ORRVILLE, Ohio, Dec. 14, 2022 /PRNewswire/ -- Today, The J.M. Smucker Co. (NYSE: SJM) will highlight progress on its strategic priorities and provide an update on its continued transformation at the Company's 2022 Investor Day.
"Our proven strategy has allowed us to deliver strong, sustained financial results in a dynamic environment. Today, we will share how we plan to drive ongoing success across our key business areas of pet food, coffee and consumer foods," said Chair of the Board, President and Chief Executive Officer, Mark Smucker. "As we progress our strategy further, we remain focused on our consumers and delivering balanced top- and bottom-line growth. We are excited to share more about this work and how our new Transformation Office will help us identify and execute against enterprise-wide opportunities for continuous improvement and, in turn, generate long-term value."
At the Investor Day, the Company will provide an overview of its progress toward its strategic priorities to:
In addition to Smucker, the Company's Investor Day will feature presentations from key leaders across the organization, including:
Fiscal Year 2023 Financial Outlook
Ahead of the event, the Company reiterated its fiscal year 2023 financial guidance of net sales growth between 5.5 and 6.5 percent compared to the prior year, adjusted earnings per share to range from $8.35 to $8.75, and free cash flow to be approximately $550 million.
To listen to the virtual webcast of the Company's Investor Day, which begins at 8:30 a.m. Eastern Standard Time, or to review the event replay, visit www.investors.jmsmucker.com.
Each generation of consumers leaves their mark on culture by establishing new expectations for food and the companies that make it. At The J.M. Smucker Co., it is our privilege to be at the heart of this dynamic with a diverse portfolio that appeals to each generation of people and pets and is found in more than 80 percent of U.S. homes and countless restaurants. This includes a mix of iconic brands consumers have always loved such as Folgers®, Jif® and Milk-Bone® and new favorites like Café Bustelo®, Smucker's® Uncrustables® and Rachael Ray® Nutrish®. By continuing to immerse ourselves in consumer preferences and acting responsibly, we will continue growing our business and the positive impact we have on society. For more information, please visit jmsmucker.com.
The J.M. Smucker Co. is the owner of all trademarks referenced herein, except for the following, which are used under license: Dunkin'® is a trademark of DD IP Holder LLC, and Rachael Ray® is a trademark of Ray Marks II LLC.
SOURCE The J.M. Smucker Co.
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