J M SMUCKER Co - FORM 8-K - EX-99.1

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8-K - FORM 8-K - J M SMUCKER Co	d54159d8k.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,
	2014			2013
	(Dollars in millions)
Net sales:
U.S. Retail Coffee	$	502.7		$	514.4
U.S. Retail Consumer Foods		582.4			580.5
International and Foodservice		238.7			256.0

Total net sales	$	1,323.8		$	1,350.9

Segment profit:
U.S. Retail Coffee	$	137.6		$	142.6
U.S. Retail Consumer Foods		118.1			102.4
International and Foodservice		30.5			36.2

Total segment profit	$	286.2		$	281.2

Interest expense – net		(17.4	)		(23.8	)
Unallocated derivative (losses) gains		(21.4	)		4.6
Cost of products sold – special project costs		(0.4	)		(1.5	)
Other special project costs		(8.6	)		(5.8	)
Corporate administrative expenses		(64.2	)		(65.2	)
Other income – net		1.3			—

Income before income taxes	$	175.5		$	189.5


Segment profit margin:
U.S. Retail Coffee		27.4	%		27.7	%
U.S. Retail Consumer Foods		20.3	%		17.6	%
International and Foodservice		12.8	%		14.1	%

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,
	2014			2013			2014			2013
	(Dollars in millions)
Net sales:
U.S. Retail Coffee	$	533.0		$	594.9		$	1,035.7		$	1,109.3
U.S. Retail Consumer Foods		664.4			668.5			1,246.8			1,249.0
International and Foodservice		284.4			296.5			523.1			552.5

Total net sales	$	1,481.8		$	1,559.9		$	2,805.6		$	2,910.8

Segment profit:
U.S. Retail Coffee	$	151.2		$	180.6		$	288.8		$	323.2
U.S. Retail Consumer Foods		125.6			108.9			243.7			211.3
International and Foodservice		37.6			39.2			68.1			75.4

Total segment profit	$	314.4		$	328.7		$	600.6		$	609.9

Interest expense – net		(16.2	)		(20.5	)		(33.6	)		(44.3	)
Unallocated derivative gains (losses)		7.6			(1.5	)		(13.8	)		3.1
Cost of products sold – special project costs		(0.3	)		(2.3	)		(0.7	)		(3.8	)
Other special project costs		(2.8	)		(6.9	)		(11.4	)		(12.7	)
Corporate administrative expenses		(64.1	)		(67.2	)		(128.3	)		(132.4	)
Other income (expense) – net		0.3			(0.3	)		1.6			(0.3	)

Income before income taxes	$	238.9		$	230.0		$	414.4		$	419.5


Segment profit margin:
U.S. Retail Coffee		28.4	%		30.4	%		27.9	%		29.1	%
U.S. Retail Consumer Foods		18.9	%		16.3	%		19.5	%		16.9	%
International and Foodservice		13.2	%		13.2	%		13.0	%		13.6	%

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,
	2015			2014			2015			2014
	(Dollars in millions)
Net sales:
U.S. Retail Coffee	$	571.8		$	578.9		$	1,607.5		$	1,688.2
U.S. Retail Consumer Foods		600.8			610.8			1,847.6			1,859.8
International and Foodservice		267.4			275.8			790.5			828.3

Total net sales	$	1,440.0		$	1,465.5		$	4,245.6		$	4,376.3

Segment profit:
U.S. Retail Coffee	$	150.5		$	181.1		$	439.3		$	504.3
U.S. Retail Consumer Foods		120.7			110.5			364.4			321.8
International and Foodservice		41.7			37.1			109.8			112.5

Total segment profit	$	312.9		$	328.7		$	913.5		$	938.6

Interest expense – net		(16.8	)		(18.4	)		(50.4	)		(62.7	)
Unallocated derivative gains (losses)		13.4			4.0			(0.4	)		7.1
Cost of products sold – special project costs		(0.4	)		(2.9	)		(1.1	)		(6.7	)
Other special project costs		(5.9	)		(7.1	)		(17.3	)		(19.8	)
Corporate administrative expenses		(64.9	)		(59.2	)		(193.2	)		(191.6	)
Other income – net		0.1			1.4			1.7			1.1

Income before income taxes	$	238.4		$	246.5		$	652.8		$	666.0


Segment profit margin:
U.S. Retail Coffee		26.3	%		31.3	%		27.3	%		29.9	%
U.S. Retail Consumer Foods		20.1	%		18.1	%		19.7	%		17.3	%
International and Foodservice		15.6	%		13.5	%		13.9	%		13.6	%

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,
	2015			2014			2015			2014
	(Dollars in millions)
Net sales:
U.S. Retail Coffee	$	468.6		$	473.5		$	2,076.1		$	2,161.7
U.S. Retail Consumer Foods		483.2			520.1			2,330.8			2,379.9
U.S. Retail Pet Foods		239.1			—			239.1			—
International and Foodservice		256.2			240.7			1,046.7			1,069.0

Total net sales	$	1,447.1		$	1,234.3		$	5,692.7		$	5,610.6

Segment profit (loss):
U.S. Retail Coffee	$	109.9		$	135.5		$	549.2		$	639.8
U.S. Retail Consumer Foods		94.8			98.3			459.2			420.1
U.S. Retail Pet Foods		(15.3	)		—			(15.3	)		—
International and Foodservice		30.6			28.2			140.4			140.7

Total segment profit	$	220.0		$	262.0		$	1,133.5		$	1,200.6

Interest expense – net		(29.5	)		(16.7	)		(79.9	)		(79.4	)
Other debt costs		(173.3	)		—			(173.3	)		—
Unallocated derivative (losses) gains		(24.1	)		(1.8	)		(24.5	)		5.3
Cost of products sold – special project costs		(5.1	)		(2.7	)		(6.2	)		(9.4	)
Other special project costs		(39.3	)		(5.8	)		(56.6	)		(25.6	)
Corporate administrative expenses		(81.0	)		(60.3	)		(274.2	)		(251.9	)
Other income – net		2.5			9.0			4.2			10.1

Income before income taxes	$	(129.8	)	$	183.7		$	523.0		$	849.7


Segment profit (loss) margin:
U.S. Retail Coffee		23.4	%		28.6	%		26.5	%		29.6	%
U.S. Retail Consumer Foods		19.6	%		18.9	%		19.7	%		17.7	%
U.S. Retail Pet Foods		(6.4	%)		—			(6.4	%)		—
International and Foodservice		11.9	%		11.7	%		13.4	%		13.2	%

J M SMUCKER Co - FORM 8-K - EX-99.1 - August 25, 2015