1. SJM reported Q4 FY2025 net sales of $2.1 billion, down 3%. 2. Adjusted earnings per share decreased by 13% to $2.31. 3. The company provided FY2026 outlook of 2% to 4% sales growth. 4. Free cash flow for Q4 was $298.9 million, stable from last year. 5. CEO emphasized long-term growth strategy amid recent divestitures and acquisitions.
Founded on declining sales, significant losses, and negative asset impairments.
The earnings report reflects deeper operational issues that could invoke investor caution.
Immediate repercussions from poor quarterly performance could affect market confidence.
The J.M. Smucker Co. (NYSE: SJM) today announced results for the fourth quarter of its fiscal year ending April 30, 2025. Financial results for the fourth quarter and fiscal year reflect the divestiture of certain Sweet Baked Snacks value brands on March 3, 2025, divestiture of the Voortman® business on December 2, 2024, divestiture of the Canada condiment business on January 2, 2024, acquisition of Hostess Brands, Inc. ("Hostess Brands") on November 7, 2023, and divestiture of the Sahale Snacks® business on November 1, 2023. All comparisons are to the fourth quarter of the prior fiscal year, unless otherwise noted.
"Our fourth quarter and full-year results underscore the demand for our leading brands, the resilience of our business, and our ability to act with speed and agility in a dynamic operating environment," said Mark Smucker, Chief Executive Officer and Chair of the Board. "This year we strengthened our financial position and grew both adjusted earnings per share and free cash flow, while investing in our business, paying down debt, and returning cash to our shareholders through dividends."
"As we look ahead to fiscal year 2026, we remain focused on delivering the business through the strength of our key growth platforms and advancing our strategic priorities. We are confident in our strategy, and we are well-positioned to deliver long-term growth and increase shareholder value."
Three Months Ended April 30, 2025
| 2025 | 2024 | % Increase (Decrease) |
|---|---|---|
| $2,143.8 | $2,205.7 | (3)% |
| ($599.1) | $406.0 | n/m |
| 422.4 | 461.6 | (8)% |
| ($6.85) | $2.30 | n/m |
Net sales decreased $61.9 million, or 3 percent. Excluding $45.9 million of noncomparable net sales in the prior year related to divestitures and $3.9 million of unfavorable foreign currency exchange, net sales decreased $12.1 million, or 1 percent.
The Company provided its full-year fiscal year 2026 guidance as summarized below:
At The J.M. Smucker Co., it is our privilege to make food people and pets love by offering a diverse family of brands available across North America. We are proud to lead in the coffee, peanut butter, fruit spreads, frozen handheld, sweet baked goods, dog snacks, and cat food categories by offering brands consumers trust for themselves and their families each day, including Folgers®, Dunkin'®, Café Bustelo®, Jif®, Uncrustables®, Smucker's®, Hostess®, Milk-Bone®, and Meow Mix®. Through our unwavering commitment to producing quality products, operating responsibly and ethically and delivering on our Purpose, we will continue to grow our business while making a positive impact on society. For more information, please visit jmsmucker.com.