SEC Info - J M Smucker Co - ‘8-K’ for 7/19/11

SEC Info℠

Home

Help

Please Sign In

J M Smucker Co – ‘8-K’ for 7/19/11 – EX-99.1

On: Tuesday, 7/19/11, at 5:16pm ET · For: 7/19/11 · Accession #: 1193125-11-191441 · File #: 1-05111

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 7/19/11  J M Smucker Co                    8-K:7,9     7/19/11    2:169K                                   RR Donnelley/FA

Current Report — Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     20K 
 2: EX-99.1     Miscellaneous Exhibit                               HTML    104K

EX-99.1 — Miscellaneous Exhibit

This exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

EX-99.1

Exhibit 99.1

The J. M. Smucker Company

Unaudited Reportable Segments Supplemental Information

(Realigned to Reflect the New Reportable Segments)


	Three Months Ended July 31,
	2010			2009
	(Dollars in thousands)
Net sales:
U.S. Retail Coffee	$	393,570		$	366,229
U.S. Retail Consumer Foods		453,146			485,418
International, Foodservice and Natural Foods		200,596			199,879

Total net sales	$	1,047,312		$	1,051,526


Segment profit:
U.S. Retail Coffee	$	111,882		$	111,167
U.S. Retail Consumer Foods		94,004			91,803
International, Foodservice and Natural Foods		34,872			26,694

Total segment profit	$	240,758		$	229,664

Interest income		433			1,371
Interest expense		(16,539	)		(18,951	)
Share-based compensation expense		(4,340	)		(4,553	)
Merger and integration costs		(2,656	)		(16,476	)
Cost of products sold - restructuring		(9,453	)		—
Other restructuring costs		(18,104	)		—
Corporate administrative expenses		(41,038	)		(39,801	)
Other income (expense) - net		693			(20	)

Income before income taxes	$	149,754		$	151,234


Segment profit margin:
U.S. Retail Coffee		28.4	%		30.4	%
U.S. Retail Consumer Foods		20.7	%		18.9	%
International, Foodservice and Natural Foods		17.4	%		13.4	%

The J. M. Smucker Company

Unaudited Reportable Segments Supplemental Information

(Realigned to Reflect the New Reportable Segments)


	Three Months Ended October 31,						Six Months Ended October 31,
	2010			2009			2010			2009
	(Dollars in thousands)

Net sales:
U.S. Retail Coffee	$	477,287		$	445,102		$	870,857		$	811,331
U.S. Retail Consumer Foods		552,087			593,986			1,005,233			1,079,404
International, Foodservice and Natural Foods		249,539			239,657			450,135			439,536

Total net sales	$	1,278,913		$	1,278,745		$	2,326,225		$	2,330,271


Segment profit:
U.S. Retail Coffee	$	149,099		$	131,850		$	260,981		$	243,017
U.S. Retail Consumer Foods		115,141			115,910			209,145			207,713
International, Foodservice and Natural Foods		49,406			40,003			84,278			66,697

Total segment profit	$	313,646		$	287,763		$	554,404		$	517,427

Interest income		572			686			1,005			2,057
Interest expense		(18,505	)		(17,473	)		(35,044	)		(36,424	)
Share-based compensation expense		(5,968	)		(5,268	)		(10,308	)		(9,821	)
Merger and integration costs		(2,773	)		(8,148	)		(5,429	)		(24,624	)
Cost of products sold - restructuring		(12,072	)		—			(21,525	)		—
Other restructuring costs		(8,345	)		—			(26,449	)		—
Corporate administrative expenses		(44,452	)		(43,141	)		(85,490	)		(82,942	)
Other (expense) income - net		(376	)		583			317			563

Income before income taxes	$	221,727		$	215,002		$	371,481		$	366,236


Segment profit margin:
U.S. Retail Coffee		31.2	%		29.6	%		30.0	%		30.0	%
U.S. Retail Consumer Foods		20.9	%		19.5	%		20.8	%		19.2	%
International, Foodservice and Natural Foods		19.8	%		16.7	%		18.7	%		15.2	%

The J. M. Smucker Company

Unaudited Reportable Segments Supplemental Information

(Realigned to Reflect the New Reportable Segments)


	Three Months Ended January 31,						Nine Months Ended January 31,
	2011			2010			2011			2010
	(Dollars in thousands)

Net sales:
U.S. Retail Coffee	$	554,667		$	471,463		$	1,425,524		$	1,282,794
U.S. Retail Consumer Foods		526,884			518,012			1,532,117			1,597,416
International, Foodservice and Natural Foods		230,800			216,464			680,935			656,000

