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The J.M. Smucker Company (SJM) is expanding its collaboration with Acosta Group which will help it cater well to its retail customers and consumers.
Acosta Group Expands Sales and Marketing Relationship with The J.M. Smucker Company in North America
New business awarded includes supporting headquarter sales, retail merchandising, and digital commerce across the U.S. grocery and retail channel JACKSONVILLE, Fla. , July 10, 2024 /PRNewswire/ -- Acosta Group, a leading sales and marketing agency collective, announced today the expansion of its engagement with The J.M.
J. M. Smucker (SJM) is grappling with elevated SD&A costs and inflationary coffee commodity prices, while net price realization and positive volume/mix are working well.
Food inflation has moderated, helping packaged food companies, though a more price-conscious consumer poses a risk to the industry. I have a buy rating on J.M. Smucker due to its compelling valuation metrics and expected EPS growth in the years ahead. But the firm faces challenges from high labor costs and integrating Hostess Brands effectively while the stock's technical situation is weak.
The J. M. Smucker Company shares fell after the $5.6 billion Hostess deal, creating concerns about leverage, and growth potential. The company now sees mediocre growth, flattish earnings, while the balance sheet is fully leveraged. Valuations have come down, but other than the cheapness and stability argument, J. M. Smucker investors have not much to look forward to in the near term.
The J.M. Smucker's (SJM) fourth-quarter fiscal 2024 results reflect gains from favorable volumes and positive net price realization.
Shares of The J.M. Smucker Co. (SJM) advanced Thursday after the food producer beat profit estimates as it cut costs, raised prices, and benefited from its purchase of Hostess Brands.
Shares of the food producer were on track for their largest daily increase in nearly four years.
The J. M. Smucker Company (NYSE:SJM ) Q4 2024 Results Conference Call June 6, 2024 9:00 AM ET Company Participants Aaron Broholm - Vice President, Investor Relations Mark Smucker - Chair of the Board, President and Chief Executive Officer Tucker Marshall - Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Ken Goldman - JPMorgan Peter Galbo - Bank of America Chris Carey - Wells Fargo Securities Robert Moskow - TD Cowen Matt Smith - Stifel Tom Palmer - Citi Rob Dickerson - Jefferies Max Gumport - BNP Paribas Operator Good morning, and welcome to The J.M. Smucker Company's Fiscal 2024 Fourth Quarter Earnings Question-and-Answer session.
While the top- and bottom-line numbers for Smucker (SJM) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.