The J.M. Smucker Company (NYSE:SJM) today announced its financial results for the first quarter of fiscal year 2025.
The company saw a significant 18% increase in net sales to $2.1 billion, compared to the same period last year.
Gross profit for the quarter rose by 22%, amounting to an increase of $142.4 million, signalling strong operational performance and market positioning.
Operating income also saw a healthy growth, up 15% to $46 million.
While net income per diluted share came in at $1.74, adjusted earnings per share were notably higher at $2.44, marking a 10% increase from the previous year.
Despite these strong profit metrics, the company experienced a decline in cash flow from operations, which decreased to $172.9 million from $217.9 million in the prior year.
Similarly, free cash flow also saw a reduction, down to $49.2 million from $67.6 million.
Looking ahead, J.M. Smucker has updated its fiscal 2025 outlook, anticipating net sales growth between 8.5% and 9.5%.
At the time this report was compiled, J.M. Smucker's share price stood at $120.70, showing minimal change in premarket trading.