Filing Flows › J M Smucker (SJM) › Q3 FY25
J M Smucker (SJM) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Feb 27, 2025
J M Smucker (SJM) reported revenue of $2.2B for the third quarter fiscal 2025 (Q3 FY25), -2% from a year earlier and -4% from the quarter before. Operating margin was -27.2%, net loss $662M (30.3% of revenue).
J M Smucker, Q3 FY25: revenue $2.2B (-2% year over year), operating margin -27.2%, net loss $662M, operating cash flow $239M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | -4% | -2% |
| Operating profit | −$594M | — | — |
| Net earnings | −$662M | — | — |
| Operating cash flow | $239M | -41% | -41% |
| Free cash flow | $151M | -52% | -39% |
What changed
Revenue was $2.2B in Q3 FY25, down 2% year over year and down 4% from the previous quarter. U.S. Retail Coffee was the largest line at 34% of revenue. U.S. Retail Pet Foods lost $0.04B year over year (down 9%), 98% of the total change.
Gross margin was 40.2%, up 3.2 points from a year earlier. Operating costs exceeded revenue by $0.59B, an operating margin of -27.2%. Operating expenses grew 180% against a revenue fall of 2%. The fastest-growing cost line was Other operating costs (+629%). The quarter ended with a net loss of $0.66B, wider than the previous quarter's $0.02B loss.
Operating cash flow was $0.24B (down 41% year over year). Non-cash charges added back $0.12B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.77B. Capital expenditures of $0.09B left free cash flow of $0.15B.
Questions
What was J M Smucker's revenue in the third quarter fiscal 2025?
J M Smucker (SJM) reported revenue of $2.2B for the third quarter fiscal 2025 (Q3 FY25), -2% from a year earlier and -4% from the quarter before.
Was J M Smucker profitable in the third quarter fiscal 2025?
Operating loss was $594M (-27.2% of revenue) and net loss $662M.
Source: J M Smucker 10-Q on SEC EDGAR.