Smucker Q1 net sales rise 18% to $2.1 billion; full-year adjusted EPS outlook lowered
J.M. Smucker reported first-quarter fiscal 2025 results for the period ended July 31, 2024, with net sales up 18% to $2.1 billion, largely from the Hostess Brands acquisition. The company also lowered its full-year adjusted earnings per share guidance to $9.60 to $10.00 from $9.80 to $10.20, citing higher green coffee costs and softer demand in some categories, so shareholders face a mixed picture of strong growth alongside a weaker outlook.
Key points
- Net sales were $2,125.1 million, up 18%; excluding acquisition, divestitures, and currency, net sales rose 1%.
- GAAP net income per diluted share was $1.74, down from $1.79; adjusted EPS was $2.44, up 10% from $2.21.
- Full-year fiscal 2025 adjusted EPS guidance was cut to $9.60 to $10.00 from $9.80 to $10.20; net sales growth guidance was lowered to 8.5% to 9.5%.
- Free cash flow was $49.2 million, compared with $67.6 million a year earlier; full-year free cash flow guidance was cut to $875 million from $900 million.
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 28, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.