DOCSLIB.ORG

2018 Annual Report Annual 2018

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2018 Annual Report Annual 2018 One Strawberry Lane Orrville, Ohio 44667 330-682-3000 jmsmucker.com 2018 ANNUAL REPORT 2018 ANNUAL REPORT #1 MARKET SHARE 33% DOG SNACKS YEAR-OVER-YEAR NET SALES GROWTH 11% YEAR-OVER-YEAR NET SALES GROWTH 11% WHY WE YEAR-OVER-YEAR NET SALES GROWTH ARE WHO WE ARE #1 MARKET SHARE PEANUT A culture of doing the right things and BUTTER doing things right … Of dotting the i’s and crossing the t’s … A culture of growth — individual and as a company. #1 A result of living our Basic Beliefs … MARKET SHARE Our Commitment to Each Other, to our consumers, AT-HOME COFFEE and to our customers. Strong As we look to the future of unlimited possibilities, we recognize the principles that are instrumental Portfolio to our success: A culture deeply rooted in our Basic Beliefs, #1 of Brands MARKET SHARE guideposts for decisions at every level; FRUIT SPREADS A culture that encourages commitment to each other, Our portfolio is well-positioned clear communication and collaboration; in great categories and is balanced A culture of appreciation; with iconic, market-leading brands A family-sense of sharing in a job well done; and emerging, on-trend brands to Where every person makes a difference. meet shifting consumer needs in an increasingly dynamic retail 15% YEAR-OVER-YEAR marketplace. NET SALES GROWTH 2018 ANNUAL REPORT 1 A Commitment to Growth in the Pet Category As the largest center-of-store grocery category, pet food and snacks is a $32 billion industry in the U.S. and growing. With our recent acquisition of Ainsworth Pet Nutrition LLC, we are increasing our presence in the premium segment and bolstering our total pet portfolio. A Strategy Focused on Our Consumers We have a deep understanding of consumer needs, a pulse on emerging trends, and an obsession with delighting our consumers. In a digitally powered, omnichannel world, this means delivering meaningful products and experiences, inspired design, and relevant communication at every touchpoint. This consumer centricity powers the growth of our portfolio of iconic brands and high-growth emerging brands, and guides innovation and acquisition of new brands. 2 THE J. M. SMUCKER COMPANY 2018 ANNUAL REPORT 3 Dear Shareholders and Friends, Since our founding more than 120 years ago, The J.M. Smucker Company has been helping bring families together to share memorable meals and moments. Guided by Our Vision to engage, delight, and inspire consumers through trusted food and beverage brands that bring joy throughout their lives, Smucker has continued to grow with a balanced portfolio of leading and emerging on-trend brands. As the food industry continues to face unprecedented STRATEGIC ROADMAP change, Smucker is evolving to meet shifting consumer We believe the key to outperforming the industry in preferences and behaviors. This past year experienced challenging times is remaining focused on a strategic pricing pressure from retailers, strong competition from roadmap with clear plans outlined and a strong team private-label and niche brands, a continued shift toward in place to execute. We are encouraged by the progress e-commerce purchases, and input cost inflation. However, being made against the four pillars of our strategic our ability to adapt has long been a hallmark of our roadmap — innovation, investments, cost savings, and Company, and we remain confident the actions we are acquisitions — all of which continue to position us to taking to align our portfolio for growth are positioning us deliver on our three key financial priorities of driving to deliver long-term shareholder value. topline growth, achieving significant cost savings, and delivering earnings per share growth. The values of today’s consumers underpin our strategy. • Net sales growth for key leading brands such as Sharpening our focus on innovative product platforms Smucker’s®, Jif®, and Milk-Bone®; to deliver more of what consumers want is a priority, • Achieved a targeted $140 million in incremental FINANCIAL HIGHLIGHTS along with continuing to build e-commerce capabilities. synergies and cost savings for the fiscal year; and The J. M. Smucker Company Finally, we are strategically acquiring and divesting • A return of more than $350 million to our shareholders YEAR ENDED APRIL 30, brands to increase our participation in categories with in the form of dividends, while reducing total debt by the most growth potential. nearly $570 million. (DOLLARS AND SHARES IN MILLIONS, EXCEPT PER SHARE DATA) 2018 2017 Net sales $ 7,357.1 $7,392.3 This commitment to our strategic roadmap is yielding STRENGTH OF LEADING BRANDS AND SEGMENTS results. Highlights include: Our brands can be found in 92 percent of U.S. households, NET INCOME AND NET INCOME PER COMMON SHARE • An increase in diluted earnings per share to $11.78, and we hold market leadership positions through Net