Smucker Co. Sees 18% Revenue Surge in Q1 2024, Exceeding Expectations.
The J.M. Smucker Co. [SJM] announced its financial results for the first quarter ended July 31, 2024, of its fiscal 2025 year, reporting a net income of $185.0 million for the quarter. This represents a slight increase from the previous quarter's net income.
The company, headquartered in Orrville, Ohio, reported to SEC in an 8-K filing $1.74 earnings per share in the quarter, compared to $1.79 in the previous quarter.
The J.M. Smucker Co. reported a revenue of $2.1 billion in the latest period, reflecting a notable 18% increase from the previous period. The company operates in the Consumer Packaged Goods sector.
In comparison to the same quarter of the previous year, The J.M. Smucker Co. observed a robust 18% growth in revenue. Additionally, the company experienced a 1% increase in net income for the current quarter compared to the same quarter of the previous year.
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As of August 27, 2024 end of day trading.
Dollars in millions | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 |
|---|
Income Statement |
| Revenue | $8,178.7 | $2,229.2 | $1,938.6 | $1,805.2 |
| Operating Profit | $0.0 | | $298.9 | $303.5 |
| Net Income | $744.0 | $120.4 | $194.9 | $183.6 |
| Net Cash | -$593.8 | -$619.9 | $2,968.1 | -$414.7 |
| Gross Margin | $3,115.4 | $823.1 | $724.2 | $654.8 |
| Operating Margin | $0.0 | | $0.0 | $0.0 |
| Profit as % of Revenues | 418.74 | 36.92 | 37.36 | 36.27 |
| Profit as % of Assets | 7.34 | 1.19 | 1.18 | 1.24 |
| Profit as % of Stockholder Equity | 3.67 | 1.59 | 2.75 | 2.62 |
| Return on Equity | 1.24 | 1.59 | 2.75 | 2.62 |
| Return on Assets | 1.24 | 0.59 | 1.08 | 1.25 |
| Turnover Ratio | 80.68 | 0.22 | 0.12 | 0.12 |
| EBITA | $191.1 | | $0.0 | $0.0 |
Balance Sheet |
| Total Assets | $20,273.7 | $20,247.2 | $18,123.7 | $14,711.8 |
| Total Liabilities | $12,579.8 | $12,687.1 | $11,034.8 | $7,708.4 |
Cash Flow Statement |
| Operating Cash Flow | $1,229.4 | $801.3 | $394.8 | $217.9 |
| Investing Cash Flow | -$3,964.6 | -$3,861.2 | -$293.7 | -$151.9 |
| Financing Cash Flow | $2,141.6 | $2,439.5 | $2,867.7 | -$481.3 |
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