Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - J M SMUCKER Co | d763427d8k.htm |
| EX-99.2 - EX-99.2 - J M SMUCKER Co | d763427dex992.htm |
Exhibit 99.1
The J. M. Smucker Company
Unaudited Reportable Segments Supplemental Information
(Revised to Reflect the New Segment Profit Definition)
| Three months ended July 31, |
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| 2013 | 2012 | |||||||
| (Dollars in millions) | ||||||||
| Net sales: |
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| U.S. Retail Coffee |
$ | 514.4 | $ | 520.8 | ||||
| U.S. Retail Consumer Foods |
536.4 | 528.4 | ||||||
| International, Foodservice, and Natural Foods |
300.1 | 320.5 | ||||||
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| Total net sales |
$ | 1,350.9 | $ | 1,369.7 | ||||
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| Segment profit: |
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| U.S. Retail Coffee |
$ | 142.6 | $ | 118.0 | ||||
| U.S. Retail Consumer Foods |
95.5 | 101.0 | ||||||
| International, Foodservice, and Natural Foods |
43.1 | 36.2 | ||||||
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| Total segment profit |
$ | 281.2 | $ | 255.2 | ||||
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| Interest expense – net |
(23.8 | ) | (23.6 | ) | ||||
| Cost of products sold – special project costs |
(1.5 | ) | (4.0 | ) | ||||
| Other special project costs |
(5.8 | ) | (23.9 | ) | ||||
| Corporate administrative expenses |
(65.2 | ) | (56.5 | ) | ||||
| Unallocated derivative gains |
4.6 | 19.7 | ||||||
| Other income – net |
— | 0.4 | ||||||
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| Income before income taxes |
$ | 189.5 | $ | 167.3 | ||||
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| Segment profit margin: |
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| U.S. Retail Coffee |
27.7 | % | 22.7 | % | ||||
| U.S. Retail Consumer Foods |
17.8 | % | 19.1 | % | ||||
| International, Foodservice, and Natural Foods |
14.4 | % | 11.3 | % | ||||
Consistent with prior years, special project costs relate to specific restructuring, merger and integration, and pension settlement projects that are each nonrecurring in nature and can significantly affect the year-over-year assessment of operating results.
The J. M. Smucker Company
Unaudited Reportable Segments Supplemental Information
(Revised to Reflect the New Segment Profit Definition)
| Three months ended October 31, |
Six months ended October 31, |
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| 2013 | 2012 | 2013 | 2012 | |||||||||||||
| (Dollars in millions) | ||||||||||||||||
| Net sales: |
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| U.S. Retail Coffee |
$ | 594.9 | $ | 622.5 | $ | 1,109.3 | $ | 1,143.3 | ||||||||
| U.S. Retail Consumer Foods |
612.6 | 619.3 | 1,149.0 | 1,147.7 | ||||||||||||
| International, Foodservice, and Natural Foods |
352.4 | 386.9 | 652.5 | 707.4 | ||||||||||||
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| Total net sales |
$ | 1,559.9 | $ | 1,628.7 | $ | 2,910.8 | $ | 2,998.4 | ||||||||
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| Segment profit: |
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| U.S. Retail Coffee |
$ | 180.6 | $ | 162.0 | $ | 323.2 | $ | 280.0 | ||||||||
| U.S. Retail Consumer Foods |
100.7 | 115.5 | 196.2 | 216.5 | ||||||||||||
| International, Foodservice, and Natural Foods |
47.4 | 60.3 | 90.5 | 96.5 | ||||||||||||
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| Total segment profit |
$ | 328.7 | $ | 337.8 | $ | 609.9 | $ | 593.0 | ||||||||
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| Interest expense – net |
(20.5 | ) | (23.9 | ) | (44.3 | ) | (47.5 | ) | ||||||||
| Cost of products sold – special project costs |
(2.3 | ) | (2.4 | ) | (3.8 | ) | (6.4 | ) | ||||||||
| Other special project costs |
(6.9 | ) | (11.5 | ) | (12.7 | ) | (35.4 | ) | ||||||||
| Corporate administrative expenses |
(67.2 | ) | (66.0 | ) | (132.4 | ) | (122.5 | ) | ||||||||
| Unallocated derivative (losses) gains |
(1.5 | ) | (10.3 | ) | 3.1 | 9.4 | ||||||||||
| Other (expense) income – net |
(0.3 | ) | 0.5 | (0.3 | ) | 0.9 | ||||||||||
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| Income before income taxes |
$ | 230.0 | $ | 224.2 | $ | 419.5 | $ | 391.5 | ||||||||
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| Segment profit margin: |
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| U.S. Retail Coffee |
30.4 | % | 26.0 | % | 29.1 | % | 24.5 | % | ||||||||
| U.S. Retail Consumer Foods |
16.4 | % | 18.7 | % | 17.1 | % | 18.9 | % | ||||||||
| International, Foodservice, and Natural Foods |
13.5 | % | 15.6 | % | 13.9 | % | 13.6 | % | ||||||||
Consistent with prior years, special project costs relate to specific restructuring, merger and integration, and pension settlement projects that are each nonrecurring in nature and can significantly affect the year-over-year assessment of operating results.
