UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________ FORM 10-K _________________________________________________________________________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Com ...

The J. M. Smucker Company (NYSE:SJM) Q4 2023 Earnings Conference Call June 6, 2023 8:00 AM ET Company Participants Aaron Broholm - Vice President, Investor Relations Mark Smucker - Chair of the Board, President and Chief Executive Officer Tucker Marshall - Chief Financial Officer Aaron Broholm Good morning. This is Aaron Broholm, Vice President, Investor Relations for The J.M. Smucker Company. Thank you for listening to our prepared remarks on our fiscal 2023 fourth quarter earnings. After this brief introd ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________________________ FORM 10-Q ___________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: January 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-5111 _________ ...

财务数据和关键指标变化 - 公司预计全年毛利率约为33.5%,较上一季度有所提升 [15][16] - 公司预计未来毛利率将继续改善,主要受益于销量/产品组合改善、吉夫花生酱产品召回的影响消除、成本通胀缓解、供应链和制造环境稳定以及转型办公室带来的效益 [16][17] 各条业务线数据和关键指标变化 - 猫粮业务受到供应链中断影响,销量增长受限,但湿粮产品表现良好 [18][20] - 咖啡业务保持良好增长势头,各品牌均实现增长 [43] 各个市场数据和关键指标变化 - 公司54%的品类实现市场份额增长,但较上一季度有所下降,主要受猫粮供应链中断影响 [42][43] - 吉夫花生酱品牌已全面恢复上架,市场份额超过40% [100] 公司战略和发展方向及行业竞争 - 公司继续执行"全品类"策略,在不同价格段产品中保持平衡发展 [59] - 公司未来仍将通过适度收购来支持增长,但会更加谨慎和负责任,确保收购能提升现有业务或进入新兴增长品类 [82][83] 管理层对经营环境和未来前景的评论 - 供应链脆弱性仍存,但公司有能力应对,并将在未来几个月内解决猫粮干粮供应问题 [18][19] - 咖啡成本短期内未见明显下降,公司将根据实际成本情况适时调整定价 [70][71] 其他重要信息 - 公司预计未来资本支出将维持在5.5亿美元左右,主要用于阿拉巴马州Uncrustables工厂的建设 [90] - 公司计划利用7亿美元的狗粮业务出售收益来弥补该业务的收益损失 [51] 问答环节重要的提问和回答 问题1 **Peter Galbo提问** 询问第四季度毛利率大幅提升的原因,以及对2024财年毛利率的展望 [14][15][16][17] **Tucker Marshall回答** 主要得益于咖啡业务进入最佳毛利期,同时还有销量/产品组合改善、吉夫花生酱产品召回影响消除、成本通胀缓解、供应链和制造环境稳定以及转型办公室带来的效益 [15][16][17] 问题2 **Andrew Lazar提问** 询问公司为何未提高全年自由现金流指引,尽管第三季度表现优于预期 [32][33] **Tucker Marshall回答** 主要由于吉夫花生酱产品召回和Uncrustables工厂建设导致资本支出增加,以及本年度一些重组相关的额外税金支付 [33] 问题3 **Pamela Kaufman提问** 询问营销费用的投放情况及未来计划 [66][67][68] **Mark Smucker回答** 公司持续在全品类投放营销支持,第三季度有针对Nutrish品牌的新广告投放,未来仍将维持在净销售额6%以上的水平 [67][68]

THE J.M. SMUCKER CQ. FISCAL 2023 THIRD QUARTER EARNINGS SUPPLEMENTARY INFORMATION February 28, 2023 CONSOLIDATED RESULTS | --- | --- | --- | --- | |------------------------------------------|----------|----------|------------| | ($ in millions, except per share data) | FY23 Q3 | FY22 Q3 | YoY Change | | Net Sales | $2,216.3 | $2,057.1 | 8% | | Adjusted Gross Profit | $739.3 | $712.3 | 4% | | Adjusted Gross Profit Margin | 33.4% | 34.6% | -120bps | | Adjusted Operating Income | $357.6 | $377.9 | (5%) | | Adj ...