The J. M. Smucker Company updated earnings guidance for the full year 2024. For the year, Comparable net sales are expected to increase approximately 8.75 percent compared to the previous year guidance of 8.5% - 9.0% . This reflects favorable volume/mix from underlying business momentum, as well as higher net pricing.

Net sales are expected to decrease approximately 3.6 percent compared to the prior year, reflecting net sales of approximately $8.22 billion. The net sales decrease reflects $1.5 billion of net sales in the prior year related to the divested pet food brands, $23.7 million of net sales in the prior year related to the divested Sahale Snacks® business, $19.4 million of net sales in the prior year related to the divested Canada condiment business, and $650 million of anticipated net sales in the current fiscal year related to the acquisition of Hostess Brands.