The J.M. Smucker Company Statistics By Key Products, Net Sales, Net Income, Advertising Expenses, Revenue and Facts

Introduction

The J.M. Smucker Company Statistics: The J.M. Smucker Company was founded in 1897 by Jerome Monroe Smucker. Initially, the company focused on producing apple butter, made from a family recipe, which Jerome sold from the back of a horse-drawn wagon in Orrville, Ohio. This humble beginning laid the foundation for what would become a leading American manufacturer of consumer food and beverage products.

Let’s dive into some interesting statistics to see how big they are and how their business works!

Editor’s Choice

• The J.M. Smucker Company reported a net income of USD 183.6 million in the first quarter of fiscal year 2024.
• This represents a 67% increase compared to the same period in the previous year.
• Additionally, the company’s earnings per share (EPS) rose by 74% to USD 1.79, and non-GAAP EPS resulted in USD 2.21 (+32%).
• Despite a 4% decrease in net sales year-over-year to USD 1.80 billion, comparable net sales increased by 21%​.
• During the same period, the U.S. retail coffee segment generated the highest net sales, USD 666.1 million.
• The J.M. Smucker Company Statistics reports that to date, the company holds a 15% share in the U.S. packaged food industry.
• Furthermore, globally, the company has a 5% market share in the food processing sector.
• The U.S. market will contribute around USD 6 billion by the end of 2024, making up 70.6% of total revenue.
• As explained in the J.M. Smucker Company Statistic, the total number of website visits to jmsmucker.com in June 2024 was 54.4K, a reduction of 3.95% from last month and a bounce rate of 58.35%.
• Meanwhile, in the same period, the total traffic share from desktops on jmsmucker.com captured 100% of visits.
• The J.M. Smucker Company owns and operates more than 20 well-known brands across various food categories, including Jif, Smucker’s, Folgers, and Milk-Bone.
• To date, the company employs more than 9,000 people globally.
• There has been a 25% increase in e-commerce sales, contributing USD 1 billion to total revenue.

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Key Products Of The J.M. Smucker Company

1. Jif: Peanut butter products.
2. Smucker’s: Jams, jellies, and fruit spreads.
3. Folgers: Ground coffee, instant coffee, and K-Cup® pods.
4. Dunkin’: Retail coffee products.
5. Uncrustables: Pre-made frozen sandwiches.
6. Milk-Bone: Dog treats and snacks.
7. Crisco: Shortening and cooking oils.
8. Pillsbury: Baking mixes and frostings.

The J.M. Smucker’s Net Sales Statistics

• In the first quarter of fiscal year 2024, The J.M. Smucker Company reported net sales of USD 1.81 billion in the United States.

(Reference: statista.com)

• A report published by Statista states that in 2023, J.M. Smucker’s total revenue was almost USD 8,529.2 million, up nearly 7,998.9 million U.S. dollars from 2022.

Other net sales of the company in the previous year are detailed below:

By Segmental Sales

• The J.M. Smucker Company Statistics further state that in the first quarter of 2024, the U.S. retail coffee segment accounted for the highest amount of net sales, resulting in USD 666.1 million, a 4% decrease compared to the prior year.
• The profit generated by this segment was USD 210.3 million, with a profit margin of 31.6%.

The table below includes all other segmental analyses of Q1 2024 in the U.S.:

(Source: investors.jmsmucker.com)

The J.M. Smucker Company Statistics By Net Income

(Reference: statista.com)

• In the United States of America, the company’s net income on April 30, 2023, was around USD 91.3 million, which is a loss.
• The J.M. Smucker Company reported a net income of $183.6 million in the first quarter of fiscal year 2024.

By Advertising Expenses

• As per The J.M. Smucker Company Statistics, from May 2023 to April 2024, advertising expenses resulted in USD 211 million.

(Reference: statista.com)

• The J.M. Smucker Company Statistics also show that during the financial year from May 2022 to April 2023, The J.M. Smucker Company spent around 160.3 million U.S. dollars on advertising, which decreased from 176.5 million U.S. dollars during the same time in the previous year.

By Research and Development (R&D) Expenditure

(Reference: statista.com)

• In 2023, The J.M. Smucker Company allocated approximately USD 47.3 million to research and development (R&D) expenditures.
• The expenditure has reduced from previous all years, and in 2022, it was around USD 48.8 million.
• In Q1 2024, the company reported an R&D expenditure of USD 14 million.

