- Adjusted EPS Forecast Cut: J M Smucker now expects adjusted EPS of $9.60 to $10.00, down from the previous forecast of $9.80 to $10.20. The estimate was $10.03.
- First Quarter Adjusted EPS: Adjusted EPS came in at $2.44, beating last year’s $2.21 and the estimate of $2.17.
- First Quarter Net Sales: Net sales reached $2.13 billion, up 18% year-over-year, matching the company’s estimate.
- US Retail Coffee Sales: Net sales for US Retail Coffee were $623.4 million, slightly down by 0.3% year-over-year, but exceeded estimates of $622.7 million.
- US Retail Pet Foods Sales: Net sales for US Retail Pet Foods were $399.7 million, down 9.4% year-over-year, missing the $429.9 million estimate.
- US Retail Consumer Foods Sales: Net sales for US Retail Consumer Foods were $496.8 million, up 7.1% year-over-year, beating the $462.2 million estimate.
- International and Away From Home Sales: Net sales were $271.5 million, down 1.3% year-over-year, missing the estimate of $278.9 million.
- Adjusted Operating Income: Adjusted operating income was $447.9 million, up 35% year-over-year, beating the $405.3 million estimate.
- Free Cash Flow: Free cash flow was $49.2 million, down 27% year-over-year, missing the $159.1 million estimate.
- CEO Commentary: Mark Smucker, Chair of the Board and CEO, highlighted the strong start to the fiscal year, emphasizing net sales and earnings growth despite a dynamic consumer environment.
- Stock Analyst Opinions: The company has received 7 buy ratings, 10 hold ratings, and 2 sell ratings from analysts.
Jm Smucker Co on Smartkarma
Independent analyst coverage on J.M. Smucker Co by Baptista Research on Smartkarma reveals insightful research into the company’s performance and future prospects.
In their report titled “The J. M. Smucker Company: These Are The 4 Fundamental Factors Driving Its Performance! – Financial Forecasts,” Baptista Research delves into the mixed operational and financial stance of J.M. Smucker Company in Fiscal 2024 Fourth Quarter. The research highlights the company’s strategic growth initiatives amidst market volatilities, particularly in the coffee segment. Baptista Research aims to evaluate various influencing factors on the company’s stock price and conduct an independent valuation using a Discounted Cash Flow methodology.
A look at Jm Smucker Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
An investment analyst using Smartkarma Smart Scores has assessed Jm Smucker Co‘s long-term outlook. The company received solid scores across multiple factors, with a strong Value and Dividend score of 4, indicating favorable financial metrics and attractive returns for investors. Momentum is also promising with a score of 4, suggesting a positive market sentiment towards the company’s growth prospects.
However, there are areas of concern as highlighted by the scores. Jm Smucker Co scored lower in Growth and Resilience, with scores of 3 and 2 respectively. This may indicate challenges in sustaining strong growth rates and potential vulnerabilities to market fluctuations. Despite this, the company’s diverse product portfolio, which includes popular brands like peanut butter, fruit spreads, and beverages, positions it well in the food industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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