The J.m. Smucker Company · NYSE:SJM
The J.m. Smucker — Q4 2024 Earnings Presentation
9 slides from The J.m. Smucker's earnings presentation, Jun 6, 2024
Slide 1: Fiscal Year 2024 Fourth Quarter Earnings Prepared Management Remarks
Fiscal Year 2024 Fourth Quarter Earnings Prepared Management Remarks June 6, 2024 1
Slide 2: Corporate Participants and Introduction
CORPORATE PARTICIPANTS Aaron Broholm, Vice President, Investor Relations Mark Smucker, Chair of the Board, President and Chief Executive Officer Tucker Marshall, Chief Financial Officer AARON BROHOLM, VICE PRESIDENT, INVESTOR RELATIONS Good morning, this is Aaron Broholm, Vice President, Investor Re
Slide 3: Portfolio transformation and strategic priorities
Notably, we continued to transform our portfolio to increase focus on the strategy of building brands consumers love and establishing leading positions in the advantaged categories of coffee, snacking, and pet foods. With the acquisition of Hostess Brands, the Company gained leadership in the highly
Slide 4: Coffee category inflation and pricing
The coffee category continues to experience commodity volatility and overall meaningful inflation. In response to recent higher green coffee costs that we will begin to incur during the first quarter, we are taking a list price increase across parts of our portfolio in early June. As always, we will
Slide 5: International and Away From Home; fiscal 2025 outlook
In International and Away From Home, strong comparable net sales growth was primarily due to a double-digit increase in the Away From Home business, driven by Uncrustables® sandwiches, portion control, and coffee. Our Away From Home business demonstrated dollar share growth across the majority of ou
Slide 6: Fourth quarter net sales, gross profit and operating income
Favorable volume/mix increased net sales by 1%, primarily driven by Uncrustables® sandwiches, contract manufacturing sales related to the divested pet food brands, Café Bustelo® coffee, and Meow Mix® cat food. This increase was partially offset by Folgers® coffee, Jif® peanut butter, and Smucker's®
Slide 7: Pet Foods, Sweet Baked Snacks and International results
The Meow Mix®, Milk-Bone®, and Pup-Peroni® brands performed well in the quarter growing 11%, 4%, and 7%, respectively. U.S. Retail Pet Foods segment profit decreased 22%, primarily reflecting the noncomparable segment profit in the prior year related to the divested pet food brands and increased SD&
Slide 8: Fiscal 2025 guidance
On a comparable basis, net sales are anticipated to increase approximately 1.5% to 2.5%, including approximately $50 million of contract manufacturing sales related to the divested pet food brands versus $136 million in the prior year, or a 1% unfavorable impact. This reflects the continued momentum
Slide 9: 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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