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Kirby McInerney LLP Announces Investigation Against The J.M. Smucker Company (SJM) on Behalf of Investors

1. SJM faces investigation for potential securities law violations. 2. Recent acquisitions lead to substantial goodwill impairments totaling over $1.8 billion. 3. Q3 and Q4 results revealed significant declines in Sweet Baked Snacks sales. 4. Smucker's share price fell approximately 15.59% following disappointing earnings. 5. Updated financial plan indicates reduced growth expectations for Sweet Baked Snacks.

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FAQ

Why Very Bearish?

The share price drop and goodwill impairment signal serious operational issues, reminiscent of Enron's downfall.

How important is it?

The ongoing investigation and significant financial losses are critical for SJM's stock performance.

Why Short Term?

Near-term investigations and poor earnings will likely dominant market sentiment, affecting stock soon.

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MDLZKPEPCPBGIS
NEW YORK, July 28, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against The J.M. Smucker Company (“Smucker” or the “Company”) (NYSE:SJM). The investigation concerns whether Smucker and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [LEARN MORE ABOUT THE INVESTIGATION] On November 7, 2023, Smucker announced the closing of a transaction to acquire Hostess Brands for about $5.5 billion, $2.4 billion of which was recorded as goodwill in SJM’s Sweet Baked Snacks segment. On February 27, 2025, Smucker announced disappointing Q3 2025 results, including a comparable net sales decrease of 8% in Sweet Baked Snacks, a $794 million impairment charge related to the goodwill of the Sweet Baked Snacks segment, a $208 impairment charge to the Hostess Brand trademark, and a $268 million loss on the disposal of the Voortman business. On June 10, 2025, Smucker reported disappointing Q4 2025 results, including a comparable net sales decrease of 14% in Sweet Baked Snacks, an additional $867 million impairment charge related to the goodwill of the Sweet Baked Snacks segment and an additional $113 million impairment of the Hostess Brand trademark. In contrast to prior assurances about synergies driving sustainable growth, the Company said that it updated its 2026 financial plan to reflect the decreased net sales in the Sweet Baked Snacks segment, noting “the sustained underperformance of the sweet baked goods since acquisition, led to a reduction of the forecasted growth rate for the Sweet Baked Snacks reporting unit.” On this news, the price of Smucker’s shares declined by $17.44 per share, or approximately 15.59%, to close at $94.41 per share on June 10, 2025. If you purchased or otherwise acquired Smucker securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or by filling out the form below to discuss your rights or interests with respect to these matters without any cost to you. [CONTACT US] Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. ContactsKirby McInerney LLPThomas W. Elrod, Esq.212-699-1180https://www.kmllp.cominvestigations@kmllp.com

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