.21% from the previous year's net earnings of $109.800 million.
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| The J M Smucker Company
Title: The J M Smucker Company Faces Uphill Battle as Losses Continue to Mount
Introduction:
The J M Smucker Company, a renowned food processing company, recently released its financial report for the three months ending April 30, 2023. Despite an increase in revenue compared to the previous year, the company failed to reach breakeven, recording a loss per share of $-5.73. This disappointing performance, accompanied by a significant decrease in income per share, paints a bearish picture for the company's future prospects. Moreover, with a net loss of $-600.700 million during this period, instead of the expected net income of $202.100 million, it is evident that The J M Smucker Company is facing severe challenges.
Financial Performance:
The J M Smucker Company's financial results for the February to April 2023 period highlight a substantial decline in profitability. The company reported a staggering net loss of $-600.700 million, in contrast to the net income of $202.100 million during the corresponding period last year. This loss puts a major dent in the company's financials and raises concerns regarding its ability to generate sustainable profits in the future.
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| Per Share |
Current |
| Earnings (TTM) |
-2.41 $ |
| Revenues (TTM) |
82.52 $
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| Cash Flow (TTM) |
0.11 $ |
| Cash |
-
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| Book Value |
64.87 $
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| Dividend (TTM) |
4.28 $ |
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| Per Share |
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| Earnings (TTM) |
-2.41 $
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| Revenues (TTM) |
82.52 $ |
| Cash Flow (TTM) |
0.11 $ |
| Cash |
-
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| Book Value |
64.87 $ |
| Dividend (TTM) |
4.28 $ |
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| U S Retail Coffee |
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 33.89 % |
of total Revenue |
| U S Retail Frozen Handheld and Spreads |
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20.37 % |
of total Revenue |
| U S Retail Pet Foods |
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19.36 % |
of total Revenue |
| Sweet Baked Snacks |
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12.75 % |
of total Revenue |
| International and Away From Home |
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13.67 % |
of total Revenue |
| United States |
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94.66 % |
of total Revenue |
| Total international |
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5.38 % |
of total Revenue |
| Canada |
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4.11 % |
of total Revenue |
| All other international |
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1.27 % |
of total Revenue |
| U S Retail Coffee Coffee |
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38.02 % |
of total Revenue |
| U S Retail Frozen Handheld and Spreads Frozen handheld |
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9.63 % |
of total Revenue |
| U S Retail Frozen Handheld and Spreads Peanut butter |
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9.19 % |
of total Revenue |
| U S Retail Frozen Handheld and Spreads Fruit spreads |
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4.55 % |
of total Revenue |
| U S Retail Frozen Handheld and Spreads Toppings and syrups |
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0.95 % |
of total Revenue |
| U S Retail Pet Foods Pet snacks |
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10.86 % |
of total Revenue |
| U S Retail Pet Foods Cat food |
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9.05 % |
of total Revenue |
| U S Retail Pet Foods Dog food |
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0.24 % |
of total Revenue |
| Sweet Baked Snacks Sweet Baked Goods |
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12.18 % |
of total Revenue |
| Sweet Baked Snacks Cookies |
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0.59 % |
of total Revenue |
| Other |
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13.67 % |
of total Revenue |
| Other Portion control |
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2.43 % |
of total Revenue |
| Other Baking mixes and ingredients |
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1.06 % |
of total Revenue |
| Other Other |
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1.28 % |
of total Revenue |
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0.44%