income $1,338.6 $ 592.3 which included a substantial nonrecurring benefit from Smucker’s fruit spreads, Jif peanut butter, Folgers® U.S. income tax reform. Adjusted earnings per share coffee, and Milk-Bone dog snacks. Our leading brands Net income per common share — assuming dilution $ 11.78 $ 5.10 was $7.96; are critical to fueling future growth and investments for ADJUSTED INCOME AND EARNINGS PER SHARE (A) • Free cash flow of $896 million; an increase of $30 million; the Company, and we know that driving growth from these • Delivery of nearly $500 million, or 7 percent of fiscal well-established brands generates strong returns. Beyond Adjusted income $ 904.6 $ 895.9 year 2018 net sales, from sales of new products individual brands, a significant element of our strategy Adjusted earnings per share — assuming dilution $ 7.96 $ 7.72 introduced in the past three years; centers on strengthening the Company’s portfolio with a • On-trend brand growth with Smucker’s® Uncrustables®, particular focus on the coffee, pet, and snacking categories. COMMON SHARES OUTSTANDING AT YEAR END 113.6 113.4 Nature’s Recipe®, Dunkin’ Donuts® and Café Bustelo® NUMBER OF EMPLOYEES 7,000 7,140 as each experienced double-digit sales growth; (A) We use non-GAAP financial measures to evaluate our performance. Refer to “Non-GAAP Financial Measures” in the “Management’s Discussion and Analysis” section for a reconciliation to the comparable GAAP financial measure. 4 THE J. M. SMUCKER COMPANY 2018 ANNUAL REPORT 5 Coffee remains a highly attractive category with retail sales As we expand into fast-growing categories, we have also for the overall at-home coffee market growing at a 3 percent demonstrated throughout our history a willingness to compound annual growth rate during the past five years, divest businesses that are no longer consistent with our primarily driven by the premium and one-cup segments. strategic direction. This has driven our decision to divest Our Folgers, Dunkin’ Donuts and Café Bustelo brands the U.S. baking business, including the Pillsbury™, Martha hold a market-leading 26 percent share of the category. Still, White®, Hungry Jack®, White Lily®, and Jim Dandy® we have a significant opportunity to expand that leadership, brands. In Canada, we will continue to participate in the as only 38 percent of our coffee sales are in the premium baking category as it remains a key part of our portfolio in and one-cup segments that account for 66 percent of that market. category sales. We are shifting the balance of our portfolio toward these areas. INNOVATING TO ALIGN WITH CONSUMER TRENDS Our innovation pipeline aligns well with shifting consumer For our U.S. Consumer Foods business, a key area of trends. In coffee, we recently introduced 1850™ as a new focus is growing our snack portfolio. Our Smucker’s premium coffee brand that will be the basis for a range Uncrustables, Jif, and Sahale Snacks® brands will play of 1850 products. Inspired by the 170-year heritage of a key role in this evolution, as we expect to double the the Folgers brand which originated in San Francisco size of the Company’s $330 million snacking portfolio during the Gold Rush, 1850 tells an authentic story that during the next five years. resonates with premium coffee consumers of all ages. Pet food and snacks has now become the largest center- In snacks, we recently introduced a new platform under of-store category in the U.S. food and beverage market, the Jif brand — Jif Power Ups™ — wholesome snacks that generating $32 billion in annual retail sales across all meet the desires of both kids and parents. And in pet channels. The fiscal year 2019 acquisition of Ainsworth snacks, Pup-Peroni® jerky bites, new varieties of Milk-Bone Pet Nutrition reinforces our commitment to the category treats, and Milos Kitchen® premium dog treats were and will build on our already strong position following introduced with real meat as the number one ingredient the acquisition of Big Heart Pet Brands three years ago. to expand our presence in the growing natural meat In particular, Rachael Ray® Nutrish® is a high-growth snacks segment. premium brand that has been integral in driving the trend toward the premium dog food category in grocery INVESTING IN CAPABILITIES and mass channels. We believe there are distribution The relentless pace of digital innovation is fundamentally expansion opportunities and growth prospects in mass changing the way consumers shop. In response, we premium cat food and pet snacks. recently completed an organizational restructure with 6 THE J. M. SMUCKER COMPANY 2018 ANNUAL REPORT 7 a significant commitment to marketing and digital A key component of that effort is a new K-Cup® agreement innovation, especially e-commerce. With more than with Keurig Green Mountain. New contract terms provide 2 percent of sales coming from e-commerce today, we improved economics, increased distribution, and have ample opportunity for growth.
