J.M. Smucker - food industry company news 
2012 - Supermarket battles to drive supplier M&A
6 February 2012
Some of the world's largest retailers struggled in 2011, which promises to mean even more intense competition in 2012. What could this mean for suppliers? Ultimately, it could mean the industry witnesses more consolidation this year.
On the money: Hain Celestial eyes global growth opportunities
2 February 2012
The CEO of Hain Celestial has told analysts that the US food company will look to make more acquisitions this year, in the US and Asia.
US: Hain Celestial posts "record" H1 profits
2 February 2012
US food company Hain Celestial has hailed "record" first-half profits, boosted by expanded distribution and the acquisition of UK firm Daniels Group last year.
2011 in review - M&A activity fails to meet expectations
22 December 2011
A year ago, there was consensus that M&A activity would pick up in 2011. As we look back on the last 12 months, there were some major deals but concern over the economy meant the numbers of deals fell short of expectations. Dean Best reports.
US: Salmonella scare leads Smucker to recall peanut butter
18 November 2011
US food maker JM Smucker has recalled batches of peanut butter amid concerns the products could be contaminated with salmonella.
US: JM Smucker posts Q2 profit drop, cuts FY forecast
18 November 2011
Shares in JM Smucker closed down yesterday (17 November) after the US food group reported a fall in quarterly profits and cut its guidance for annual earnings.
UK/US/SINGAPORE: Hain linked to Daniels Group sale
10 October 2011
Hain Celestial, a US maker of organic foods, is reportedly in talks to buy UK chilled foods firm Daniels Group.
CANADA: Hain Celestial buys vegetable brand from Smucker
6 October 2011
The Canadian subsidiary of Hain Celestial has acquired the Europe's Best vegetable brand from US food group JM Smucker.
US: Commodity costs hit Smucker food profits in Q1
18 August 2011
JM Smucker has reported falling quarterly profits from its consumer food business as higher commodity costs ate into earnings.
US: Commodity cost hikes hit Smucker profits
9 June 2011
US food manufacturer JM Smucker has posted a fall in fourth-quarter profits as sales growth was offset by increased input costs.
US: Smucker reorganises executive line-up
8 March 2011
JM Smucker is reorganising the structure of its executive management team and will move from having two CEOs to one this summer.
Quote, unquote: CAGNY 2011
25 February 2011
At the CAGNY analyst conference in Florida this week, two trends seemed to dominate the presentations: rising commodity costs - and manufacturers' ability to push them through - plus expansion into emerging markets. Here's the best of what was said at CAGNY:
CAGNY: JM Smucker studying China entry
23 February 2011
US food group JM Smucker, which generates a tiny proportion of its sales outside North America, has emphasised its plans to enter China.
US: JM Smucker Q3 profit slides on charges
17 February 2011
US food group JM Smucker has booked a 3% decline in profit for its third quarter, as charges dented higher sales.
Talking shop: US promotional landscape to continue in 2011
7 December 2010
As we close in on the end of 2010, the promotional landscape remains difficult for retailers, with few markets more competitive than in the US, where ongoing low levels of consumer confidence and efforts from the major operators to gain market share have continued to drive prices downward. With commodity prices starting to show upward movement, how much longer can this promotional environment be sustained?
Quote, unquote: just-food's week in words
19 November 2010
The merger between Greencore and Northern Foods, the race to own Yoplait, reform of Europe's farm policy and Unilever's new push on sustainability all got people talking this week. Here is the best of who said what.
Editor's choice: the highlights on just-food this week
19 November 2010
In the week that just-food kicked off its Open House period, the food sector saw a merger with implications on both sides of the Atlantic with the deal between Greencore and Northern Foods. In the US, Heinz, JM Smucker and Wal-Mart Stores reported their latest numbers to Wall Street. And, in Europe, the battle for yoghurt brand Yoplait intensified when Lactalis tabled a EUR1.4bn (US$1.91bn) - that was swiftly rejected - while the EU launched plans to reform farm policy.
On the money: Competitive pricing hits JM Smucker oils, baking division
19 November 2010
US food group JM Smucker said "unprecedented competitive pricing" throughout the second quarter contributed to volume declines in its oils and baking segment.
US: JM Smucker profits climb, ups guidance
18 November 2010
US food group JM Smucker has booked an increase in second-quarter profits and upped its earnings guidance for the full-year.
