The J.M. Smucker Co. Highlights Transformed Portfolio and World-Class Capabilities at 2024 Investor Day
J.M. Smucker (NYSE: SJM) hosted its 2024 Investor Day to showcase its strategic transformation and growth potential. The company highlighted that its core business, representing ~85% of net sales, is delivering strong growth. Key focus areas include the Hostess® brand's growth revival and leveraging world-class marketing, commercial, and manufacturing capabilities.
Management presented strategies for key brands including Café Bustelo® (fastest-growing at-home coffee brand), Uncrustables® (targeting $1 billion in sales), and the iconic Jif® and Smucker's® brands. The company emphasized its commitment to delivering its long-term financial algorithm, including a goal of over $1 billion in annual free cash flow.
J.M. Smucker (NYSE: SJM) ha ospitato il suo Investor Day 2024 per presentare la sua trasformazione strategica e il potenziale di crescita. L'azienda ha evidenziato che il suo core business, che rappresenta circa l'85% delle vendite nette, sta registrando una forte crescita. Le aree chiave su cui si concentra includono il rilancio della crescita del marchio Hostess® e l'utilizzo di capacità di marketing, commerciali e produttive di livello mondiale.
La direzione ha presentato strategie per marchi chiave, tra cui Café Bustelo® (il marchio di caffè per la casa in più rapida crescita), Uncrustables® (che punta a 1 miliardo di dollari di vendite) e i leggendari marchi Jif® e Smucker's®. L'azienda ha sottolineato il suo impegno a rispettare il suo algoritmo finanziario a lungo termine, incluso un obiettivo di oltre 1 miliardo di dollari di flusso di cassa libero annuale.
J.M. Smucker (NYSE: SJM) organizó su Día del Inversor 2024 para mostrar su transformación estratégica y potencial de crecimiento. La empresa destacó que su negocio principal, que representa aproximadamente el 85% de las ventas netas, está experimentando un fuerte crecimiento. Las áreas clave de enfoque incluyen el renacimiento del crecimiento de la marca Hostess® y la utilización de capacidades de marketing, comerciales y de fabricación de clase mundial.
La administración presentó estrategias para marcas clave, incluyendo Café Bustelo® (la marca de café en casa de más rápido crecimiento), Uncrustables® (con un objetivo de $1 mil millones en ventas) y las icónicas marcas Jif® y Smucker's®. La empresa enfatizó su compromiso de cumplir con su algoritmo financiero a largo plazo, incluido un objetivo de más de $1 mil millones en flujo de caja libre anual.
J.M. Smucker (NYSE: SJM)은 2024 투자자 Day를 개최하여 전략적 변혁 및 성장 잠재력을 선보였습니다. 이 회사는 순매출의 약 85%를 차지하는 핵심 사업이 강력한 성장을 이루고 있다고 강조했습니다. 주요 중점 분야에는 Hostess® 브랜드의 성장 부활과 세계적 수준의 마케팅, 상업 및 제조 능력을 활용하는 것이 포함됩니다.
경영진은 Café Bustelo® (가정용 커피 브랜드 중 가장 빠른 성장), Uncrustables® (10억 달러 매출 목표), 그리고 상징적인 Jif® 및 Smucker's® 브랜드 등 주요 브랜드에 대한 전략을 발표했습니다. 회사는 연간 10억 달러 이상의 자유 현금 흐름 목표를 포함하여 장기 재무 알고리즘을 제공하기 위한 약속을 강조했습니다.
J.M. Smucker (NYSE: SJM) a organisé son Investor Day 2024 pour présenter sa transformation stratégique et son potentiel de croissance. L'entreprise a souligné que son activité principale, représentant environ 85 % des ventes nettes, affiche une forte croissance. Les principaux axes d'attention incluent le renouveau de la croissance de la marque Hostess® et l'exploitation de capacités de marketing, commerciales et de fabrication de classe mondiale.
La direction a présenté des stratégies pour des marques clés, notamment Café Bustelo® (la marque de café à domicile à la croissance la plus rapide), Uncrustables® (visant 1 milliard de dollars de ventes) et les marques emblématiques Jif® et Smucker's®. L'entreprise a souligné son engagement à respecter son algorithme financier à long terme, y compris un objectif de plus de 1 milliard de dollars de flux de trésorerie libre annuel.
J.M. Smucker (NYSE: SJM) veranstaltete seinen Investor Day 2024, um seine strategische Transformation und Wachstumspotenziale vorzustellen. Das Unternehmen hob hervor, dass sein Kerngeschäft, das etwa 85% des Nettoumsatzes ausmacht, stark wächst. Wichtige Schwerpunktbereiche sind das Wachstum der Marke Hostess® und die Nutzung von Weltklasse-Marketing-, Vertriebs- und Produktionskapazitäten.
Das Management präsentierte Strategien für wichtige Marken, darunter Café Bustelo® (die am schnellsten wachsende Kaffee-Marke für zu Hause), Uncrustables® (Ziel von 1 Milliarde USD Umsatz) und die ikonischen Marken Jif® und Smucker's®. Das Unternehmen betonte sein Engagement, das langfristige finanzielle Algorithmus zu erfüllen, einschließlich eines Ziels von über 1 Milliarde USD freien Cashflows pro Jahr.
- Core business representing 85% of net sales shows strong growth
- Target of over $1 billion in annual free cash flow
- Uncrustables® brand targeting $1 billion in net sales
- Café Bustelo® is the fastest growing leading brand in at-home coffee category
- Hostess® brand requires turnaround strategy to return to growth
Insights
The key highlight from this investor day presentation is SJM's strategic transformation and focus on sustainable growth. The company's core business, representing
The company's emphasis on free cash flow generation, targeting
SJM's portfolio transformation reflects strategic alignment with evolving consumer preferences, particularly in premium coffee and convenient food segments. The company's world-class marketing capabilities and data-driven approach to brand building demonstrate modern market adaptability. The focus on iconic brands like Jif® and Smucker's®, combined with growth brands like Café Bustelo® and Uncrustables®, creates a balanced portfolio targeting different consumer segments.
