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The J.M. Smucker Company (SJM), commonly known as Smucker, was founded by Jerome Monroe Smucker in 1897 as a small apple cider and butter business. The company has only ever been led by a CEO with the last name Smucker, including its current CEO, Mark Smucker—Jerome Monroe's great-great grandson.
The J. M. Smucker stock continues to disappoint and the performance gap with the consumer staples sector is widening. In spite of its very low valuation multiples, the stock is not in buy territory yet as meaningful progress is still needed. Long-term risks related to SJM's capital allocation policies and growth strategy remain and investors should keep a close eye on those.
The J. M. Smucker Company SJM reported upbeat quarterly earnings, but lowered its annual outlook.
Like other companies in the food sector, Smucker's has been struggling to hold onto cost-conscious customers stung by high prices at grocery stores.
The J. M. Smucker Company (NYSE:SJM ) Q1 2025 Earnings Conference Call August 28, 2024 9:00 AM ET Company Participants Crystal Beiting - Vice President of Investor Relations and FP&A Mark Smucker - Chair of the Board, President and Chief Executive Officer Tucker Marshall - Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Capital Kenneth Goldman - JPMorgan Chase & Co. Robert Moskow - TD Cowen Peter Galbo - Bank of America Merrill Lynch Matthew Smith - Stifel, Nicolaus & Company Thomas Palmer - Citigroup Inc. Steve Powers - Deutsche Bank Alexia Howard - AllianceBernstein Robert Dickerson - Jefferies LLC Max Gumport - BNP Paribas Exane Operator Good morning, and welcome to The J. M. Smucker Company's Fiscal 2025 First Quarter Earnings Question-and-Answer Session.
J.M.Smucker's Q1 show reflects sales and earnings growth despite a tough consumer landscape. SJM cuts view due to a dynamic landscape and green coffee costs.
Although the revenue and EPS for Smucker (SJM) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
U.S. stocks traded mixed this morning, with the Dow Jones index gaining over 50 points on Wednesday.
CNBC's Jim Cramer delivers his daily Mad Dash.
Smucker (SJM) came out with quarterly earnings of $2.44 per share, beating the Zacks Consensus Estimate of $2.18 per share. This compares to earnings of $2.21 per share a year ago.