Load more

Recommended publications
  • Big Heart Pet Brands Scales with Kenandy
    CASE STUDY Big Heart Pet Brands Scales with Kenandy Most of us aren’t ashamed to admit it: our pets rule our roosts. The right ERP platform = simplifying While final numbers aren’t yet in, it’s estimated (by the complexity, enabling growth American Pet Products Association) that Americans spent “One of the main reasons we selected Kenandy was that more than $58 billion on their pets in 2014. And a great many we wanted a flexible system that easily adapts to business of those cats and dogs were scarfing down food and treats changes, such as new acquisitions, while also ofering from Big Heart Pet Brands (formerly Del Monte Corporation enterprise-class capabilities,” explains Dave McLain, and now part of the J.M. Smucker Company). Senior Vice President, Chief Information Ofcer, and Chief Big Heart Pet Brands is the largest standalone producer, Procurement Ofcer at Big Heart Pet Brands. distributor, and marketer of premium-quality, branded pet Big Heart consolidated some 90 legacy applications onto the food and snacks in the United States, with annual sales of $2.3 Kenandy ERP cloud and the Salesforce1 Platform. They are billion. Their industry-leading products include such perennial now running their entire operations on the new cloud system, pet favorites as Milk-Bone®, 9Lives®, Gravy Train®, Kibbles ‘n including their corporate financials, five manufacturing Bits®, Meow Mix®, and Natural Balance®. facilities, and 11 warehouse operations, as well as connecting Ofering a variety of products and lines of business is great directly to more than 20 co-packer facilities and Big Heart for pleasing picky (and pampered) pets, but Big Heart customers across the country.
    [Show full text]
  • 2018 Corporate Responsibility Report
    2018 CORPORATE RESPONSIBILITY REPORT About 4 Smucker Workplace Culture 8 22 Marketplace Responsible Sourcing 32 Environmental 46 Impact Community 56 Helping to bring families together to share memorable meals and moments. OUR We have always defined success by more than financial performance. We believe how we do things is as important PURPOSE as what we do. Our Purpose aims to articulate why we are in business and the impact we aspire to have on society. Being together with the ones we love isn’t just a pleasant way to spend time — it’s vital to a healthy, happy, fulfilling life. In fact, the more family and friends spend time with each other, the richer their lives become. We believe we can help strengthen families through the memorable meals and moments they share, and we can help make every day a little more special by nurturing the bonds that bring people together, as well as people and their pets closer together. And the stronger families are today, the stronger our society will be tomorrow. Quite simply, life tastes better together. 2018 CORPORATE RESPONSIBILITY REPORT 1 Our Message Dear Friends We are pleased to share The J. M. Smucker Company’s 2018 Corporate Responsibility Report. This report allows us to share our most significant accomplishments as we follow our Sustainability Strategy to create a better tomorrow. Our Strategy focuses on: • Preserving our culture; • Ensuring our long-term Economic viability; • Driving positive Environmental impact; and • Being Socially responsible. While our sustainability goals are forward-thinking, their inspiration is rooted in our history. For more than and beverage market, and with the recent acquisition 120 years, The J.
