SJM Latest Report

Performance of the Quarterly Report

Based on JM Smucker's financial data as of January 31, 2025, the Company's total operating revenue was US$2.186 billion, a decrease of approximately 1.92% year-on-year. This change reflects the challenges faced by the Company in the competitive market and economic environment, leading to a decrease in sales revenue.

Key Data in the Quarterly Report

1. The Company's total operating revenue decreased to US$2.186 billion, compared to US$2.229 billion in 2024, indicating poor sales performance.

2. The sales cost was US$1.308 billion, lower than US$1.406 billion in 2024, but still unable to effectively improve profit margins.

3. Intensified market competition and changes in consumer preferences may be significant factors for the decline in revenue.

4. Fluctuations in the overall economic environment affect consumer spending capacity, which in turn affects sales performance.

Peer Comparison

1. Industry-wide analysis: The fast-moving consumer goods industry as a whole faces challenges such as rising raw material prices and changes in consumer preferences, leading to a general decline in revenue for many companies in 2025. According to industry reports, the overall consumption growth rate is between 4.8% and 5.2%, although there is policy support, the industry still faces pressure.

2. Peer evaluation analysis: JM Smucker's total operating revenue decreased by a relatively small margin, showing its relative stability in the market. However, considering the overall decline in industry revenue, JM Smucker needs to strengthen its market strategy and product innovation to restore growth.

Summary

JM Smucker's revenue performance in 2025 is affected by multiple factors, including intensified market competition, product portfolio adjustments, cost increases, and changes in the economic environment. Although relatively stable compared to peers, the Company still needs to take active measures to address these challenges to enhance market competitiveness and achieve revenue growth.

Opportunities

1. Expand WeChat e-commerce channels, leveraging the growth potential of social platforms to boost product sales.

2. Optimize product mix to meet changing consumer needs, enhancing market appeal.

3. Strengthen international market layout, reducing reliance on a single market, and improving overall revenue stability.

4. Focus on industry policy support, seize market potential opportunities, and promote business growth.

Risks

1. Ongoing industry competition may squeeze the Company's market share and profit margins.

2. Fluctuations in raw material prices may lead to cost increases, further affecting the Company's profitability.

3. Uncertainty in the macroeconomic environment may affect consumer spending, negatively impacting the Company's sales performance.

4. Risks related to food safety may affect brand reputation and consumer trust, in turn affecting operating revenue.