J.M. Smucker’s Revenue by Product Category (2018-2023)

This chart shows J.M. Smucker’s Revenue by Product Category, split across Baking mixes and ingredients, Cat Food, Coffee, Dog Food, Frozen handheld, Fruit spreads, Juices and beverages, Peanut Butter, Pet snacks and Portion control.

J.M. Smucker’s Revenue by Product Category

(All figures are in millions, except percentages)

J.M. Smucker’s total revenue increased from $2,034 million in Q2 2021 to $2,050 million in Q2 2022, marking a rise of 0.78% on a year-on-year basis. It also increased by 10.33% quarterly, as compared to $1,858 million earned in Q1 2022.

Further, the statistical analysis of different product categories is explained as follows:

Baking mixes and ingredients

J.M. Smucker’s revenue from Baking mixes and ingredients have declined from $30 million earned in Q2 2021 to $25.5 million in Q2 2022, marking a decline of 15% on a year-on-year basis. However, it has increased by 10.5.5% quarterly when compared to $12.4 million earned in Q1 2022. This product category generates 1.2% of the company’s total revenue.

Cat Food                          

J.M. Smucker’s revenue from Cat Food stood at $242.8 million in Q2 2022. It increased by 4.7% on a yearly basis when compared to $231.9 million earned in Q2 2021 and by 9.8% on a quarterly basis when compared to $221 million earned in Q1 2022. This product category generates 11.8% of the company’s total revenue in Q2 2022.

Coffee

The majority of J.M. Smucker’s revenue is generated through coffee accounting for 35% of the company’s total revenue, amounting to $718.5 million in Q2 2022. It grew by 8.9% yearly when compared to $659.6 million earned in Q2 2021 and by 17.2% quarterly when compared to $613.1 million earned in Q1 2021.

Dog Food

J.M. Smucker’s revenue from dog food decreased by 10.5% yearly, from $277.8 million in Q2 2021 to $248.5 million in Q2 2022. It increased by 8.12% quarterly, when compared to $228.3 million in Q1 2022. This product category generates 12.1% of the company’s total revenue, and is the second highest contributor of revenue.

Frozen handheld

J.M. Smucker’s revenue from Frozen handheld stood at $139.1 million in Q2 2022. It has increased by 30.8% yearly when compared to $106.3 million in Q2 2021 and by 14.4% quarterly when compared to $121.6 million in Q1 2022. This product category generates 6.8% of the company’s total revenue in Q2 2022.

Fruit spreads

J.M. Smucker’s revenue from Frozen spreads stood at $89.9 million in Q2 2022. It increased by 0.78% yearly when compared to $89.2 million in Q2 2021 and decreased by 1% quarterly when compared to $90.8 million in Q1 2022. This product category generates 4.4% of the company’s total revenue in Q2 2022

Juices and beverages

J.M. Smucker’s revenue from Juices and beverages have declined from $36.7 million in Q2 2021 to $36.5 million in Q2 2022, marking a decline of 0.5% on a year-on-year basis. It increased by 10.5% quarterly when compared to $33.2 million earned in Q1 2022. This product category generates 1.8% of the company’s total revenue.

Peanut Butter

J.M. Smucker’s revenue from Peanut Butter stood at $200.8 million in Q2 2022. It increased by 4.14% yearly when compared to $192.8 million in Q2 2021 and decreased by 5% quarterly when compared to $211.3 million in Q1 2022. This product category generates 9.8% of the company’s total revenue in Q2 2022

Pet snacks

J.M. Smucker’s revenue from Pet Snacks stood at $229.8 million in Q2 2022. It increased by 6.04% yearly when compared to $216.7 million in Q2 2021 and by 6.5% quarterly when compared to $215.8 million in Q1 2022. This product category generates 11.2% of the company’s total revenue in Q2 2022.

Portion control

J.M. Smucker’s revenue from P0rtion Control stood at $40.8 million in Q2 2022. It increased by 29.26% yearly when compared to $31.1 million in Q2 2021 and by 18.6% quarterly when compared to $34.4 million in Q1 2022. This product category generates 2% of the company’s total revenue in Q2 2022.

Other

This category includes all the other product categories manufactured by the company, besides those mentioned above. J.M. Smucker’s revenue from Juices and beverages declined from $79.2 million in Q2 2021 to $77.8 million in Q2 2022, marking a decline of 1.76% on a year-on-year basis. It increased by 6.17% quarterly when compared to $76.1 million in Q1 2022. This product category generates 3.8% of the company’s total revenue.

About J.M. Smucker Co.

J.M. Smucker Company often mentioned as Smucker’s (a registered trademark), was created in 1897 and incorporated in Ohio in 1921. It operates primarily in one industry, the manufacturing, and promotion of branded food and beverage products on an international basis, although the mainstream sales are from the U.S. The company’s setups outside the U.S. are primarily in Canada, although products are distributed to other nations as well. The common stock of the company is traded on the NYSE under the symbol “SJM”.

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