The J M Smucker Company reported Q3 FY2025 results that reflected a mix of brand momentum on a multi-brand platform and near-term headwinds from supply-chain disruptions and impairment charges. Net sales declined 2% year-over-year to $2.186 billion, while adjusted earnings per share (EPS) rose 5% to $2.61, driven by favorable price realization and cost discipline. However, GAAP net income was negative at $662.3 million primarily due to non-cash impairment charges of $794 million related to the Sweet Baked Snacks goodwill and $208 million related to the Hostess trademark, underscoring the legacy-portfolio deterioration in the near term. Management guided to a higher full-year adjusted EPS midpoint (roughly $9.85â$10.15) and raised free cash flow to about $925 million, supported by expected Hostess synergies and ongoing cost-management initiatives. The company reaffirmed a strategic tilt toward high-growth platforms (Uncrustables, Caf e9 Bustelo, Milk-Bone, Meow Mix) while continuing to optimize the Hostess portfolio and pursuing revenue synergies across channels, including expansion into convenience and C-store."