CANADA: J.M. Smucker to close two Ontario plants
29 September 2010
US food group J.M. Smucker has decided to close two plants in Canada.
US: JM Smucker’s profits climb in Q1
20 August 2010
US food group JM Smucker has booked an increase in first-quarter net income.
Quote, unquote: just-food's week in words
18 June 2010
Food campaigners took a swipe at Europe's food industry and politicians after the European Parliament voted against imposing traffic light labels. Danone and Marfrig explained why they have again expanded overseas, while US retailer Kroger commented on the threat of Wal-Mart and UK grocer Sainsbury's expressed caution over the country's economy.
US: Smucker Q4 profits up as consumer brands prosper
17 June 2010
US food group JM Smucker today (17 June) reported bumper quarterly profits as sales of its Jif peanut butter and namesake fruit spreads rose.
The top stories on just-food this week
26 March 2010
From PBM to PepsiCo, food makers in the US dominated the headlines this week. The sale of infant-formula maker PBM for US$808m highlighted the attractiveness of the category. PepsiCo became the latest to announce plans to cut salt, sat fat and sugar from its products, while bread and cereal makers in Australia outlined their own programme to cut salt. In Europe, Swiss firm Orior set out plans for an IPO, UK retailer Sainsbury's reported slowing sales and Danone admitted it will shake up its domestic dairy business. These were the most popular stories on just-food this week.
US: Smucker "could look for M&A" - analyst
25 March 2010
US food group JM Smucker could still be on the look-out for acquisitions even after its investment in revamping its supply chain and manufacturing in North America, according to a leading analyst.
US: Smucker to close four plants in revamp
24 March 2010
US food group JM Smucker is revamping its supply chain and manufacturing network with a series of moves that include the closure of four plants.
US: Smucker sells Hungry Jack potato brand
16 March 2010
JM Smucker has announced a sale of its Hungry Jack potato products business to Basic American Foods.
On the money: JM Smucker sees trade-down waning
24 February 2010
US peanut butter and jelly maker JM Smucker has said that it saw product mix improvements in the third quarter and claimed consumers were returning to more premium brands.
US: JM Smucker boosted by Folgers, margins
24 February 2010
Peanut butter and jelly maker JM Smucker has posted a leap in quarterly earnings, which were boosted by the integration of its Folgers coffee business and improved margins.
INSIGHT: Smucker benefits from margin boost
20 November 2009
JM Smucker said today (20 November) that improved margins had bolstered its second quarter profits, which more than doubled year-on-year.
Related research
The J.M. Smucker Company SWOT Analysis
Datamonitor's The J.M. Smucker Company - SWOT Analysis company profile is the essential source for top-level company data and information. The J.M. Smucker Company - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.The J.M. Smucker Company (J.M. Smucker or “the company”) is a manufacturer and marketer of branded food products including peanut butter, shortening and oils, flour and baking ingredients, and fruit spreads. The company primarily operates in the US and Canada. It is headquartered in Orrville, Ohio and employs about 4,700 people. The company recorded revenues of $3,757.9 million during financial year ended April 2009 (FY2009), an increase of 48.8% over FY2008. The operating profit of the company was $451 million during FY2009, an increase of 58.7% over FY2008. The net profit was $266 million in FY2009, an increase of 56.1% over 2008.
The J.M. Smucker Company - SWOT Analysis
Datamonitor's The J.M. Smucker Company - SWOT Analysis company profile is the essential source for top-level company data and information. The J.M. Smucker Company - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.The J.M. Smucker Company (J.M. Smucker or "the company") is a leading marketer and manufacturer of fruit spreads, retail packaged coffee, peanut butter, shortening and oils, ice cream toppings, sweetened condensed milk, and health and natural foods beverages. The company primarily operates in the US and Canada. It is headquartered in Orrville, Ohio and employs about 4,850 people. The company recorded revenues of $4,605.3 million during the financial year ended April 2010 (FY2010), an increase of 22.5% over 2009. The operating profit of the company was $789.9 million in FY2010, an increase of 75.1% over 2009. The net profit was $494.1 million in FY2010, an increase of 85.8% over 2009.
The J.M. Smucker Company (SJM) - Financial and Strategic SWOT Analysis Review
This comprehensive SWOT profile of The J.M. Smucker Company provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.
