J.M Smucker Co q3 Report 2024

The J.M. Smucker Co. announced results for the third quarter ended January 31, 2024, of its 2024 fiscal year. Financial results for the third quarter of fiscal year 2024 reflect the divestiture of the Canada condiment business on January 2, 2024, acquisition of Hostess Brands, Inc. (“Hostess Brands”) on November 7, 2023, divestiture of the Sahale Snacks^® 

Highlights

• Net sales increased $12.9 million, or 1 percent. Net sales excluding the acquisition, divestitures, and foreign currency exchange increased 6 percent.
• Net income per diluted share was $1.13. Adjusted earnings per share was $2.48, an increase of 12 percent.
• Cash provided by operations was $406.5 million compared to $584.6 million in the prior year. Free cash flow was $249.6 million, compared to $442.7 million in the prior year.
• The Company updated its full-year fiscal 2024 financial outlook.