The J.m. Smucker Company · NYSE:SJM
The J.m. Smucker — Q2 2025 Earnings Presentation
10 slides from The J.m. Smucker's earnings presentation, Nov 26, 2024
Slide 1: Fiscal Year 2025 Second Quarter Earnings Prepared Management Remarks
Fiscal Year 2025 Second Quarter Earnings Prepared Management Remarks November 26, 2024 1
Slide 2: Corporate Participants and Introduction
CORPORATE PARTICIPANTS Crystal Beiting, Vice President, Investor Relations & FP&A Mark Smucker, Chair of the Board, President and Chief Executive Officer Tucker Marshall, Chief Financial Officer CRYSTAL BEITING, VICE PRESIDENT, INVESTOR RELATIONS & FP&A Good morning. This is Crystal Beiting, Vice Pr
Slide 3: Key growth platforms: Uncrustables and Pet Foods
We continue to prioritize resources towards these key platforms which are our largest growth opportunities: • Starting with Uncrustables® sandwiches, which grew net sales by 16% at the total company level. This growth was driven by our national advertising campaign, distribution gains, and new merch
Slide 4: Hostess brand challenges and plans
First, consumers continue to be selective in their spending, largely driven by inflationary pressures and diminished discretionary income, causing the sweet baked goods category to recover slower than we have anticipated. These trends are causing a reduction in all channels, inclusive of convenience
Slide 5: Hostess revenue synergies and Investor Day
Spreads which yielded strong results. We will accelerate these cross-brand revenue synergies and are excited about the potential in co-promoting multiple iconic brands, including combining impulse purchases with non-discretionary products, for example, Donettes® and a leading coffee brand. The strat
Slide 6: Away From Home results and closing points
In our Away From Home business, comparable net sales grew 8%, driven by Uncrustables ® sandwiches and portion control products. Our Away From Home business continues to have a competitive advantage as it leverages our leading national brands and key growth platforms to deliver results and drive futu
Slide 7: Operating income, interest, and adjusted earnings per share
agreement, partially offset by higher SD&A expenses. The increase in SD&A was primarily driven by the acquisition of Hostess Brands and pre-production expenses related to the recently opened Uncrustables® sandwiches manufacturing facility, partially offset by the impact of divestitures. Below operat
Slide 8: Net sales and segment profit by segment
6%. Net price realization contributed 4 percentage points to net sales, primarily driven by list price increases across the majority of the portfolio, partially offset by increased trade spend. Volume/mix increased net sales by 2 percentage points, primarily driven by increases for peanut butter and
Slide 9: Fiscal 2025 net sales guidance changes
The net sales guidance reflects the following changes from our previous assumptions: • Better than anticipated second quarter results, driven by each of our U.S. retail segments, partially offset by the Sweet Baked Snacks segment; • Reduced expectations for our Sweet Baked Snacks segment of approxim
Slide 10: Additional Information
Additional Information The J.M. Smucker Co. is the owner of all trademarks referenced herein, except for Dunkin’®. The Dunkin’® brand is trademark of DD IP Holder LLC and licensed to The J.M. Smucker Co. for packaged coffee products sold in retail channels such as grocery stores, mass merchandisers,
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