Claire Dmura 527Assignment 1 Profile of J.M. Smucker Co. Essential Company Description J.M. Smucker (SJM) 1 Strawberry Ln.

Orrville, OH 44667-0280 United States The J. M. Smucker Company is engaged in the manufacturing and marketing of branded food products on a worldwide basis. Majority of the Company's sales are in the United States. The Company's operations outside the United States are principally in Canada although products are exported to other countries, as well. The Company's branded food products include a portfolio of brands that are sold to consumers through retail outlets in North America. The Company has four major segments: U.S. Retail Coffee Market, U.S. Retail Consumer Market, U.S. Retail Oils and Baking Market, and Special Markets. Bonus statistic: Wal-Mart accounted for about 27% of the company's sales for its 2010 fiscal year
Company location from company website, smuckers.com, Description from Lexis-Nexis, Both retrieved October 23, 2010

Key Subsidiaries and Divisions* The Folger Coffee Company Smucker Quality Beverages, Inc. Smucker Specialty Foods Company Smucker Foods Of Canada Co.
From Lexis-Nexis Directory of Corporate Affiliations, Retrieved October 23, 2010 *See appendix I for full list of subsidiaries and brands

Major products fruit spreads canned milk

shortening and oils coffee

peanut butter baking mixes

From Lexis-Nexis, Retrieved October 23, 2010

IndustryFood Manufacturing: NAICS:* 311211 Flour Milling (Lexis-Nexis) 311422 Specialty Canning (Hoovers) 311421 Fruit and Vegetable Canning (Mergent) 311999 Other Misc. Food Manufacturing (Factiva)

SIC: 2033 Canned fruits and vegetables (Lexis-Nexis, Mergent) 2032 Canned specialties (Hoovers) 2099 Food Preparations, NEC (Factiva)
*All sources indicated a different NAICS classification, with the only point of agreement being that SJM is in the subsector food manufacturing. J.M. Smucker is a company with 4 major segments and these classifications seem to cover each of them. Retrieved October 23, 2010

Market Position among top 3 competitors Annual Employee Sales s Unilever $57,074.3 M 163,000 Kraft Foods $40,386.0 M 97,000 ConAgra $12,079.4 M 24,400 Smuckers $4,605.3 M 4,850

Market Cap (Private Co.) $55,635.4 M $10,091.6 M $7,532.4 M

From Hoovers Company Profile, Retrieved October 23, 2010

People Timothy P. Smuckerchairman of the board and co-CEO Timothy has been co-CEO of J.M. Smucker since February 2001. He has also been the companys chairman since 1987 and a director since 1973. Mr. Smucker is the great-grandson of J. M. (Jerome Monroe) Smucker, founder of the company, and shares the office of the CEO with his brother, Richard. Other affiliations include: director of Dreyer's Grand Ice Cream Inc., director of Grocery Manufacturers of America, Inc., and Hallmark Cards, Inc.* Total compensation: $6,830,263* Richard K. Smuckerexecutive chairman, president and co-CEO Richard has been executive chairman of J.M. Smucker since August 2008 and Co-CEO since February 2001. He joined the board of directors in 1975 and has served as president since 1987. Richard has held various financial and operational positions with the Company, including Treasurer, Executive Vice President, and Chief Administrative Officer. Mr. Smucker is the greatgrandson of J. M. (Jerome Monroe) Smucker, founder of the company, and shares the office of the CEO with his brother, Timothy. Other affiliations: director of The Sherwin-Williams Company, director and the deputy chairman of the Cleveland Federal Reserve Bank board.* Total Compensation: $7,977,283* Other top executives: Mark R. BelgyaSVP and CFO Andrew G. PlattVP Information Services and CIO Dennis J. ArmstrongSVP Logistics and Operations
From company website, smuckers.com, Retrieved October unless otherwise noted.

