J.M. Smucker Co. has reported robust financial results for the first quarter of fiscal year 2025, demonstrating significant growth in both net sales and earnings.
The company’s net sales reached USD2.1bn, marking an impressive 18% increase from the previous year. This growth was largely attributed to the recent acquisition of Hostess Brands, which contributed USD333.7m to the top line. Even excluding the impact of acquisitions, divestitures, and foreign currency exchange, the company still managed to achieve a 1% increase in comparable net sales.
The company’s profitability also showed positive momentum, with adjusted earnings per share rising by 10% to USD2.44. This growth in earnings, coupled with the substantial increase in net sales, reflects J.M. Smucker’s ability to successfully integrate its recent acquisition and maintain strong performance across its core brands.
Notable contributors to the company’s organic growth included increased sales of Uncrustables, Café Bustelo, and Meow Mix brands.
Despite facing a dynamic consumer environment, J.M. Smucker’s CEO, Mark Smucker, expressed satisfaction with the company’s start to the fiscal year.
He highlighted the company’s focus on delivering core business growth, successful integration of Hostess Brands, and progress in transformation, cost discipline, and cash generation as key drivers of their performance. While cash provided by operations saw a slight decrease compared to the previous year, the company remains confident in its financial outlook, prompting an update to its full-year fiscal 2025 guidance.
Find out more at: https://www.jmsmucker.com/