The J.M. Smucker Co. Completes the Divestiture of Voortman® Brand to Second Nature Brands and Updates Fiscal Year 2025 Net Sales Outlook [Yahoo! Finance]
The J.M. Smucker Company (SJM)
Last the j.m. smucker company earnings: 2/26 07:00 am
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US:NYSE Investor Relations:
jmsmucker.com/investor-relations
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Source: Yahoo! Finance
The Company previously announced the signing of a definitive agreement for the transaction on October 22, 2024 . The all-cash transaction is valued at approximately $305 million , subject to a working capital adjustment, and reflects the Company's continued commitment to optimizing its portfolio and reallocating resources to its core growth brands. The transaction includes all Voortman ® trademarks and the Company's leased manufacturing facility in Burlington, Ontario, Canada . In addition, approximately 300 employees will transition with the business. The Company updated its full-year fiscal 2025 net sales guidance to reflect the impact of the divested business. Net sales is anticipated to increase 7.5 to 8.5 percent compared to the prior year. The updated net sales guidance reflects the removal of approximately $65 million of divested net sales in fiscal 2025, with the estimated net sales impact evenly distributed throughout the remainder of the fiscal year. On a comparable basi
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News
- The J. M. Smucker Company Announces Pricing for Cash Tender Offers [Yahoo! Finance]Yahoo! Finance
- The J. M. Smucker Company Announces Pricing for Cash Tender OffersPR Newswire
- The J. M. Smucker Company Announces Early Tender Results of Previously Announced Cash Tender Offers [Yahoo! Finance]Yahoo! Finance
- The J. M. Smucker Company Announces Early Tender Results of Previously Announced Cash Tender OffersPR Newswire
- Hostess® Celebrates the Joy of Snacking with Fresh Logo and Packaging [Yahoo! Finance]Yahoo! Finance
SJM
Earnings
- 11/26/24 - Beat
SJM
Sec Filings
- 12/18/24 - Form 4
- 12/17/24 - Form 8-K
- 12/17/24 - Form 144
- SJM's page on the SEC website