*From Hoovers Company Profile, Retrieved October 23, 2010

Financial Information: (FY2010) Net Income: $494.1M Fiscal Year: April 30, 2010 Long Term debt: $900.0 M Total Assets: $7,974.9 M
From SEC 10K filings, accessed through company website, smuckers.com, powered by EdgarOnline, Retrieved October 23, 2010

Stock Info: Exchange: NYSE 12-month high/low: 63.75/51.19

Symbol: SJM Closing price (as of 10/22): 63.03

From Yahoo!Finance Summary, Retrieved October 23, 2010

Forecasts and Projections: Analysis from Tom Graves, CFA We generally like the acquisition of the Folgers coffee business, which adds diversification and should provide economies of scale. We look for SJM's overall sales to benefit from the introduction of new or reformulated products, including items such as Crisco olive oil and reduced sugar products.
From S&Ps Stock Report, October 23, 2010

Datamonitor SWOT analysis Strengths Extensive product and distribution range Portfolio of strong brands Strong inorganic growth Opportunities Growing food services market Growing global confectionary and savory snacks markets

Weaknesses Concentrated customer base Comparatively smaller scale of operations Threats Dampened consumer demand Stringent regulations Intense Competition

From Datamonitor, accessed through Factiva, Retrieved October 23, 2010

Bibliography "Smucker to Cut Workers, Shut Plants." Wall Street Journal - Eastern Edition 25 Mar. 2010: B5. Business Source Complete. EBSCO. Web. 25 Oct. 2010. "Smucker to Join S&P 500." Wall Street Journal - Eastern Edition 31 Oct. 2008: C5. Business Source Complete. EBSCO. Web. 25 Oct. 2010. Byron, Ellen, and Matthew Karnitschnig. "Smucker Brews Up Deal to Buy Folgers." Wall Street Journal - Eastern Edition 04 June 2008: B1. Business Source Complete. EBSCO. Web. 25 Oct. 2010.

Appendix I Subsidiaries The Dickinson Family Inc Eagle Family Foods Holdings Inc Europe's Best Inc (Canada) Europe's Best International SRL (Barbados) Fantasia Confections Inc The Folgers Coffee Co LLC The Folgers Coffee Co IMC Bakery International Inc IMC U S Inc J M Smucker de Mexico S A de CV (Mexico) JM Smucker Ltd (Scotland) King Kelly LLC Martha White Foods Inc Millstone Coffee Inc Milnot Co Santa Cruz Natural Inc Smucker Bakery Manufacturing Inc Smucker Direct Inc Smucker Fruit Processing Co Smucker Hong Kong Ltd (Hong Kong) Smucker Natural Foods Inc Smucker Services Co The Folgers Coffee Company The Folger Coffee Company LLC

Eagle Family Foods Inc EB International Inc (Barbados) Europe's Best International LLC Europe's Best LLC The Folgers Coffee Co Folgers Cafe Servicos de Pesquisa Ltda (Brazil) The Folgers Coffee Distributing Co IMC North America Inc Inversiones 91060 C A (Venezuela) J M Smucker LLC Juice Creations Co Knudsen & Sons Inc Mary Ellen's Inc Millstone Coffee LLC RHM Canada LP (Canada) Simply Smucker's Inc Smucker Brands Inc Smucker Foods of Canada Co (Canada) Smucker Holdings Inc Smucker Latin America Inc Smucker Sales and Distribution Co The Dickinson Family, Inc The Folger Coffee Company

From Directory of Corporate Affiliations, Lexis-Nexis, Retrieved October 23, 2010.

BRAND NAME ADAMS AFTER THE FALL BICK'S CROSSE & BLACKWELL DICKINSON'S DUTCH GIRL EAGLE BRAND FIVE ROSES FOLGERS HUNGRY JACK JIF KNOTT'S BERRY FARM LAURA SCUDDER'S MAGIC SHELL MARTHA WHITE MARY ELLEN MILLSTONE NATURAL BREW PET R.W. KNUDSEN FAMILY RED RIVER ROBIN HOOD SANTA CRUZ ORGANIC SIMPLY FRUIT SMUCKER'S SMUCKER'S PUCKERS UNCRUSTABLES WHITE LILY

BUSINESS TYPE Peanut Butter Fruit Juices Pickle Food Products Preserves Apple Butter & Jellies Condensed Milk Products Food Products Coffee Food Products Peanut Butter Jam Peanut Butter Ice Cream Toppings Baking Mix Preserves & Jellies Coffee Food Product Evaporated Milk Organic Juices, Concentrates, Bottled Spritzers, & Sports Drinks Cereals Baking Mix Organic Fruit Juices, Fruit Spreads & Fruit Sauces Fruit Juice-Sweetened Fruit Spreads Logo Candy Sandwich Corn Muffins

From Directory of Corporate Affiliations, Lexis-Nexis, Retrieved October 23, 2010