10-Q quarterly report · filed Feb 27, 2025

J.M. Smucker Company (The) (SJM) Q1 2025 10-Q Quarterly Report

Short answer

J.M. Smucker Company (The) (SJM) filed its Q1 2025 10-Q quarterly report on Feb 27, 2025 for the quarter ended Jan 31, 2025. Quarterly revenue was $2.2B (down 1.9% year over year) with net income of −$662M.

Q1 2025 key financials · XBRL

Revenue
$2.2B
−1.9% YoY · −3.8% QoQ
Net income
−$662M
−650.1% YoY · −2603.3% QoQ
Operating margin
-27.2%
Gross margin
40.2%
EPS (diluted)
−$6.23
−656.3% YoY · −2608.7% QoQ

Source: XBRL data from the J.M. Smucker Company (The) (SJM) Q1 2025 10-Q on SEC EDGAR. USD.

J.M. Smucker Company (The) Q1 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New goodwill impairment risk triggered by Sweet Baked Snacks underperformance and Hostess integration, causing $1.0B pre-tax impairment charge Q3 2025
  • Material update: $251.1M goodwill disposed with Voortman divestiture, reallocating Sweet Baked Snacks goodwill based on updated fair value
  • Regulatory/legal risk not materially changed, no new compliance issues disclosed since 10-K
  • Market risk: inflation and reduced consumer discretionary income slowing sweet baked goods recovery and causing lost market share
  • Financial risk: goodwill of $13.1B on books versus $18.4B assets, $6.9B equity, impairment risk if fair value drops below carrying value

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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