J.M. Smucker’s Revenue Breakdown Worldwide (2018-2022)

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This statistic highlights J.M. Smucker’s Revenue Breakdown Worldwide, split across the United States, Canada, and other international, reported on a quarterly basis from Q1 2018 onwards.
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This statistic highlights J.M. Smucker’s Revenue Breakdown Worldwide, split across the United States, Canada, and other international, reported on a quarterly basis from Q1 2018 onwards.

J.M. Smucker is a leading American producer of pet food, jams, beverages, oil and ice cream toppings. Its prime focus is to sell branded meals and beverages to purchasers through shops mainly in North America.

J.M. Smucker’s Revenue Breakdown Worldwide

Revenue by Region Q2 2021 Q1 2022 Q2 2022 Contribution in Q2 2022
United States $1.88 $1.73 $1.92 93.66%
Canada $0.12 $0.10 $0.11 5.37%
Other International $0.028 $0.022 $0.018 0.98%
Total Revenue $2.02 $1.86 $2.05 100.00%

(All figures are in billions, except percentages)

J.M. Smucker bifurcates its revenue by region on the basis of the geographical location of its customers. The total revenue of J.M. Smucker rose from $2.02 billion in Q2 2021 to $2.05 billion in Q2 2022 indicating an increase of 1.48% on a year-on-year basis. It also witnessed an increase of 10.21% on a quarter-on-quarter basis, as compared to $1.86 billion in Q1 2022. A major portion of the total revenue, accounting for almost 93.66%, is consistently contributed by the United States.

J.M. Smucker’s revenue can be bifurcated into the following regions:

United States

The transaction covered oils and shortening merchandise bought beneath the Crisco brand, in general, with inside the U.S. positive emblems and licensing agreements, devoted production and warehouse centers positioned in Cincinnati, Ohio, and about 160 employees who supported the Crisco enterprise.

The majority of the total revenue of the company is generated by the United States with a contribution of 93.66%. They had shown an increase of $0.09 billion, from $1.88 billion in Q2 2021 to $1.92 billion in Q2 2022, making an increase of 2.12% on a year-on-year basis. The revenue grew by $0.19 billion, as compared to $1.73 billion in Q1 2022, making an increment of 10.98% on a quarter-on-quarter basis.

Canada

In Canada, they may be the branded marketplace chief in the flour, pickles, fruit spreads, canned milk, and ice cream toppings categories. Their enterprise is enormously aggressive as all in their manufacturers compete for retail shelf area with different branded merchandise in addition to non-public label merchandise.

Revenue from Canada has a contribution of 5.37% to the total revenue of the company in Q2 2022, amounting to $0.11 billion. On a year-on-year basis, the revenue witnessed a decline of 8.33%, from $0.12 billion in Q2 2021 to $0.11 billion in Q2 2022. On a quarterly basis, the revenue increased by 10%, as compared to $0.10 billion in Q1 2022.

Other International

International and Away From Home represents income from outside of the U.S. retail marketplace. In International and away from home, their merchandise is allotted locally and in overseas nations through retail channels and foodservice vendors and operators such as fitness care operators, restaurants, lodging, hospitality, offices, K-12, faculties and universities, and comfort stores.

Other countries contributed nearly about 0.98% to the total revenue of the company in Q2 2022, amounting to $0.018 billion. The revenue from this region has been declining. It decreased from by 35.71% on a year-on-year basis, from $0.028 billion in Q2 2021 to $0.018 billion in Q2 2022. It declined by 18.18% on a quarter-on-quarter basis, as compared to $0.022 billion in Q1 2022.

About J.M. Smucker 

The J. M. Smucker Company, additionally called Smucker, is an American producer of meals merchandise in North America. Founded in 1897 as a maker of apple butter, the company now has 3 important enterprise units: client foods, puppy foods, and coffee. Headquartered in Orrville, Ohio, it was found by Jerome Monroe Smucker.

The agency operates basically in a single industry, the production, and advertising of branded meals and beverage merchandise on a global basis, although the bulk of their income is inside the U.S. Their operations outside the U.S. are basically in Canada. However, merchandise is exported to different nations as well.

J.M. Smucker Co. consists of a portfolio that appeals to every human and pets, with merchandise located in 90% of the  U.S. houses and limitless restaurants. This consists of a mixture of iconic manufacturers that purchasers have cherished such as Folgers, Jif, and Milk-Bone and new favorites like Cafe Bustelo, Smucker’s Uncrustables, and Rachael Ray Nutrish. The common stock of the company is publicly traded on the NYSE under the symbol “SJM” and is a component of the S&P 500 index.

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