4 December 2024
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Market + Management

Smucker Company: announces Q2 fiscal 2025 results

Orrville / OH. (sc) The J. M. Smucker Company announced results for the second quarter ended October 31, 2024, of its 2025 fiscal year. Financial results for the second quarter of fiscal year 2025 reflect the divestiture of the Canada condiment business on January 02, 2024, acquisition of Hostess Brands Inc. on November 07, 2023, and divestiture of the «Sahale Snacks» business on November 01, 2023. All comparisons are to the second quarter of the prior fiscal year, unless otherwise noted.

Executive Summary

  • Net sales was USD 2.3 billion, an increase of USD 332.6 million, or 17 percent. Net sales excluding the acquisition, divestitures, and foreign currency exchange increased 2 percent.
  • Net loss per diluted share was USD 0.23. Adjusted earnings per share was USD 2.76, an increase of 7 percent.
  • Cash provided by operations was USD 404.2 million compared to USD 176.9 million in the prior year. Free cash flow was USD 317.2 million, compared to USD 28.2 million in the prior year.
  • The Company updated its full-year fiscal 2025 financial outlook.

Chief Executive Officer Remarks

«Our strong second quarter performance demonstrates the strength of our categories and continued execution toward our key growth platforms,» said Mark Smucker, Chair of the Board, President and Chief Executive Officer. «During the quarter, we delivered organic net sales and earnings growth above our expectations. Looking ahead, we are focused on delivering our strategic priorities, including the integration of Hostess Brands, and are taking decisive actions to grow the «Hostess» brand. This includes the recently announced divestiture of the «Voortman» business, which highlights our strategy of prioritizing resources to our largest growth opportunities. We remain confident in the «Hostess» brand and its contribution to our long-term growth objectives.» For additional details please read the PDF file below (96 KB).

20241201-SMUCKER-Q22025.


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