NYSE$SJM
JM Smucker Co · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Smucker's third quarter results were in line with expectations, benefiting from strategic investments and decisive actions to improve business areas.
Smucker Company announced its Q3 2020 results with net sales decreasing by 2 percent, primarily due to declines in the U.S. Retail Pet Foods segment. Adjusted earnings per share increased by 4 percent, and free cash flow was strong at $465.1 million. The company reaffirmed its full-year fiscal 2020 outlook for net sales, adjusted earnings per share, and free cash flow.
- Net sales decreased by 2 percent, mainly due to anticipated declines in the U.S. Retail Pet Foods segment.
- Net income per diluted share was $1.64, while adjusted earnings per share increased by 4 percent to $2.35.
- Cash from operations increased by 24 percent to $521.6 million.
- Free cash flow for the quarter was $465.1 million, compared to $333.0 million in the prior year.
Headline financials
Revenue & EPS history
Smucker · Revenue · Quarterly
$1.97B
Revenue by segment
Smucker · $1.55B total across 3 segments · Q3 2020
- U.S. Retail Pet Foods$722M-4.9%46.6%
- U.S. Retail Coffee$559M-0.5%36.1%
- Away From Home$269M+0.0%17.3%
Forward guidance
The Company reaffirmed its full-year fiscal 2020 net sales, adjusted earnings per share, and free cash flow guidance.
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 Q3 2020
+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
| Quarter | Report date | Reaction (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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