LONDON, UK / ACCESSWIRE / December 29, 2017 / Active-Investors.com has just released a free earnings report on The J.M. Smucker Co. (NYSE: SJM). If you want access to this report all you need to do is sign up now by clicking the following linkwww.active-investors.com/registration-sg/?symbol=SJM. The Company reported its financial results on November 16, 2017, for the second quarter fiscal 2018 (Q2 FY18). The Orrville, Ohio-based Company recorded operating income growth of 9% y-o-y, while net income per diluted share grew also grew 13% y-o-y. Register today and get access to over 1000 Free Research Reports by joining our site below: www.active-investors.com/registration-sg.

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, The J.M. Smucker most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below: www.active-investors.com/registration-sg/?symbol=SJM.

Earnings Highlights and Summary

J.M. Smucker reported net sales of $1.92 billion in Q2 FY18, which came in above the $1.91 billion in the prior year's comparable quarter. Net sales for the reported quarter beat market expectations of $1.90 billion. Furthermore, the quarterly net sales growth was driven by higher net pricing for peanut butter and the J.M. Smucker's brand.

The food maker's net income increased during the reported quarter to $194.6 million, or $1.71 per diluted share, from $177.3 million, or $1.52 per diluted share, in the same period last year. Meanwhile, the Company's adjusted net income was $229.5 million, or $2.02 per diluted share, in Q2 FY18, versus $239.2 million, or $2.05 per diluted share, in Q2 FY17. Wall Street has expected the Company to report adjusted net income of $1.89 per share.

Operating Metrics

The multinational Company incurred cost of products sold came in flat at $1.17 billion in Q2 FY18. The Company's adjusted gross profit was $746.2 million, or 38.8% of net sales, for Q2 FY18 compared $757.4 million, or 39.6% of net sales in Q2 FY17. During the quarter, the Company benefited from higher pricing and costs more than offset lower volume/mix, primarily attributed to the oils and baking categories. J.M. Smucker's selling, distribution, and administrative expenses were $360.9 million in Q2 FY18 versus $363.1 million in the year-ago same quarter.

The Company's adjusted operating income came in at $383.2 million, or 19.9% of net sales, for the reported quarter compared to $396.2 million, or 20.7% of net sales in the previous year's corresponding period. Furthermore, adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) for Q2 FY18 stood at $435.6 million, or 22.6% of net sales, which came in above the $411.3 million, or 21.5% of net sales, reported in last year's comparable quarter.

J.M. Smucker's Segment Results

In Q2 FY18, the Company's US Retail Coffee segment's net sales rose to $552.7 million from $551.8 million in Q2 FY17. The segment's profit fell to $152.6 million in Q2 FY18 from $186.5 million in Q2 FY17. Additionally, the segment's profit margin was 27.6% of the segment's sales for Q2 FY18 compared to 33.8% of the segment's sales in Q2 FY17.

The US Retail Consumer Foods segment's net sales fell to $531.5 million during Q2 FY18 from $557.3 million in Q2 FY17. Meanwhile, the segment's profit for Q2 FY18 improved to $130.9 million from $118.9 million in Q2 FY17. Furthermore, the segment's profit margin increased to 24.6% of the segment's sales in Q2 FY18 from 21.3% of the segment's sales in last year's comparable period.

The US Retail Pet Foods segment posted net sales of $552.1 million in Q2 FY18, which came in above the $531.0 million reported in the year ago same quarter. The segment's profit also increased to $122.9 million, or 22.3% of the segment's sales, in Q2 FY18 from $114.5 million, or 21.6% of the segment's sales, in Q2 FY17.

International and Away from Home segment's net sales for Q2 FY18 was $287.3 million, up from $273.8 million in Q2 FY17. The segment's profit for the reported quarter stood at $53.7 million, or 18.7% of the segment's sales, compared to $51.7 million, or 18.9% of the segment's sales, in Q2 FY17.

Cash Matters & Balance Sheet

In Q2 FY18, the Company's net cash provided by operating activities were $130.3 million versus $136.4 million in the previous year's comparable period. Additionally, free cash flow during the reported quarter was $69.9 million compared to $102.6 million in Q2 FY17.

The Company had cash and cash equivalents worth $180.3 million as on October 31, 2017, versus $166.8 million as on April 30, 2017. Furthermore, the Company ended the quarter with long-term debt of $4.29 billion compared to $4.45 billion as on April 30, 2017.

Guidance

In its outlook for full year FY18, J.M. Smucker now expects net sales to be in the range of flat to down slightly versus the prior year's same period. Furthermore, adjusted earnings for full year FY18 is now projected to be in the range of $7.75 to $7.90 per share.

Stock Performance Snapshot

December 28, 2017 - At Thursday's closing bell, J.M. Smucker's stock slightly advanced 0.08%, ending the trading session at $124.89.

Volume traded for the day: 486.84 thousand shares.

Stock performance in the last month - up 8.67%; previous three-month period - up 18.81%; and past six-month period - up 5.82%

After yesterday's close, J.M. Smucker's market cap was at $14.04 billion.

Price to Earnings (P/E) ratio was at 25.26.

The stock has a dividend yield of 2.50%.

The stock is part of the Consumer Goods sector, categorized under the Processed & Packaged Goods industry. This sector was flat at the end of the session.

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