NYSE$SJM
JM Smucker Co · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
Smucker's Q4 2024 financial results reflected a mix of divestitures, acquisitions, and organic growth, with net sales showing a slight decrease but adjusted EPS increasing by 1%.
The J.M. Smucker Co. reported Q4 net sales of $2.2 billion, a 1% decrease year-over-year, but a 3% increase excluding acquisitions, divestitures, and foreign currency exchange. Net income per diluted share was $2.30, while adjusted EPS was $2.66, a 1% increase. The company provided FY25 outlook, expecting net sales to increase 9.5-10.5% and adjusted EPS to range from $9.80 to $10.20.
- Net sales for the quarter were $2.2 billion, a decrease of 1 percent, but increased 3 percent excluding the acquisition, divestitures, and foreign currency exchange.
- Net income per diluted share for the quarter was $2.30, with adjusted earnings per share at $2.66, a 1 percent increase.
- Cash provided by operations for the quarter was $428.1 million, and free cash flow was $297.5 million.
- The company's fiscal year 2025 outlook includes net sales expected to increase 9.5 to 10.5 percent and adjusted earnings per share to range from $9.80 to $10.20.
Headline financials
Revenue & EPS history
Smucker · Revenue · Quarterly
$2.21B
Revenue by segment
Smucker · $2.15B total across 5 segments · Q4 2026
- U.S. Retail Coffee$831M—38.6%
- U.S. Retail Frozen Handheld and Spreads$454M—21.1%
- U.S. Retail Pet Foods$402M—18.7%
- Sweet Baked Snacks$237M—11.0%
- Away From Home$228M—10.6%
Forward guidance
The Company provided its full-year fiscal year 2025 guidance with net sales expected to increase 9.5 to 10.5 percent, adjusted earnings per share to range from $9.80 to $10.20, and free cash flow of $900.0 million.
Tailwinds
- Net sales are expected to increase 9.5 to 10.5 percent, reflecting a full-year of net sales from the Hostess Brands acquisition, as well as favorable volume/mix and higher net price realization.
- Comparable net sales are expected to increase approximately 1.5 to 2.5 percent, which excludes noncomparable sales in the current year from the acquisition of Hostess Brands and noncomparable sales in the prior year related to the divestitures of the Sahale Snacks® business and the Canada condiment business.
- Adjusted earnings per share is expected to range from $9.80 to $10.20.
- This guidance reflects the increase in net sales, adjusted gross profit margin of approximately 38.0 percent, an increase of SD&A expenses of approximately 13.0 percent, interest expense of $400.0 million, an adjusted effective income tax rate of 24.4 percent, and 106.4 million weighted-average common shares outstanding.
- Free cash flow is expected to be approximately $900.0 million with capital expenditures of $450.0 million.
Headwinds
- This guidance also reflects a decline of approximately $85.0 million of contract manufacturing sales related to the divested pet food brands.
- Increase of SD&A expenses of approximately 13.0 percent.
- Interest expense of $400.0 million.
- Adjusted effective income tax rate of 24.4 percent.
- Capital expenditures of $450.0 million.
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 Q4 2024
+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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