Categories Analysis, Consumer

What to look for when JM Smucker (SJM) reports its Q4 2024 earnings results

JM Smucker expects comparable sales to increase a mid-single-digit percentage in Q4 2024

Shares of the J.M. Smucker Co. (NYSE: SJM) stayed red on Monday. The stock has dropped 11% year-to-date. The branded foods company is set to report its fourth quarter 2024 earnings results on Thursday, June 6, before markets open. Here’s a look at what to expect from the earnings report:


Analysts are projecting revenue of $2.24 billion for SJM in the fourth quarter of 2024. This represents a slight increase from $2.23 billion reported in the same period last year. In the third quarter of 2024, net sales rose 1% year-over-year to $2.23 billion.


JM Smucker anticipates adjusted EPS to decline by a mid-teen percentage in the fourth quarter of 2024. The consensus estimate for Q4 EPS is $2.33, which compares to adjusted EPS of $2.64 reported in the year-ago quarter. In Q3 2024, adjusted EPS increased 12% to $2.48.

Points to note

JM Smucker expects comparable sales to increase a mid-single-digit percentage in Q4 2024. In the third quarter of 2024, comparable sales increased 6%, helped by volume/mix and net price realization.

Last quarter, the company benefited from volume growth, led by stable demand for its brands such as Café Bustelo, Dunkin, and Uncrustables. It also saw strong gains in its Meow Mix and Milk Bone pet food brands, and meaningful contribution from the Hostess and Voortman brands. This momentum is expected to continue in the fourth quarter as well.

JM Smucker is on track with its efforts in reshaping its portfolio. The acquisition of Hostess Brands has helped further expand its portfolio, and the divestitures of Sahale Snacks and the Canadian condiment businesses will help the company focus its resources on its coffee, snacking, and pet foods categories. The revamping of its portfolio is helping drive sales growth and margin improvement.

SJM’s efforts in increasing its distribution capacity and reducing costs, along with its pricing strategy, are paying off. The company expects its sales growth in the US Retail segment to reaccelerate to double-digits in the fourth quarter, helped by distribution gains. Alongside US Retail, it expects gains in the Away From Home business as well as strong contribution from the Sweet Baked Snacks business. Overall, JM Smucker is likely to see the momentum in its business continue in the fourth quarter.

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

ADBE Earnings: Adobe reports higher Q2 earnings; results beat estimates

Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in second-quarter 2024 revenue and earnings. The results also topped expectations. Second-quarter revenues came in at $5.31 billion,

Dollar Tree (DLTR): A look at the discount retailer’s growth initiatives at its namesake banner

Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were down over 1% on Thursday. The stock has dropped 24% year-to-date. The company delivered sales and GAAP earnings growth for the first

Key highlights from Signet Jewelers’ (SIG) Q1 2025 earnings results

Signet Jewelers Limited (NYSE: SIG) reported first quarter 2025 earnings results today. Sales decreased 9.4% year-over-year to $1.5 billion. Sales were down 9.6% on a constant currency basis. Same-store sales

Add Comment
Viewing Highlight