The J.M. Smucker Co. Highlights Transformed Portfolio and World-Class Capabilities at 2024 Investor Day

The J.M. Smucker Co. (NYSE: SJM) recently showcased its strategic transformation and world-class capabilities at its 2024 Investor Day, highlighting the successful integration of Hostess Brands' operations and employees. The acquisition of Hostess Brands in fiscal 2024 increased the company's scale, profitability, and cash flow, supporting the delivery of long-term financial goals. The integration has allowed J.M. Smucker to gain leadership in the highly-attractive snacking market and amplify its focus on convenient food and beverage occasions, meeting consumer preferences and needs across all parts of the day. The company's core business, accounting for approximately 85% of net sales, is delivering strong growth, with a focus on growing volume and net sales, operating with excellence, and capitalizing on its fastest growth opportunities.



J.M. Smucker's acquisition of Hostess Brands in fiscal 2024 has brought significant synergies and cost savings. The company has realized synergies of $130 million in the first year, with an expected total of $150 million by the end of fiscal 2025. These synergies come from streamlining operations, optimizing distribution, and reducing overhead costs. Additionally, J.M. Smucker has identified opportunities to improve Hostess Brands' profitability by leveraging its world-class marketing, commercial, and manufacturing capabilities. By integrating Hostess Brands into its portfolio, J.M. Smucker has expanded its presence in the snacking market and amplified its focus on convenient food and beverage occasions, supporting the delivery of its long-term financial goals.



J.M. Smucker's strategic focus on building beloved brands and leading positions in coffee, snacking, and pet foods has driven its sales growth. The company's acquisition of Hostess Brands expanded its snacking portfolio, amplifying its focus on convenient food and beverage occasions. This strategic move, along with investments in key brands like Uncrustables, Café Bustelo, and Milk-Bone, has contributed to the company's 8% comparable net sales growth in fiscal 2024. By refining its strategic priorities and leveraging world-class marketing, commercial, and manufacturing capabilities, J.M. Smucker is well-positioned to deliver long-term sustainable growth and increase shareholder value.



J.M. Smucker's Uncrustables brand has seen significant growth, with a $100 million increase in sales in fiscal 2024. The company expanded distribution, including a Canadian launch, and introduced the brand's first national marketing campaign. Additionally, progress was made on a new manufacturing facility in McCalla, Alabama, demonstrating the company's commitment to supporting the brand's growth.

In conclusion, J.M. Smucker's 2024 Investor Day highlighted the company's successful transformation and world-class capabilities. The integration of Hostess Brands has brought significant synergies and cost savings, while the company's strategic focus on building beloved brands and leading positions in key categories has driven sales growth. With a commitment to investing in its brands and expanding its key growth platforms, J.M. Smucker is well-positioned to deliver long-term sustainable growth and increase shareholder value.