J M SMUCKER Co

Listed Company

SJMCIK 0000091419NYSELarge AcceleratedCanned, Fruits, Veg, Preserves, Jams & JelliesOhioFY ends Apr 30

Period

FY 2025

Revenue

—

Net Income

$-1.23B

Total Assets

$17.56B

Equity

$6.08B

Shares Out

106.65M

Op. Cash Flow

$1.21B

Business

J M SMUCKER Co is a manufacturer and marketer of branded food and beverage products sold worldwide, with the majority of sales in the United States. It offers coffee, sweet baked goods, pet snacks, frozen handheld products, peanut butter, fruit spreads, portion control items, toppings and syrups, and baking mixes and ingredients. The company reports four principal segments: U.S. Retail Coffee, U.S. Retail Frozen Handheld and Spreads, U.S. Retail Pet Foods, and Sweet Baked Snacks, alongside International and Away From Home operations. Its products are distributed primarily through North American retail outlets and via e-commerce, club stores, mass merchandisers, discount and dollar stores, pet specialty stores, drug stores, military commissaries, and foodservice distributors and operators.

Summary from filing dated 2025-06-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Net sales	8,726	8,179	8,529	7,999	8,003
Cost of products sold	5,341	5,063	5,727	5,298	4,864
Gross Profit	3,385	3,115	2,802	2,701	3,139
Selling, distribution, and administrative expenses	1,529	1,446	1,455	1,360	1,523
Amortization	219	191	207	224	233
Goodwill impairment charges	1,662	0	0	—	0
Other intangible assets impairment charges	321	0	0	150	4
Other special project costs	36	130	5	8	21
Loss (gain) on divestitures net	310	13	1,019	−10	−25
Other operating expense (income) net	−18	29	−41	−56	−3
Operating Income (Loss)	−674	1,306	158	1,024	1,387
Interest expense net	−389	−264	−152	−161	−177
Other debt gains (charges) net	30	−20	0	0	—
Other income (expense) net	−14	−26	−15	−19	−38
Income (Loss) Before Income Taxes	−1,047	996	−9	844	1,172
Income tax expense	184	252	82	212	296
Net Income (Loss)	−1,231	744	−91	632	876
Net Income (Loss) (in dollars per share)	−11.57	7.14	−0.86	5.84	7.79
Net Income (Loss) - Assuming Dilution (in dollars per share)	−11.57	7.13	−0.86	5.83	7.79

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Cash and cash equivalents	70	62	656	170	334
Trade receivables net	619	737	598	525	534
Finished products	680	639	658	704	608
Raw materials	529	400	352	385	352
Total Inventory	1,209	1,039	1,010	1,089	960
Other current assets	248	130	108	226	114
Total Current Assets	2,147	1,967	2,859	2,010	1,942
Land and land improvements	158	152	131	120	124
Buildings and fixtures	1,384	1,175	956	960	967
Machinery and equipment	3,257	2,934	2,444	2,503	2,470
Construction in progress	619	912	629	528	282
Gross Property, Plant, and Equipment	5,418	5,173	4,160	4,111	3,843
Accumulated depreciation	−2,338	−2,100	−1,921	−1,980	−1,842
Total Property, Plant, and Equipment	3,080	3,073	2,240	2,132	2,002
Operating lease right-of-use assets	115	175	103	107	142
Goodwill	5,710	7,650	5,217	6,016	6,024
Other intangible assets net	6,347	7,255	4,429	5,652	6,041
Other noncurrent assets	165	154	144	139	134
Total Other Noncurrent Assets	12,337	15,234	9,893	11,913	12,341
Total Assets	17,563	20,274	14,991	16,055	16,284
Accounts payable	1,289	1,336	1,393	1,193	1,034
Accrued compensation	118	152	113	92	140
Accrued trade marketing and merchandising	189	214	188	194	201
Dividends payable	115	113	106	105	97
Current portion of long-term debt	0	999	0	0	1,153
Short-term borrowings	641	591	0	180	82
Other current liabilities	301	356	154	149	120
Total Current Liabilities	2,652	3,761	1,987	1,953	2,868
Long-term debt, less current portion	7,037	6,774	4,314	4,311	3,517
Defined benefit pensions	53	54	62	115	152
Other postretirement benefits	46	44	49	54	64
Deferred income taxes	1,549	1,737	1,139	1,326	1,349
Noncurrent operating lease liabilities	84	144	77	76	113
Other noncurrent liabilities	60	66	72	80	97
Total Noncurrent Liabilities	8,829	8,819	5,714	5,962	5,292
Total Liabilities	11,481	12,580	7,701	7,915	8,159
Serial preferred shares no par value: Authorized 6,000,000 shares; outstanding none	0	0	0	0	0
Common shares no par value: Authorized 300,000,000 shares; outstanding 106,425,081 at April 30, 2025, and 106,194,281 at April 30, 2024 (net of 44,062,564 and 44,293,364 treasury shares, respectively), at stated value	27	27	26	27	27
Additional capital	5,739	5,714	5,372	5,458	5,528
Retained income	502	2,188	2,132	2,893	2,848
Accumulated other comprehensive income (loss)	−185	−235	−239	−237	−277
Total Shareholders Equity	6,083	7,694	7,291	8,140	8,125
Total Liabilities and Shareholders Equity	17,563	20,274	14,991	16,055	16,284

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Depreciation	283	240	224	236	220
Realized loss on investment in equity securities - net	0	22	0	0	—
Pension settlement loss (gain)	0	3	7	11	36
Share-based compensation expense	30	24	26	22	29
Deferred income tax expense (benefit)	−108	−41	−191	−38	−14
Loss (gain) on disposal of assets net	13	8	5	5	7
Other noncash adjustments net	15	32	24	15	12
Settlement of interest rate contracts	0	43	0	0	—
Defined benefit pension contributions	−5	−4	−74	−5	−13
Trade receivables	117	42	−75	8	22
Inventories	−181	3	−135	−179	−110
Other current assets	−49	−36	87	−53	−34
Accounts payable	−37	−82	152	150	261
Accrued liabilities	−85	99	400,000	−33	56
Income and other taxes	−51	−35	10	13	−18
Other net	−14	−36	200,000	−17	25
Net Cash Provided by (Used for) Operating Activities	1,210	1,229	1,194	1,136	1,565
Business acquired, net of cash acquired	0	−3,921	0	0	0
Proceeds from sale of equity securities	0	466	0	0	—
Proceeds from divestitures net	326	56	686	130	564
Additions to property, plant, and equipment	−394	−587	−477	−418	−307
Other net	−33	20	47	−68	54
Net Cash Provided by (Used for) Investing Activities	−100	−3,965	256	−356	311
Short-term borrowings (repayments) net	19	578	−186	98	−166
Proceeds from long-term debt	650	4,285	0	798	0
Repayments of long-term debt	−1,300	−1,791	0	−1,157	−700
Capitalized debt issuance costs	−3	−32	0	−10	0
Quarterly dividends paid	−455	−438	−430	−418	−403
Purchase of treasury shares	−3	−373	−368	−270	−678
Proceeds from stock option exercises	2	3	22	16	5
Payment of assumed tax receivable agreement obligation	0	−86	0	0	—
Other net	−12	−5	−3	−100,000	−400,000
Net Cash Provided by (Used for) Financing Activities	−1,103	2,142	−965	−945	−1,944
Effect of exchange rate changes on cash	500,000	−200,000	−100,000	−700,000	11
Net increase (decrease) in cash and cash equivalents	8	−594	486	−164	−57

Filings

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