Q2 2025 J M Smucker Co Earnings Call (Q&A Session) Transcript
Key Points
- JM Smucker Co (SJM) delivered a strong second quarter with solid top-line momentum.
- The company is committed to achieving $100 million in cost synergies by the end of fiscal year 2026.
- Uncrustables brand is performing exceptionally well, with expectations to hit $900 million in sales this year.
- The company is actively engaged with key customers to improve distribution and merchandising for Sweet Baked Snacks.
- Meow Mix brand continues to be a bright spot in the pet portfolio, with restored promotional activity and innovation driving growth.
- JM Smucker Co (SJM) expects flat year-over-year sales in the fiscal third quarter due to challenges in the coffee and pet portfolios.
- Hostess brand is experiencing a low single-digit year-over-year decline in the second half, with execution issues impacting performance.
- The company faces ongoing green coffee inflation, which has necessitated two rounds of pricing increases.
- There is a $0.60 impact of stranded overhead from the pet food divestiture affecting this fiscal year's earnings.
- The discretionary nature of pet treating is causing slower growth in the Milk-Bone brand.
Good morning, and welcome to the J. M. Smucker Company's fiscal 2025 second-quarter earnings question-and-answer session. This conference call is being recorded. (Operator Instructions)
I'll now turn the call over to Crystal Beiting, Vice President, Investor Relations and Financial Planning and Analysis. Thank you. You may begin.
Good morning and thank you for joining our fiscal 2025 second quarter earnings question-and-answer session. I hope everyone had a chance to review our results as detailed in this morning's press release and management's prepared remarks, which are available on our corporate website at jmsmucker.com. We will also post an audio replay of this call at the conclusion of this morning's Q&A session.
During today's call, we may make forward-looking statements that reflect our current expectations about future plans and performance. These statements rely on assumptions and estimates, and actual results may differ materially due to risks and uncertainties. Additionally,
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