The J M Smucker Company
SJM
$100.11 0.50%
Exchange: NYSE | Sector: Consumer Defensive | Industry: Packaged Foods
Q1 2025
Published: Aug 28, 2024

Earnings Highlights

  • Revenue of $2.13B up 17.7% year-over-year
  • EPS of $1.74 decreased by 2.8% from previous year
  • Gross margin of 37.5%
  • Net income of 185.00M
  • "Uncrustables continues to grow, obviously, peanut butter. Bustelo has performed exceptionally well." - Mark Smucker
SJM
Company SJM

Executive Summary

The J. M. Smucker Company reported solid QQ1 2025 results, underscoring a diversified, highly recognizable brand portfolio that continued to deliver volume growth in marquee platforms such as Uncrustables and Cafe9 Bustelo, while facing near-term pressure from inflation and discretionary spending softness in Sweet Baked Snacks and pet snacks. Total revenue for QQ1 2025 was $2.125B, with gross profit of $797.2M and net income of $185.0M, equating to net margin of 8.7% and EPS of $1.74. Management emphasized continued momentum in high-potential brands and ongoing integration benefits from the Hostess acquisition, while signaling a deliberate step-down in top-line velocity driven by macro headwinds (green coffee inflation, channel shifts, and a softer convenience channel). The company reaffirmed its longer-term earnings trajectory, including a plan to reach $1B in Uncrustables sales by FY2026 and a commitment to incremental cost synergies and debt reduction. The quarter showcased a dual narrative: resilient brand execution and strategic investments (capacity expansion, marketing focus) offset by near-term gross-margin pressure from green coffee costs and a softer near-term consumer environment. Given the backdrop, Smucker remains exposed to commodity volatility and discretionary consumer dynamics, but benefits from a strong, diversified stable of brands and ongoing efficiency initiatives.

Key Performance Indicators

Revenue
Increasing
2.13B
QoQ: -3.65% | YoY: 17.72%
Gross Profit
Increasing
797.20M
37.51% margin
QoQ: -12.71% | YoY: 21.75%
Operating Income
Increasing
349.50M
QoQ: -13.92% | YoY: 15.16%
Net Income
Increasing
185.00M
QoQ: -24.52% | YoY: 0.76%
EPS
Decreasing
1.74
QoQ: -24.68% | YoY: -2.79%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 2,113.30 -0.41 -4.2% View
Q3 2025 2,186.00 -6.21 -1.9% View
Q2 2025 2,271.20 -0.23 +17.2% View
Q1 2025 2,125.10 1.74 +17.7% View
Q4 2024 2,205.70 2.30 -1.3% View