The J. M. Smucker Company
Unaudited Reportable Segments Supplemental Information
(Revised to Reflect the New Segment Profit Definition)
| Three months ended January 31, |
Nine months ended January 31, |
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| 2014 | 2013 | 2014 | 2013 | |||||||||||||
| (Dollars in millions) | ||||||||||||||||
| Net sales: |
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| U.S. Retail Coffee |
$ | 578.9 | $ | 627.7 | $ | 1,688.2 | $ | 1,771.0 | ||||||||
| U.S. Retail Consumer Foods |
557.8 | 581.3 | 1,706.8 | 1,729.0 | ||||||||||||
| International, Foodservice, and Natural Foods |
328.8 | 350.6 | 981.3 | 1,058.0 | ||||||||||||
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| Total net sales |
$ | 1,465.5 | $ | 1,559.6 | $ | 4,376.3 | $ | 4,558.0 | ||||||||
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| Segment profit: |
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| U.S. Retail Coffee |
$ | 181.1 | $ | 175.2 | $ | 504.3 | $ | 455.2 | ||||||||
| U.S. Retail Consumer Foods |
105.0 | 106.1 | 301.2 | 322.6 | ||||||||||||
| International, Foodservice, and Natural Foods |
42.6 | 50.4 | 133.1 | 146.9 | ||||||||||||
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| Total segment profit |
$ | 328.7 | $ | 331.7 | $ | 938.6 | $ | 924.7 | ||||||||
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| Interest expense – net |
(18.4 | ) | (23.8 | ) | (62.7 | ) | (71.3 | ) | ||||||||
| Cost of products sold – special project costs |
(2.9 | ) | (1.2 | ) | (6.7 | ) | (7.6 | ) | ||||||||
| Other special project costs |
(7.1 | ) | (6.8 | ) | (19.8 | ) | (42.2 | ) | ||||||||
| Corporate administrative expenses |
(59.2 | ) | (64.9 | ) | (191.6 | ) | (187.4 | ) | ||||||||
| Unallocated derivative gains (losses) |
4.0 | (0.5 | ) | 7.1 | 8.9 | |||||||||||
| Other income (expense) – net |
1.4 | (0.5 | ) | 1.1 | 0.4 | |||||||||||
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| Income before income taxes |
$ | 246.5 | $ | 234.0 | $ | 666.0 | $ | 625.5 | ||||||||
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| Segment profit margin: |
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| U.S. Retail Coffee |
31.3 | % | 27.9 | % | 29.9 | % | 25.7 | % | ||||||||
| U.S. Retail Consumer Foods |
18.8 | % | 18.3 | % | 17.6 | % | 18.7 | % | ||||||||
| International, Foodservice, and Natural Foods |
13.0 | % | 14.4 | % | 13.6 | % | 13.9 | % | ||||||||
Consistent with prior years, special project costs relate to specific restructuring, merger and integration, and pension settlement projects that are each nonrecurring in nature and can significantly affect the year-over-year assessment of operating results.
The J. M. Smucker Company
Unaudited Reportable Segments Supplemental Information
(Revised to Reflect the New Segment Profit Definition)
| Three months ended April 30, |
Year ended April 30, |
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| 2014 | 2013 | 2014 | 2013 | |||||||||||||
| (Dollars in millions) | ||||||||||||||||
| Net sales: |
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| U.S. Retail Coffee |
$ | 473.5 | $ | 535.5 | $ | 2,161.7 | $ | 2,306.5 | ||||||||
| U.S. Retail Consumer Foods |
465.8 | 485.8 | 2,172.6 | 2,214.8 | ||||||||||||
| International, Foodservice, and Natural Foods |
295.0 | 318.4 | 1,276.3 | 1,376.4 | ||||||||||||
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| Total net sales |
$ | 1,234.3 | $ | 1,339.7 | $ | 5,610.6 | $ | 5,897.7 | ||||||||
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| Segment profit: |
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| U.S. Retail Coffee |
$ | 135.5 | $ | 148.6 | $ | 639.8 | $ | 603.8 | ||||||||
| U.S. Retail Consumer Foods |
91.8 | 91.3 | 393.0 | 413.9 | ||||||||||||
| International, Foodservice, and Natural Foods |
34.7 | 49.8 | 167.8 | 196.7 | ||||||||||||
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| Total segment profit |
$ | 262.0 | $ | 289.7 | $ | 1,200.6 | $ | 1,214.4 | ||||||||
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| Interest expense – net |
(16.7 | ) | (22.1 | ) | (79.4 | ) | (93.4 | ) | ||||||||
| Cost of products sold – special project costs |
(2.7 | ) | (3.9 | ) | (9.4 | ) | (11.5 | ) | ||||||||
| Other special project costs |
(5.8 | ) | (7.3 | ) | (25.6 | ) | (49.5 | ) | ||||||||
| Corporate administrative expenses |
(60.3 | ) | (62.2 | ) | (251.9 | ) | (249.6 | ) | ||||||||
| Unallocated derivative (losses) gains |
(1.8 | ) | (2.3 | ) | 5.3 | 6.6 | ||||||||||
| Other income (expense) – net |
9.0 | (0.1 | ) | 10.1 | 0.3 | |||||||||||
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| Income before income taxes |
$ | 183.7 | $ | 191.8 | $ | 849.7 | $ | 817.3 | ||||||||
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| Segment profit margin: |
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| U.S. Retail Coffee |
28.6 | % | 27.8 | % | 29.6 | % | 26.2 | % | ||||||||
| U.S. Retail Consumer Foods |
19.7 | % | 18.8 | % | 18.1 | % | 18.7 | % | ||||||||
| International, Foodservice, and Natural Foods |
11.8 | % | 15.6 | % | 13.1 | % | 14.3 | % | ||||||||
Consistent with prior years, special project costs relate to specific restructuring, merger and integration, and pension settlement projects that are each nonrecurring in nature and can significantly affect the year-over-year assessment of operating results.