J.M. Smucker Co.

NYSE:SJM   3:59:59 PM EDT
+1.61 (+1.17%)
Divestitures / Spin-offs, Earnings Announcements

J.M. Smucker To Divest Natural Beverages & Grains Businesses As Part Of Continued Portfolio Optimization

Published: 12/16/2021 00:19 GMT
J.M. Smucker Co. (SJM) - Press Release - the Jm Smucker Co. to Divest Natural Beverages and Grains Businesses As Part of Continued Portfolio Optimization.company Expects Divestiture to Be Dilutive to Its Adjusted Earnings per Share by Approximately $0.15 on a Full-year Basis.company Will Further Discuss Transaction's Impact on Its Fiscal Year 2022 Outlook When It Releases Its Q3 Results.
Agreed to Sell Its Natural & Organic Beverage & Grains Businesses to Nexus Capital in a Cash Transaction Valued at About $110 Million.
J M Smucker - Transaction Also Includes Company's Manufacturing and Distribution Facilities in Chico, California, and Havre De Grace, Maryland.
Sale Includes Rw Knudsen and Truroots Assets and Trademarks, and a Licensing Agreement for Santa Cruz Organic Beverages.
Transaction Does Not Include Santa Cruz Organic® Nut Butters, Fruit Spreads, Syrups Or Applesauce.
J M Smucker - Plans to Close, Pursue Sale of Its Ripon, Wisconsin, Production Facility in 2022, Consolidate Production at Its Orrville, Ohio, Facility.
Revenue is expected to be $2.04 Billion
Adjusted EPS is expected to be $2.07

Next Quarter Revenue Guidance is expected to be $2.04 Billion
Next Quarter EPS Guidance is expected to be $2.19

More details on our Analysts Page.