The JM Smucker Company (SJM) has had a number of significant events recently. Reports indicate the company has raised its financial outlook possibly signifying a change in its price growth strategy. However, there have also been concerns regarding potential
securities fraud, prompting investigations from several law firms. Analyst
Jim Cramer criticized SJM's lack of 'Twinkies Pricing Power'. Amid mixed outlook predictions, a notable positive highlight comes with the strong performance of the
coffee sector, despite other challenges faced. SJM's fiscal 2026 Q1 earnings results were announced, showing improvements, though there are still potential risks. The company has also revealed an intention to remove
artificial colors from its food products. Meanwhile, SJM also announced planned
executive retirements and other leadership changes. Several financial institutions such as RBC Capital Markets and Jefferies have kept
buy ratings for the company, with Jefferies setting a $128.00 target. Nevertheless, hiccups such as net losses and margin pressures have led some to assert that the company's stock may remain in a 'penalty box'. The company has announced closures of manufacturing facilities, divestments, and portfolio optimizations in its Sweet Baked Snacks segment. At the same time, they have also celebrated the opening of the newest
Uncrustables manufacturing facility in McCalla, Alabama.
The JM Smucker Company SJM News Analytics from Thu, 06 Jun 2024 07:00:00 GMT to Sat, 06 Sep 2025 14:26:48 GMT -
Rating 1
- Innovation -1
- Information 5
- Rumor -2
