Attached files
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8-K - 8-K - J M SMUCKER Co | d8k.htm |
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 | % |