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Geographic Revenue Breakdown Statistics

• The J.M. Smucker Company Statistics elaborated that by the end of 2024, the U.S. market will contribute around USD 6 billion, making up 70.6% of total revenue.
• Meanwhile, in Q1 2024, The J.M. Smucker Company saw strong performance in its core U.S. market, resulting in USD 1.6 billion, with a 72.7% revenue share.
• Canada follows other country’s revenue and total shares: USD 250 million (11.4%), and International Markets: USD 350 million (15.9%).

Financial Analyses Of The J.M. Smucker Company

(Source: investors.jmsmucker.com)

Website Traffic Statistics Of J.M. Smucker Company By Country

(Source: similarweb.com)

• The United States of America had 49.75% of total traffic on the website in June 2024.
• During the same duration, other countries recorded the following contribution in total traffic: Canada (9.22%), Hungary (50%), Uzbekistan (50%), and Bangladesh (50%).

By Demographics

(Reference: similarweb.com)

• As of June 2024, male and female user groups of jmsmucker.com covered a share of 35.71% and 64.29%, respectively.
• The J.M. Smucker Company Statistics by age group shows that the highest number of website users observed is between 55 and 64 years old, resulting in 23.35%.
• 21.8% of J.M. Smucker Company’s website users are aged 25 to 34 years.
• Furthermore, 18.83% and 15.28% belong to individuals aged 45 to 54 and 35 to 44, respectively.
• Around 14.44% of website users are aged 65 years and above.
• Almost 6.29% of user shares of jmsmucker.com contributed from the age group above 18 to 24 years.

By Traffic Source

(Reference: similarweb.com)

• The J.M. Smucker Company Statistics also show that, in June 2024, organic search generated the highest traffic rate to jmsmucker.com, at around 55.5%.
• Around 28.1% of the share is generated by direct searches, while 13.1% is from referrals.
• Moreover, jmsmucker.com’s other traffic sources are paid search (2.5%), social (0.5%), mail (0%), and display (0.4%).

By Device

(Reference: similarweb.com)

• Based on J.M. Smucker Company Statistics, the United States of America has 26.83 thousand users, capturing a share of 70.04%. At the same time, 100% of the share is captured on the desktop.
• Of the total, website users share around 9.06% in Moldova, resulting in 3.47K, with 100% access to the desktop version.
• In the Philippines, the J.M. Smucker Company website had 1.46K users and 1.46% visitors share, with desktop users being 100% share.
• Canada and the United Kingdom each have around 1.39K and 1.15K users, and their visitor share is around 3.62% and 3.01%.
• Besides, 100% of desktop users were obese in both countries separately.

The J.M. Smucker Company Patents Statistics

• As of 2024, the J.M. Smucker Company holds 266 patents globally, of which 165 are currently active.
• The majority of these patents are filed in the United States.
• Additionally, other countries’ number of patents distribution is followed by Canada (72), Mexico (31), Europe and China (3 each), Hong Kong and Australia (2 each), Japan, Germany, and Chile (1 each).

New Product Launched By The J.M. Smucker Company In 2024

The J.M. Smucker Company Statistics By Key Products Nutrition Statistics

(Source: fatsecret.com)

Sustainable Initiatives Of The J.M. Smucker Company

• Greenhouse Gas Emissions: Targets to reduce absolute Scope 1 and Scope 2 GHG emissions by 28% and Scope 3 emissions per unit of sold product by 22% by 2030.
• Waste Reduction: Aiming for TRUE (Total Resource Use and Efficiency) certification at all sites by 2030.
• Energy and Water Management: Goals to reduce energy intensity by 5% and water intensity by 5% by 2025, compared to 2019 levels.
• Packaging Sustainability: The J.M. Smucker Company Statistics also elaborated that the company is striving for 100% recyclable, compostable, or reusable packaging materials by 2025​ (JMSmucker)​​ (JMSmucker)​​ (JMSmucker)​.

Conclusion

The J.M. Smucker Company, with a rich history and a diverse product portfolio, continues to be a leader in the food industry. Its commitment to innovation, sustainability, and community engagement positions it as a forward-thinking company dedicated to meeting consumers’ needs and contributing positively to society.