Jif recall could cost JM Smucker $125M, company warns [FOX Business Network]
The J.M. Smucker Company (SJM)
Last the j.m. smucker company earnings: 2/26 07:00 am
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jmsmucker.com/investor-relations
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Source: FOX Business Network
The J.M. Smucker Co. warned Tuesday that the company stands to lose $125 million because of its nationwide Jif peanut butter recall last month. In its latest earnings report, the company estimated that the "impact of manufacturing downtime, customer returns, and unsaleable inventory, as well as other recall related costs" could result in a $125 million loss for fiscal year 2023. Ticker Security Last Change Change % SJM THE J. M. SMUCKER CO. Powered By JIF ISSUES VOLUNTARY RECALL OF CERTAIN PEANUT BUTTER PRODUCTS DUE TO POTENTIAL SALMONELLA CONTAMINATION The company also cautioned that the "ultimate impact from the Jif peanut butter recall could differ materially from these estimates." On May 20, J.M. Smucker voluntarily recalled select Jif peanut butter products that were sold across the U.S. amid an outbreak of salmonella senftenberg infections. J.M. Smucker Co. Jif brand peanut butter is displayed for sale at a Costco Wholesale Corp. store in Louisville, K
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SJM
Earnings
- 2/27/24 - Beat
SJM
Sec Filings
- 3/27/24 - Form 144
- 3/5/24 - Form 4
- 3/4/24 - Form 144
- SJM's page on the SEC website