The earnings call reflects a cautious optimism with strong performance in certain segments like Uncrustables and Pet, but significant challenges in the Hostess and coffee segments that dampen the outlook. Despite some promising growth metrics, the expectation of flat sales in Q3 and ongoing cost pressures in coffee create a balanced but slightly cautious sentiment.

Company Guidance

During the J.M. Smucker Company's Fiscal 2025 Second Quarter Earnings Call, executives provided guidance on several key metrics. The company anticipates flat year-over-year sales for the third quarter, primarily due to flat coffee sales and a strong prior-year comparison in the pet portfolio. However, growth is expected in the frozen handheld and spreads portfolio. For the Hostess brand, a low single-digit year-over-year decline is projected for the second half, with expectations of sequential improvement due to execution enhancements and easier comparables. Furthermore, the company remains committed to achieving $100 million in cost synergies by the end of fiscal year 2026, with half expected in the current fiscal year. The balance between price and volume mix is anticipated to be evenly split for the full year, contributing to the base business's 2.5% to 3% growth. Additionally, the company is focusing on mitigating the $0.60 per share impact of stranded overhead costs from the pet food divestiture and is optimistic about reaching or exceeding $900 million in sales for the Uncrustables brand this fiscal year.

Strong Uncrustables Performance

Uncrustables is exceeding expectations with the potential to reach $900 million in sales this year, ahead of expectations, and is on track to exceed $1 billion by 2026.

Pet Segment and Meow Mix Brand Success

Milk-Bone brand continues to perform well across various price points and treating occasions. The Meow Mix brand is a highlight in the pet portfolio, with restored promotional activity boosting performance.

Cost Synergies on Track

Committed to achieving $100 million in cost synergies from the Hostess acquisition by fiscal year 2026, with half expected in the current fiscal year.

EPS Guidance Increase

EPS guidance increased to $9.90 at the midpoint, reflecting a better-than-expected gross margin performance in the second quarter.

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JM Smucker (SJM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SJM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 21, 2018	2019 (Q1)	- / 1.78	1.51	17.88% (+0.27)	―	―
Nov 28, 2018	2019 (Q2)	- / 2.17	2.02	7.43% (+0.15)	―	―
Feb 26, 2019	2019 (Q3)	- / 2.26	2.5	-9.60% (-0.24)	―	―
Jun 06, 2019	2019 (Q4)	- / 2.08	1.93	7.77% (+0.15)	―	―
Aug 27, 2019	2020 (Q1)	- / 1.58	1.78	-11.24% (-0.20)	―	―
Nov 22, 2019	2020 (Q2)	- / 2.26	2.17	4.15% (+0.09)	―	―
Feb 26, 2020	2020 (Q3)	- / 2.35	2.26	3.98% (+0.09)	―	―
Jun 04, 2020	2020 (Q4)	- / 2.57	2.08	23.56% (+0.49)	―	―
Aug 25, 2020	2021 (Q1)	- / 2.37	1.58	50.00% (+0.79)	―	―
Nov 24, 2020	2021 (Q2)	- / 2.39	2.26	5.75% (+0.13)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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SJM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 26, 2024	$113.62	$120.09	+5.69%
Aug 28, 2024	$119.52	$113.61	-4.94%
Jun 06, 2024	$108.27	$113.21	+4.56%
Feb 27, 2024	$121.77	$119.23	-2.09%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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