    [Show full text]
  • Corporate Responsibility Report 2017 Corporate Responsibility REPORT
    CORPORATE RESPONSIBILITY 2017 Corporate Responsibility2017 Corporate Report REPORT One Strawberry Lane Orrville, Ohio 44667 330.682.3000 jmsmucker.com EXHIBIT B MANAGEMENT’S SCHEDULE OF THE SUBJECT MATTER AND CRITERIA THE J. M. SMUCKER COMPANY Schedule of Total Water Withdrawal For the Years Ended December 31, 2016 and 2014 2014 2016 Recalculated Water withdrawal (amount in megaliters) 2,800.2 3,0 07.8 OUR PURPOSE Water withdrawal Helping to bring families together to share memorable (amount in cubic meters) 2,800,200 3,007,800 meals and moments. We have always defined success by more than financial performance. We believe NOTE 1 — BASIS OF PRESENTATION: how we do things is as important as what we do. Our Purpose aims to articulate The above amounts represent the total water withdrawal of the Company for the years ended December 31, 2016 and 2014 that the Company prepared for its 2017 submittal to the CDP Water Disclosure and for presentation in the why we are in business and the impact we aspire to have on society. Company’s 2017 Report. These amounts have been prepared based on criteria as established in the World Resources Institute/World Business Council for Sustainable Development’s Greenhouse Gas Protocol: A Corporate Accounting Being together with the ones we love isn’t just a pleasant way to spend time — it’s and Reporting Standard, Revised Edition, and supported by the Global Reporting Initiative G4, EN8. vital to a healthy, happy, fulfilling life. In fact, the more family and friends spend NOTE 2 — BIG HEART ACQUISITION: Water withdrawal associated with the facilities acquired in 2015 as part of the Big Heart acquisition are not included time with each other, the richer their lives become.
    [Show full text]
  • Emerging Growth INITIATION REPORT Member FINRA/SIPC
    INSTITUTIONAL RESEARCH Emerging Growth INITIATION REPORT Member FINRA/SIPC Toll-Free: 561-391-5555 www.DawsonJames.com 101 North Federal Highway - Suite 600 Boca Raton, FL 33432 Better Choice Company Inc. (NYSE AM: BTTR) August 31, 2021 Buy: Initiate with Buy Recommendation and $10 Price Target James McIlree, CFA 561-237-2709 We initiate coverage of Better Choice with a Buy recommendation and $10 price Investmentjmcilree Highlights@dawsonjames .com target. We expect a product re-launch and a new distribution strategy, guided by an experienced and deep management team and funded with a strong balance sheet, will enable the company to drive revenue and EBITDA to significantly higher levels. We believe the increase in revenue and EBITDA will result in a higher multiple. Our $10 target is based on an EV/sales multiple of 4x our 2023 sales estimate of $82.5 million. Better Choice sells premium dog and cat food in the United States and Asia under the Halo and TruDog brands. The pet food market is large and estimated to grow 7%, far in excess of the CBO’s prediction of less than 4% nominal growth in the U.S. Increased pet ownership is driven by household growth, higher income, and migration to bigger houses, on larger lots. The pandemic has boosted growth as more people work from home and have more opportunity to care for pets. The pet food market has two mega, mass-market suppliers: Nestlé’s Purina and Mars. These two companies serve about 45% of the global pet food market and the rest of the market is highly fragmented.
