| Market Capitalization (Millions $) |
13,468 |
| Shares
Outstanding (Millions) |
107 |
| Employees |
7,000 |
| Revenues (TTM) (Millions $) |
9,157 |
| Net Income (TTM) (Millions $) |
230 |
| Cash Flow (TTM) (Millions $) |
19 |
| Capital Exp. (TTM) (Millions $) |
322 |
Business Description
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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41.31 %