Company Overview: The J. M.. Smucker Company

Business Description

• Industry: Manufacturing and marketing of branded food and beverage products primarily sold through retail outlets.
• Founded: 1897, incorporated in Ohio in 1921.
• Headquarters: Orrville, Ohio, One Strawberry Lane, 44667-0280.
• Employees: Over 8,000 full-time employees worldwide.

Geographic Focus

• Major Markets: Predominantly in the United States (~96% of net sales).
• International Operations: Mainly in Canada; exports to other countries (4% of net sales in 2025).

Key Business Segments

• U.S. Retail Coffee
• U.S. Retail Frozen Handheld and Spreads
• U.S. Retail Pet Foods
• Sweet Baked Snacks

Note: These four segments accounted for 86% of consolidated net sales in 2025.

Principal Products

• Coffee (e.g., Folgers®, Dunkin’®, Café Bustelo®)
• Sweet baked goods (including Hostess® brands like Twinkies®, DingDongs®, HoHos®, etc.)
• Pet snacks (e.g., Milk-Bone®, Pup-Peroni®, Canine Carry Outs®)
• Pet foods (e.g., Meow Mix®, 9Lives®, Blue Buffalo®, Nature’s Recipe®)
• Spreads and fruit preserves (e.g., Jif®, Smucker’s®, Welch’s®, Bonne Maman)
• Frozen handheld products (e.g., Uncrustables®, Hot Pockets®)
• Toppings, syrups, baking mixes, and ingredients

Strategic Focus

• Leading in categories such as pet food, coffee, and snacking.
• Growing categories: Pet, Coffee, and Snacking.
• Long-term sales growth targeted at low single-digit percentage; operating income growth of mid-single-digit percentage; earnings per share growth of high single-digit percentage.

Major Customers & Revenue

• Top Customer: Walmart Inc. (about 33% of net sales in 2025)
• Total Top 10 customers: approximately 60% of consolidated net sales
• Customer Concentration Risks: Dependence on a limited number of large customers. No other customer exceeded 10% of net sales.

Revenue & Income

• Net Sales:

  • For fiscal year ending April 30, 2025: $8.726 billion
  • Comparison to previous year: +7% growth

• Net Income (Loss):

  • 2025: -$1.231 billion (loss)
  • 2024: $744 million profit

• Earnings Per Share (Diluted):

  • 2025: -$11.57
  • 2024: $7.13

Recent Significant Transactions

• Acquisition:

  • Hostess Brands, Inc. (Completed November 7, 2023)
  • Purchase consideration: $5.4 billion (including $3.9 billion cash, issuance of 4 million shares)
  • Revenue contribution in 2025: $1.179 billion
  • Synergies expected: ~$100 million by end of 2026

• Divestitures:

  • Voortman business sold to Second Nature on December 2, 2024 (Net sales: $86.3 million in 2025; loss recognized: $265.9 million)
  • Certain Sweet Baked Snacks brands sold to JTM in March 2025 (Net sales: approx. $48.4 million in 2025; loss: $44.2 million)
  • Canada condiment business sold to TreeHouse Foods on January 2, 2024 (Net sales: $43.8 million in 2024; loss: $5.7 million)
  • Sahale Snacks sold to Second Nature on November 1, 2023 (Net sales: $24.1 million in 2024; loss: $6.7 million)
  • Pet food brands sold to Post Holdings in April 2023 (Net sales: $1.5 billion in 2023; loss: $1.0 billion)

Market Capitalization

• Market Value (as of October 31, 2024): Approximately $11.711 billion in market capitalization.

Summary

The J. M.. Smucker Company is a leading producer of branded food and beverage products with a focus on the North American retail market. It owns iconic brands across coffee, snacks, pet foods, and spreads, sold mainly through retail chains, grocery stores, wholesale distributors, and e-commerce. The company has over 8,000 employees, generated sales of $8.726 billion in 2025, but reported a net loss of $1.231 billion largely due to impairment charges and divestitures. It continues to pursue growth through acquisitions (notably Hostess) and divestments of non-core brands, with a strong customer base heavily reliant on Walmart. The company emphasizes innovation, brand strength, and strategic category leadership while managing significant supply chain, commodity, and competitive risks.