    [Show full text]
  • Fiscal Year 2019 Annual Report Smucker at a Glance
    THE J.M. SMUCKER COMPANY FISCAL YEAR 2019 ANNUAL REPORT SMUCKER AT A GLANCE Over 7,000 Talented & Experienced Employees Headquartered in 90% Orrville, Ohio of U.S. Homes Have a Smucker Product in the Pantry OUR PURPOSE Feeding Connections That Help Us Thrive — Life Tastes Better Together More Than 30 Locations Across Smucker North America $7.8 Billion Family-Led for Net Sales 120+ Years 2 THE J.M. SMUCKER COMPANY FISCAL YEAR 2019 ANNUAL REPORT 1 DEAR FELLOW SHAREHOLDERS, Fiscal year 2019 was a time of purposeful and productive change at The J.M. Smucker Company. Over the course of the year, we took meaningful actions to better align our portfolio with consumer trends and preferences while positioning us to deliver on our financial priorities and create long-term value for our shareholders. o We completed the integration of Ainsworth Pet Nutrition and the divestiture of the U.S. baking business as we continue the transformation of our portfolio to better align with consumer preferences and drive sustained growth. o We successfully launched 1850 ® coffee, Jif Power Ups® snacks and Milk-Bone® long-lasting chews – three major innovation platforms that we will build upon for years to come. o We made significant progress in creating world-class marketing and innovation functions, ensuring that both our high-growth brands and our leading brands remain well positioned to be consumers’ preferred choice. o We made crucial investments in our Company. This included the startup of our new Smucker’s® Uncrustables® manufacturing facility and the implementation of new technologies and enhanced data and analytics through the achievement of important cost-management and synergy milestones – including our Right Spend initiative.
    [Show full text]
  • Dry Supplier Lineup
    Dry GoodsDRY Supply Supplier Line-up June 2018 MANUFACTURER BRANDS DESCRIPTION Foods AB Mauri AB Mauri Double acting baking powder, dry malt, Par C tablets, etc. Fleischmann’s Dry yeast Abbott Nutrition EAS Nutrition bars, shakes and supplements Ensure Adult nutritional products Glucerna Therapeutic nutritional product for abnormal glucose tolerance/diabetic issues Pedialyte Pediatric nutritional products Similac Baby formula ZonePerfect Nutrition bars and shakes ACH Argo Cornstarch Henri's Salad dressings Karo Assorted corn syrups, pancake syrup AFP Advanced Food Products, LLC. Café Classics Crème Brûlée Muy Fresco RTU cheese sauce and pudding Real Fresh RTU cheese sauce, RTU pudding Regent RTU cheese sauce American Beverage Company Big Hug Juice drink Daily's Bar mixes Little Hug Juice drink American Italian Pasta Company Heartland Whole wheat, whole grain, organic and Plus (with ALA Omega 3) pastas Montalcino Bulk long, short and ribbon pastas R&F Retail and bulk packed long, short, flavored, egg noodle, specialty and tri- colored pastas American Licorice Company Red Vines Licorice Snaps Old time candy Sour Punch Sweet/sour chewy candy Super Ropes Rope licorice Amplify Snack Brands Skinny Pop Healthy all natural popcorn Amy's Kitchen Amy's Healthy soup, beans, sauces, & cookies. Organic, vegetarian, & non gmo. Has items to meet all types of dietary restrictions, ie: gluten free, lactose, etc. Andre Prost A Taste of China Imported ethnic items A Taste of India Imported ethnic items A Taste of Thai Imported ethnic items Coconut Milk Imported
    [Show full text]
  • Smucker to Buy Big Heart Pet Brands for $5.8B
    Deal of the Week: Smucker to Buy Big Heart Pet Brands for $5.8B Announcement Date February 3, 2015 Acquirer The J. M. Smucker Company (NYSE: SJM) Acquirer Description Manufactures and markets branded food products worldwide. Operates through three segments: U.S. Retail Coffee; U.S. Retail Consumer Foods; and International, Foodservice, and Natural Foods Founded in 1897 and headquartered in Orrville, Ohio Acquirer Financial Mkt Cap: $11.5 billion LTM EBITDA: $1.2 billion Statistics EV: $13.7 billion LTM EV / Revenue: 2.5x LTM Revenue: $5.5 billion LTM EV / EBITDA: 11.6x Target Company Big Heart Pet Brands Target Description Largest U.S. standalone producer, distributor and marketer of premium quality, branded pet food and pet snacks Headquartered in San Francisco, CA and currently owned by a consortium of investors led by funds affiliated with KKR, Vestar Capital and Centerview Capital Price / Consideration Price: $5.8 billion Consideration: Cash and stock Acquirer Advisor William Blair & Company Target Advisor Morgan Stanley & Co. and Centerview Partners Rationale The deal, Smucker’s biggest ever, will add brands like Milk‐Bone, Kibbles ’n Bits and Meow Mix to a stable that already includes Smucker’s jelly, Jif peanut butter and Folgers coffee Adding Big Heart will add $2.2 billion in sales and the top maker of pet snacks. It could also provide a shot in the arm to help revive Smucker’s sales, which have been relatively flat since 2012 Smucker expects to reap about $200 million in annual cost savings within the first three years after the takeover closes.
