Company profile

Ticker
SJM
Exchange
CEO
Mark T. Smucker
Employees
Incorporated in
Location
Fiscal year end
Former names
SMUCKER J M CO
SEC CIK
IRS number
340538550

SJM stock data

(
)

Calendar

27 Aug 19
17 Oct 19
30 Apr 20

News

Company financial data Financial data

Quarter (USD) Jul 19 Apr 19 Jan 19 Oct 18
Revenue 1.78B 1.9B 2.01B 2.02B
Net income 154.6M 71.5M 121.4M 188.5M
Diluted EPS 1.36 0.63 1.07 1.66
Net profit margin 8.69% 3.76% 6.03% 9.32%
Operating income 257.6M 153.6M 217.6M 330.5M
Net change in cash -52.5M -105.2M 35.3M -20.8M
Cash on hand 48.8M 101.3M 206.5M 171.2M
Cost of revenue 1.08B 1.24B 1.25B
Annual (USD) Apr 19 Apr 18 Apr 17 Apr 16
Revenue 7.84B 7.36B 7.39B
Net income 514.4M 1.34B 592.3M 688.7M
Diluted EPS 4.52 11.78 5.1 5.76
Net profit margin 6.56% 18.19% 8.01%
Operating income 928.6M 1.04B 1.04B 1.15B
Net change in cash -91.3M 25.8M 57M -15.8M
Cash on hand 101.3M 192.6M 166.8M 109.8M
Cost of revenue 4.92B 4.52B 4.56B 4.84B

