NYSE$SJM

JM Smucker Co · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Smucker's second quarter performance demonstrated strength in key categories with organic net sales and earnings growth above expectations, driven by brands like Uncrustables, Meow Mix, and Café Bustelo.

The J.M. Smucker Co. reported a 17% increase in net sales to $2.3 billion, driven by the acquisition of Hostess Brands. Adjusted earnings per share increased by 7% to $2.76. The company updated its full-year fiscal 2025 financial outlook.

  • Net sales increased by 17% to $2.3 billion.
  • Net loss per diluted share was $0.23, while adjusted earnings per share was $2.76, a 7% increase.
  • Cash provided by operations was $404.2 million, and free cash flow was $317.2 million.
  • Full-year fiscal 2025 financial outlook was updated.

Headline financials

Total Revenue

$2.27B

Previous: $1.94B+17.2%
EPS

-$0.23

Previous: $2.59-108.9%
U.S. Retail Pet Foods Margin

27.3%

Previous: 20.9%+30.6%
Sweet Baked Snacks Margin

22.4%

Previous: 27.7%-19.1%
Gross Margin

39.0%

Previous: 37.4%+4.3%
U.S. Retail Coffee Margin

28.8%

Previous: 24.9%+15.7%
Capital Expenditures

-$211M

Previous: -$299M+29.5%
Free Cash Flow

$366M

Previous: $95.8M+282.5%
Net Income

-$24.5M

Previous: $195M-112.6%
Operating Income

$170M

Previous: $299M-43.2%
Gross Profit

$886M

Previous: $724M+22.4%
Total Assets

$20B

Previous: $18.1B+10.5%
Stock-Based Comp

$6.9M

Previous: $8.6M-19.8%

Revenue & EPS history

Smucker · Revenue · Quarterly

$2.27B

Q2 2025+17.2%vs Q2 2024
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Smucker · $2.15B total across 5 segments · Q4 2026

  • U.S. Retail Coffee
    $831M
  • U.S. Retail Frozen Handheld and Spreads
    $454M
  • U.S. Retail Pet Foods
    $402M
  • Sweet Baked Snacks
    $237M
  • Away From Home
    $228M

Forward guidance

The Company updated its full-year fiscal 2025 guidance. Net sales are expected to increase 8.5% to 9.5% compared to the prior year. Adjusted earnings per share are expected to range from $9.70 to $10.10. Free cash flow is expected to be approximately $875.0 million with capital expenditures of $450.0 million.

Tailwinds

  • Net sales increase vs. prior year: 8.5% to 9.5%
  • Adjusted earnings per share: $9.70 - $10.10
  • Free cash flow: $875 million
  • Capital expenditures: $450 million
  • Adjusted effective income tax rate: 24.3%

Headwinds

  • Comparable net sales is expected to increase approximately 1.0 to 2.0 percent, excluding noncomparable sales.
  • This guidance also reflects a decline of approximately $100.0 million of contract manufacturing sales related to the divested pet food brands as compared to the prior year.
  • Interest expense is expected to be $400.0 million.
  • The full-year fiscal 2025 guidance does not reflect any impact related to the Company's previously announced agreement to divest the Voortman® business.
  • The fiscal 2025 net sales impact is expected to be approximately $65 million and the adjusted earnings per share impact to be approximately $0.10, excluding any potential benefit from the use of proceeds from the sale.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+0.0%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+0.1%

Avg return

30 days after

49%

34 / 69 earnings

Positive

+10.6%

Q4 2026

Best reaction

-11.5%

Q1 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+10.6%+14.8%
Q3 2026+9.8%+5.4%-10.7%
Q2 2026-4.7%-0.1%-4.8%
Q1 2026-4.2%-0.1%-1.2%
Q4 2025+0.0%+0.3%+9.4%
Q3 2025-0.0%+0.6%+6.6%
Q2 2025+3.9%+3.7%-2.4%
Q1 2025-5.7%-5.0%+0.4%
Q4 2024+4.2%+2.4%-0.4%
Q3 2024-2.7%-2.2%+0.5%
Q2 2024+4.7%+6.1%+14.4%
Q1 2024+0.7%-0.3%-12.8%
Q4 2023-0.4%+3.1%-0.3%
Q3 2023-1.9%+1.9%+6.4%
Q2 2023+2.1%+3.5%+8.1%
Q1 2023+4.6%+2.8%+3.1%
Q4 2022+3.4%+4.2%+7.8%
Q3 2022-3.0%-0.7%+0.5%
Q2 2022+4.6%+3.6%+5.2%
Q1 2022-2.9%-2.8%-6.4%
Q4 2021+2.9%+0.7%-4.6%
Q3 2021-1.1%-0.2%+13.5%
Q2 2021+1.7%+0.4%+0.0%
Q1 2021+7.7%+5.9%-1.9%
Q4 2020-6.2%-5.4%-8.4%
Q3 2020-1.5%-0.9%-4.4%
Q2 2020+1.6%+1.9%-0.4%
Q1 2020-7.6%-6.9%-3.3%
Q4 2019-0.6%-1.7%-4.6%
Q3 2019+6.4%+4.3%+14.8%
Q2 2019-5.3%-5.4%-14.0%
Q1 2019-9.0%-9.3%-5.4%
Q4 2018-3.8%-0.6%+4.9%
Q3 2018+1.0%-1.5%+2.6%
Q2 2018+7.2%+6.6%+12.1%
Q1 2018-11.5%-11.9%-12.0%
Q4 2017-2.8%-2.0%-11.8%
Q3 2017+3.0%+2.1%+0.5%
Q2 2017-3.9%-2.3%-0.6%
Q1 2017-8.9%-11.0%-11.8%
Q4 2016+8.7%+8.6%+16.1%
Q3 2016+0.7%
Q2 2016+7.9%
Q1 2016+7.7%
Q4 2015-5.8%
Q3 2015+0.7%
Q2 2015-0.8%
Q1 2015-1.7%
Q4 2014+2.8%
Q3 2014+0.2%
Q2 2014-5.1%
Q1 2014-1.5%
Q4 2013-1.0%
Q3 2013-0.4%
Q2 2013-1.0%
Q1 2013+6.7%
Q4 2012-0.4%
Q3 2012-6.5%
Q2 2012+1.5%
Q1 2012-10.2%
Q4 2009+1.1%
Q4 2011+1.1%
Q3 2011-0.0%
Q3 2010-0.0%
Q2 2011+0.4%
Q2 2010+1.1%
Q1 2010+1.1%
Q4 2010+1.1%
Q1 2011+1.1%

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