    [Show full text]
  • JM Smucker Company (The) Annual Report 2016
    J.M. Smucker Company (The) Annual Report 2016 Form 10-K (NYSE:SJM) Published: June 21st, 2016 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________ FORM 10-K ________________________________________________ x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 30, 2016 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-5111 ________________________________________________ THE J. M. SMUCKER COMPANY (Exact name of registrant as specified in its charter) ________________________________________________ Ohio 34-0538550 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) One Strawberry Lane Orrville, Ohio 44667-0280 (Address of principal executive offices) (Zip code) Registrant’s telephone number, including area code (330) 682-3000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common shares, no par value New York Stock Exchange Rights to purchase preferred shares New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None ________________________________________________ Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes x No o Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No x Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • 2015 Annual Report
    2015 ANNUAL REPORT U.S. RETAIL COFFEE 7 WHY WE ARE, WHO WE ARE... OUR CULTURE A culture of dotting the i’s and crossing the t’s… Of doing the right things and doing things right… A culture of growth – individual and as a company. U.S. RETAIL INTERNATIONAL, CONSUMER FOODSERVICE & It’s who we are. It’s because of who we are. FOODS NATURAL FOODS It’s a result of living our Basic Beliefs… 11 15 Our Commitment to Each Other. To our consumers and to our customers. As we look to the future of unlimited possibilities, we recognize the principles that are instrumental to our success… A culture deeply rooted in our Basic Beliefs… Guideposts for decisions at every level… U.S. RETAIL Why we are who we are. PET FOODS A culture that encourages commitment to each other… 19 Clear communication and collaboration… Vision…A culture of appreciation. A family-sense of sharing in a job well done… Where every person makes a difference. SUSTAINABILITY FINANCIAL AT SMUCKER HIGHLIGHTS 22 24 DEAR SHAREHOLDERS AND FRIENDS, hat a remarkable year this has been for your Company! With our traditional business and brands, we continue to W We started the year in two major lines of business, innovate and offer new products that are in line with consumer Our consumer foods business had consumer foods and coffee. We ended the year by adding a trends. This past year, 7 percent of our sales came from a solid year of performance. Our third business, pet foods, with the acquisition of Big Heart Pet products we did not offer three years ago.