The emphasis on pet food and snacks segment shows awareness of the growing pet care market. The comprehensive presentation of growth strategies across multiple segments, including Sweet Baked Snacks, indicates a well-rounded approach to market opportunities and risk management.
"Over the last several years, we have strategically transformed our business to more effectively meet the evolving needs of the consumer while consistently delivering against our long-term financial algorithm," said Chair of the Board, President and Chief Executive Officer, Mark Smucker. "We are delivering growth across our portfolio through our world-class marketing, commercial and manufacturing capabilities, and are focusing our resources on our most significant growth opportunities. We are highly confident in our ability to deliver our long-term algorithm, including our goal of over
At the Investor Day, the Company will:
- Demonstrate how its core business, which accounts for approximately
85% of net sales, is delivering strong growth and positioned for continued success; - Reinforce the strategic rationale and long-term trajectory of the Hostess® brand, while also providing details on its plans to return the brand to growth; and
- Highlight how its world-class marketing, commercial and manufacturing capabilities are providing new ways to fuel further sales growth and margin expansion throughout the business.
In addition to Mark Smucker, the Company's Investor Day will feature presentations from key leaders across the organization, including:
- John Brase, Chief Operating Officer, will provide insights on the Company's transformed commercial strategy that is focused on driving sales growth and improved margins through enhanced sales, procurement and supply chain capabilities.
- Gail Hollander, Chief Marketing Officer, will discuss the Company's world-class brand building model that leverages a consumer-centric approach, data-driven insights and cultural relevance to build iconic brands and drive profitable growth.
- Rob Ferguson, Senior Vice President and General Manager, Coffee and Procurement, will provide an overview of how the Company's coffee portfolio is well positioned to capitalize on evolving consumer preferences, with a focus on driving growth for Café Bustelo®, the fastest growing leading brand in the at-home coffee category, and unlocking new opportunities in premium and cold coffee.
- Rebecca Scheidler, Senior Vice President and General Manager, Frozen Handheld and Spreads, will share how the Company will execute on strategies that will continue to propel the Uncrustables® brand to
in net sales and fuel the iconic Jif® and Smucker's® brands to new heights.$1 billion - Judd Freitag, Vice President, General Manager and Marketing, Pet, will provide an update on how the Company is focusing its resources and investments to accelerate sales growth and expand upon its leading positions in dog snacks and cat food, while improving its margins and growth profile.
- Dan O'Leary, Senior Vice President and General Manager, Sweet Baked Snacks and Pet, will discuss plans to return the Sweet Baked Snacks segment to growth, while also underscoring the Company's positive long-term outlook for the Hostess® brand.
- Tim Wayne, Senior Vice President and General Manager, Away From Home,
Canada and International, will detail the tremendous growth opportunities in the Away From Home channel and internationally, as well as the Company's margin expansion strategy for international markets. - Jill Penrose, Chief People and Company Services Officer, will discuss the culture and talent of the Company, and how it serves as a competitive advantage in delivering the business.
- Tucker Marshall, Chief Financial Officer, will discuss the Company's strong financial foundation shaped by its continued commitment to balanced capital deployment through investing in the business while delivering consistent shareholder value. He will also reaffirm the Company's long-term growth targets.
To listen to the virtual webcast of the Company's Investor Day, which begins at 8:45 a.m. Eastern Standard Time, or to review the event replay, visit www.investors.jmsmucker.com.
About The J.M. Smucker Co.
This press release contains forward-looking statements, such as projected net sales, operating results, earnings, and cash flows that are subject to risks and uncertainties that could cause actual results to differ materially from future results expressed or implied by those forward-looking statements. The risks, uncertainties, important factors, and assumptions listed and discussed in this press release, which could cause actual results to differ materially from those expressed, include: the Company's ability to successfully integrate Hostess Brands' operations and employees and to implement plans and achieve financial forecasts with respect to the Hostess Brands' business; the Company's ability to realize the anticipated benefits, including synergies and cost savings, related to the Hostess Brands acquisition, including the possibility that the expected benefits will not be realized or will not be realized within the expected time period; disruption from the acquisition of Hostess Brands by diverting the attention of the Company's management and making it more difficult to maintain business and operational relationships; the negative effects of the acquisition of Hostess Brands on the market price of the Company's common shares; the amount of the costs, fees, expenses, and charges and the risk of litigation related to the acquisition of Hostess Brands; the effect of the acquisition of Hostess Brands on the Company's business relationships, operating results, ability to hire and retain key talent, and business generally; disruptions or inefficiencies in the Company's operations or supply chain, including any impact caused by product recalls, political instability, terrorism, geopolitical conflicts (including the ongoing conflicts between
About The J.M. Smucker Co.
At The J.M. Smucker Co., it is our privilege to make food people and pets love by offering a diverse family of brands available across
The J.M. Smucker Co. is the owner of all trademarks referenced herein, except for Dunkin'®, which is a trademark of DD IP Holder LLC. The Dunkin'® brand is licensed to The J.M. Smucker Co. for packaged coffee products sold in retail channels, such as grocery stores, mass merchandisers, club stores, e-commerce and drug stores, as well as in certain away from home channels. This information does not pertain to products for sale in Dunkin'® restaurants.
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SOURCE The J.M. Smucker Co.
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