JM Smucker Company (SJM)

The gross profit margin of JM Smucker Company has exhibited notable fluctuations over the specified period from April 30, 2021, to April 30, 2025. As of April 30, 2021, the gross profit margin stood at 39.22%, reflecting the company's profitability in generating gross profit relative to its net sales during that fiscal year. By April 30, 2022, this margin experienced a decline to 33.76%, indicating increased costs of goods sold or a reduction in sales prices, which adversely affected gross profitability. The downward trend persisted into April 30, 2023, with the gross profit margin declining further to 32.85%, suggesting continued pressures on gross profitability, potentially due to inflationary costs, competitive pricing strategies, or changes in product mix.

However, starting from April 30, 2024, the gross profit margin demonstrated a recovery, rising to 38.09%. This reversal indicates an improvement in gross margins, potentially attributable to better supply chain management, pricing adjustments, or product mix shifts favoring higher-margin items. The margin continued its upward trajectory, reaching 38.79% as of April 30, 2025, signifying a near return to and slight surpassing of the gross profit margins observed in 2021.

Overall, the data reveals a period of margin compression during 2022 and 2023, followed by a significant recovery and stabilization in gross profitability margins in the subsequent fiscal years. This pattern may reflect operational adjustments, strategic pricing initiatives, or favorable cost management efforts by the company.