    [Show full text]
  • Dry Supplier Lineup
    DRY Supplier Line-up February 2016 MANUFACTURER BRANDS DESCRIPTION Foods Abbott Nutrition EAS Nutrition bars, shakes and supplements Ensure Adult nutritional products Glucerna Therapeutic nutritional product for abnormal glucose tolerance/diabetic issues Pedialyte Pediatric nutritional products Similac Baby formula ZonePerfect Nutrition bars and shakes ACH Argo Cornstarch Henri's Salad dressings Karo Assorted corn syrups, pancake syrup ACH-Spices Durkee Spices and seasonings Patak's Authentic Indian cuisine Tone's Spices Trader's Choice Spices and seasonings AFP Advanced Food Products, LLC. Café Classics Crème Brûlée Muy Fresco RTU cheese sauce and pudding Real Fresh RTU cheese sauce, RTU pudding Regent RTU cheese sauce American Italian Pasta Company Heartland Whole wheat, whole grain, organic and Plus (with ALA Omega 3) pastas Montalcino Bulk long, short and ribbon pastas R&F Retail and bulk packed long, short, flavored, egg noodle, specialty and tri- colored pastas American Licorice Company Red Vines Licorice Snaps Old time candy Sour Punch Sweet/sour chewy candy Super Ropes Rope licorice Amy's Kitchen Amy's Healthy soup, beans, sauces, & cookies. Organic, vegetarian, & non gmo. Has items to meet all types of dietary restrictions, ie: gluten free, lactose, etc. Andre Prost A Taste of China Imported ethnic items A Taste of India Imported ethnic items A Taste of Thai Imported ethnic items Coconut Milk Imported ethnic items Honees Imported ethnic items Notta Pasta Imported pasta Odense Imported ethnic items Peanuts & Panko Peanuts and
    [Show full text]
  • 2015 Corporate Responsibility Report
    2015 Corporate Responsibility Report One Strawberry Lane Orrville, Ohio 44667 Responsibility2015 Corporate Report 330.682.3000 jmsmucker.com Section 1: Our Message 4 Section 2: Our Culture 6 Section 3: Our Consumers 21 Section 4: Our Environment 30 Section 5: Our Communities 47 Section 6: Our Company 52 2015 Corporate Responsibility Report 1 OUR CULTURE Our Message • Philosophy of hiring for a career • Comprehensive approach to people development • A focus on employee well-being • Where every employee makes a difference Our Culture OUR CONSUMERS OUR ENVIRONMENT • Focused on Our Purpose • Working toward our 2020 goals • Providing consumers with high-quality • Committed to our green coffee Our Consumers product choices sustainability strategy • Committed to responsible, family- • U.S. Zero Waste Business Council oriented marketing programs certification for our Chico, CA, facility • Introduced more than 100 new • Committed to a fully sustainable and products in fiscal 2015 traceable palm oil supply chain Our Environment OUR PURPOSE Helping to bring families together to share memorable meals and moments. OUR COMMUNITIES Respect for the environment and a strong commitment to actively supporting • Enhancing our communities the communities we serve have been defining attributes of our Company since through revitalization our founding more than 115 years ago. We are pleased to share The J.M. Smucker Company’s ongoing focus on Economic, Environmental, and Social sustainability • Encouraging volunteerism and community involvement Our Communities as detailed throughout our 2015 Corporate Responsibility Report. • Providing valuable learning experience through internships • Contributing to the well-being of our communities Our Company 2 The J. M. Smucker Company 2015 Corporate Responsibility Report 3 Our Message Dear Friends, We are pleased to present The J.M.
    [Show full text]
  • View Annual Report
    ANNUAL REPORT OUR PORTFOLIO OF LEADING AND WHY WE ARE EMERGING BRANDS WHO WE ARE A culture of doing the right things and doing things right… Of dotting the i’s and crossing the t’s… A culture of growth—individual and as a company. A result of living our Basic Beliefs… Our Commitment to Each Other, to our consumers, and to our customers. As we look to the future of unlimited possibilities, we recognize the principles that are instrumental to our success: A culture deeply rooted in our Basic Beliefs, guideposts for decisions at every level; A culture that encourages commitment to each other, clear communication and collaboration; A culture of appreciation; A family-sense of sharing in a job well done; Where every person makes a difference. #1 #1 #1 #1 FOLGERS JIF Market Share SMUCKER'S MILK-BONE Market Share At-Home Market Share Market Share Peanut Butter Coffee Brand Fruit Spreads Dog Snacks OUR VISION Engage, delight, and inspire consumers through trusted food and beverage brands that bring joy throughout their lives. A portfolio that combines #1 and leading brands with emerging, on-trend brands to drive balanced growth. OUR PURPOSE Helping to bring families together to share memorable meals and moments. We have always defined success by more than financial performance. We believe how we do things is as important as what we do. Our Purpose aims to articulate why we are in business and the impact we aspire to have on society. Being together with the ones we love isn’t just a pleasant way to spend time—it’s vital to a healthy, happy, fulfilling life.
    [Show full text]