Total net sales	$	1,312,351		$	1,205,939		$	3,638,576		$	3,536,210


Segment profit:
U.S. Retail Coffee	$	158,093		$	132,617		$	419,074		$	375,634
U.S. Retail Consumer Foods		103,757			102,097			312,902			309,810
International, Foodservice and Natural Foods		28,293			30,686			112,571			97,383

Total segment profit	$	290,143		$	265,400		$	844,547		$	782,827

Interest income		779			310			1,784			2,367
Interest expense		(18,132	)		(14,236	)		(53,176	)		(50,660	)
Share-based compensation expense		(4,495	)		(4,631	)		(14,803	)		(14,452	)
Merger and integration costs		(2,746	)		(4,672	)		(8,175	)		(29,296	)
Cost of products sold - restructuring		(16,851	)		—			(38,376	)		—
Other restructuring costs		(8,414	)		—			(34,863	)		—
Corporate administrative expenses		(44,675	)		(46,231	)		(130,165	)		(129,173	)
Other income - net		170			1,221			487			1,784

Income before income taxes	$	195,779		$	197,161		$	567,260		$	563,397


Segment profit margin:
U.S. Retail Coffee		28.5	%		28.1	%		29.4	%		29.3	%
U.S. Retail Consumer Foods		19.7	%		19.7	%		20.4	%		19.4	%
International, Foodservice and Natural Foods		12.3	%		14.2	%		16.5	%		14.8	%

The J. M. Smucker Company

Unaudited Reportable Segments Supplemental Information

(Realigned to Reflect the New Reportable Segments)


	Three Months Ended April 30,						Year Ended April 30,
	2011			2010			2011			2010
	(Dollars in thousands)

Net sales:
U.S. Retail Coffee	$	505,345		$	417,664		$	1,930,869		$	1,700,458
U.S. Retail Consumer Foods		447,486			433,583			1,979,603			2,030,999
International, Foodservice and Natural Foods		234,336			217,832			915,271			873,832

Total net sales	$	1,187,167		$	1,069,079		$	4,825,743		$	4,605,289


Segment profit:
U.S. Retail Coffee	$	117,059		$	108,372		$	536,133		$	484,006
U.S. Retail Consumer Foods		98,692			103,367			411,594			413,177
International, Foodservice and Natural Foods		41,870			37,565			154,441			134,948

Total segment profit	$	257,621		$	249,304		$	1,102,168		$	1,032,131

Interest income		728			426			2,512			2,793
Interest expense		(16,418	)		(14,527	)		(69,594	)		(65,187	)
Share-based compensation expense		(5,093	)		(6,235	)		(19,896	)		(20,687	)
Merger and integration costs		(3,019	)		(4,396	)		(11,194	)		(33,692	)
Cost of products sold - restructuring		(15,713	)		(3,870	)		(54,089	)		(3,870	)
Other restructuring costs		(13,005	)		(1,841	)		(47,868	)		(1,841	)
Corporate administrative expenses		(54,684	)		(51,959	)		(184,849	)		(181,132	)
Other (expense) income - net		(513	)		454			(26	)		2,238

Income before income taxes	$	149,904		$	167,356		$	717,164		$	730,753


Segment profit margin:
U.S. Retail Coffee		23.2	%		25.9	%		27.8	%		28.5	%
U.S. Retail Consumer Foods		22.1	%		23.8	%		20.8	%		20.3	%
International, Foodservice and Natural Foods		17.9	%		17.2	%		16.9	%		15.4	%

Dates Referenced Herein and Documents Incorporated by Reference

This ‘8-K’ Filing	Date	Other Filings

Filed on / For Period End:	7/19/11
	4/30/11	10-K
	1/31/11	10-Q, 8-K
	10/31/10	10-Q
	7/31/10	10-Q
		List all Filings

↑Top

Filing Submission 0001193125-11-191441 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

J M Smucker Co – ‘8-K’ for 7/19/11 – EX-99.1

On: Tuesday, 7/19/11, at 5:16pm ET · For: 7/19/11 · Accession #: 1193125-11-191441 · File #: 1-05111

Previous ‘8-K’: ‘8-K’ on / for 6/9/11 · Next: ‘8-K’ on 8/2/11 for 7/29/11 · Latest: ‘8-K’ on / for 2/27/24

Current Report — Form 8-KFiling Table of Contents

EX-99.1 — Miscellaneous Exhibit

This exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Current Report — Form 8-K
Filing Table of Contents