Financial data from J M SMUCKER earnings reports

Financial report summary

?
Risks
  • We may be unable to grow market share of our products.
  • Our proprietary brands, packaging designs, and manufacturing methods are essential to the value of our business, and the inability to protect these could harm the value of our brands and adversely affect our sales and profitability.
  • We use a single national broker to represent a portion of our branded products to the retail grocery trade and any failure by the broker to effectively represent us could adversely affect our business.
  • Loss or interruption of supply from single-source suppliers of raw materials and finished goods could have a disruptive effect on our business and adversely affect our results of operations.
  • Our results may be adversely impacted as a result of increased cost, limited availability, and/or insufficient quality of raw materials, including commodities and agricultural products.
  • Our efforts to manage commodity, foreign currency exchange, and other price volatility through derivative instruments could adversely affect our results of operations and financial condition.
  • We may be limited in our ability to pass cost increases on to our customers in the form of price increases or may realize a decrease in sales volume to the extent price increases are implemented.
  • Certain of our products are produced at single manufacturing sites.
  • A significant interruption in the operation of any of our supply chain or distribution capabilities could have an adverse effect on our business, financial condition, and results of operations.
  • Our business could be harmed by strikes or work stoppages.
  • Our ability to competitively serve customers depends on the availability of reliable transportation. Increases in logistics and other transportation-related costs could adversely impact our results of operations.
  • Our operations are subject to the general risks of the food industry.
  • Changes in our relationships with significant customers, including the loss of our largest customer, could adversely affect our results of operations.
  • We operate in the competitive food industry and continued demand for our products may be affected by our failure to effectively compete or by changes in consumer preferences.
  • The success of our business depends substantially on consumer perceptions of our brands.
  • We could be subject to adverse publicity or claims from consumers.
  • We may not be able to attract, develop, and retain the highly skilled people we need to support our business.
  • Our operations are subject to the general risks associated with acquisitions and divestitures. Specifically, we may not realize all of the anticipated benefits of the Ainsworth acquisition or those benefits may take longer to realize than expected.
  • We may not realize the benefits we expect from our cost reduction and other cash management initiatives.
  • Weak financial performance, downgrades in our credit ratings, or disruptions in the financial markets may adversely affect our ability to access capital in the future.
  • Our substantial debt obligations could restrict our operations and financial condition. Additionally, our ability to generate cash to make payments on our indebtedness depends on many factors beyond our control.
  • A material impairment in the carrying value of acquired goodwill or other intangible assets could negatively affect our consolidated operating results and net worth.
  • Changes in tax, environmental, or other regulations and laws, or their application, or failure to comply with existing licensing, trade, and other regulations and laws could have a material adverse effect on our financial condition.
  • Our operations in certain developing markets expose us to regulatory risks.
  • Changes in climate or legal, regulatory, or market measures to address climate change may negatively affect our business and operations.
  • If our information technology systems fail to perform adequately or we are unable to protect such information technology systems against data corruption, cyber-based attacks, or network security breaches, our operations could be disrupted, and we may suffer financial damage or loss because of lost or misappropriated information.
Management Discussion
  • This discussion and analysis deals with comparisons of material changes in the consolidated financial statements for the years ended April 30, 2019 and 2018. For the comparisons of the years ended April 30, 2018 and 2017, see the Management’s Discussion and Analysis of Financial Condition and Results of Operations in Part II, Item 7 of our 2018 Annual Report on Form 10-K.
  • Amounts may not add due to rounding.
  • Net sales in 2019 increased $480.9, or 7 percent, reflecting a $747.0 contribution from the Ainsworth acquisition, partially offset by the impact of $254.0 of noncomparable net sales in the prior year related to the divestiture of the U.S. baking business during the second quarter of 2019. Net sales excluding acquisition, divestiture, and foreign currency exchange was comparable to the prior year, as the impact of lower net price realization, which reduced net sales by 1 percentage point, was offset by the impact of favorable volume/mix, which contributed 1 percentage point to net sales. The lower net price
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
7th grade Avg
New words: Affiliated, aggregate, attached, average, behalf, belgya, CERT, Certification, challenge, challenged, collateralized, conjunction, cover, dollar, duly, effort, embedded, environment, exercise, formatted, forward, greater, holding, implicit, index, Inline, instance, Interactive, Issuer, Kingdom, Law, lessor, light, mark, noncurrent, publicly, RayTM, registrant, renewal, rent, residual, restrictive, returning, softening, solution, space, startup, synergy, thereunto, transparency, twelve, undersigned, weighted, XBRL
Removed: accelerate, advance, agent, agility, amendment, amortized, apply, ASC, Atlantic, attributable, Bake, base, bind, broadened, buildup, Burbank, capitalization, Carnation, centralization, channel, China, close, Codification, collaboration, commonly, complement, concurrent, conducted, conform, consideration, constituted, construct, constructed, contractually, convenience, core, created, Cumberland, December, declined, deduction, deferring, delivery, dependent, depict, derive, des, directly, disaggregated, discontinuation, dismissed, display, efficiency, eligible, elimination, enable, enacted, ensure, entitled, entity, equip, excluded, existence, expansion, expiration, expired, feature, finite, footprint, forma, Francisco, Frontenac, frozen, fruit, geographic, government, Gravy, Greenville, ground, growing, guaranteed, Harahan, headcount, headquartered, Holiday, hurricane, improving, indefinite, initially, integrating, interpretation, interpretive, invest, January, Kentucky, legally, legislative, located, lock, Louisiana, manner, Meadville, merchandising, Mexico, modified, NatraTaste, Nestl, nonrecurring, obligated, ongoing, opening, opportunity, optimize, order, organizational, Orrville, outlook, packaging, Packing, Pennsylvania, performed, pick, placement, plant, preferred, preliminarily, preliminary, principle, pro, procurement, promised, provisional, published, quantify, realignment, receive, redeemed, redesign, referred, reform, regime, region, regularly, relating, rental, repatriation, restating, retained, retrospectively, revaluation, revenue, review, roast, San, sandwich, satisfied, Scottsville, season, seasonal, seasonality, separately, sourced, store, successfully, Sugar, support, Targeted, taxing, terminating, territorial, testing, Train, typically, uncertainty, understand, unsaleable, validate