The J. M. Smucker Company 8K Regulation FD Disclosure | SJM 25 Jul 14

Exhibit 99.1

The J. M. Smucker Company

Unaudited Reportable Segments Supplemental Information

(Revised to Reflect the New Segment Profit Definition)


	Three months ended July 31,
	2013			2012
	(Dollars in millions)
Net sales:
U.S. Retail Coffee	$	514.4		$	520.8
U.S. Retail Consumer Foods		536.4			528.4
International, Foodservice, and Natural Foods		300.1			320.5

Total net sales	$	1,350.9		$	1,369.7

Segment profit:
U.S. Retail Coffee	$	142.6		$	118.0
U.S. Retail Consumer Foods		95.5			101.0
International, Foodservice, and Natural Foods		43.1			36.2

Total segment profit	$	281.2		$	255.2

Interest expense – net		(23.8	)		(23.6	)
Cost of products sold – special project costs		(1.5	)		(4.0	)
Other special project costs		(5.8	)		(23.9	)
Corporate administrative expenses		(65.2	)		(56.5	)
Unallocated derivative gains		4.6			19.7
Other income – net		—			0.4

Income before income taxes	$	189.5		$	167.3

Segment profit margin:
U.S. Retail Coffee		27.7	%		22.7	%
U.S. Retail Consumer Foods		17.8	%		19.1	%
International, Foodservice, and Natural Foods		14.4	%		11.3	%

Consistent with prior years, special project costs relate to specific restructuring, merger and integration, and pension settlement projects that are each nonrecurring in nature and can significantly affect the year-over-year assessment of operating results.

The J. M. Smucker Company

Unaudited Reportable Segments Supplemental Information

(Revised to Reflect the New Segment Profit Definition)


	Three months ended October 31,						Six months ended October 31,
	2013			2012			2013			2012
	(Dollars in millions)
Net sales:
U.S. Retail Coffee	$	594.9		$	622.5		$	1,109.3		$	1,143.3
U.S. Retail Consumer Foods		612.6			619.3			1,149.0			1,147.7
International, Foodservice, and Natural Foods		352.4			386.9			652.5			707.4

Total net sales	$	1,559.9		$	1,628.7		$	2,910.8		$	2,998.4

Segment profit:
U.S. Retail Coffee	$	180.6		$	162.0		$	323.2		$	280.0
U.S. Retail Consumer Foods		100.7			115.5			196.2			216.5
International, Foodservice, and Natural Foods		47.4			60.3			90.5			96.5

Total segment profit	$	328.7		$	337.8		$	609.9		$	593.0

Interest expense – net		(20.5	)		(23.9	)		(44.3	)		(47.5	)
Cost of products sold – special project costs		(2.3	)		(2.4	)		(3.8	)		(6.4	)
Other special project costs		(6.9	)		(11.5	)		(12.7	)		(35.4	)
Corporate administrative expenses		(67.2	)		(66.0	)		(132.4	)		(122.5	)
Unallocated derivative (losses) gains		(1.5	)		(10.3	)		3.1			9.4
Other (expense) income – net		(0.3	)		0.5			(0.3	)		0.9

Income before income taxes	$	230.0		$	224.2		$	419.5		$	391.5

Segment profit margin:
U.S. Retail Coffee		30.4	%		26.0	%		29.1	%		24.5	%
U.S. Retail Consumer Foods		16.4	%		18.7	%		17.1	%		18.9	%
International, Foodservice, and Natural Foods		13.5	%		15.6	%		13.9	%		13.6	%

The J. M. Smucker Company

Unaudited Reportable Segments Supplemental Information

(Revised to Reflect the New Segment Profit Definition)


	Three months ended January 31,						Nine months ended January 31,
	2014			2013			2014			2013
	(Dollars in millions)
Net sales:
U.S. Retail Coffee	$	578.9		$	627.7		$	1,688.2		$	1,771.0
U.S. Retail Consumer Foods		557.8			581.3			1,706.8			1,729.0
International, Foodservice, and Natural Foods		328.8			350.6			981.3			1,058.0

Total net sales	$	1,465.5		$	1,559.6		$	4,376.3		$	4,558.0

Segment profit:
U.S. Retail Coffee	$	181.1		$	175.2		$	504.3		$	455.2
U.S. Retail Consumer Foods		105.0			106.1			301.2			322.6
International, Foodservice, and Natural Foods		42.6			50.4			133.1			146.9

Total segment profit	$	328.7		$	331.7		$	938.6		$	924.7

Interest expense – net		(18.4	)		(23.8	)		(62.7	)		(71.3	)
Cost of products sold – special project costs		(2.9	)		(1.2	)		(6.7	)		(7.6	)
Other special project costs		(7.1	)		(6.8	)		(19.8	)		(42.2	)
Corporate administrative expenses		(59.2	)		(64.9	)		(191.6	)		(187.4	)
Unallocated derivative gains (losses)		4.0			(0.5	)		7.1			8.9
Other income (expense) – net		1.4			(0.5	)		1.1			0.4

Income before income taxes	$	246.5		$	234.0		$	666.0		$	625.5

Segment profit margin:
U.S. Retail Coffee		31.3	%		27.9	%		29.9	%		25.7	%
U.S. Retail Consumer Foods		18.8	%		18.3	%		17.6	%		18.7	%
International, Foodservice, and Natural Foods		13.0	%		14.4	%		13.6	%		13.9	%

The J. M. Smucker Company

Unaudited Reportable Segments Supplemental Information

(Revised to Reflect the New Segment Profit Definition)


	Three months ended April 30,						Year ended April 30,
	2014			2013			2014			2013
	(Dollars in millions)
Net sales:
U.S. Retail Coffee	$	473.5		$	535.5		$	2,161.7		$	2,306.5
U.S. Retail Consumer Foods		465.8			485.8			2,172.6			2,214.8
International, Foodservice, and Natural Foods		295.0			318.4			1,276.3			1,376.4

Total net sales	$	1,234.3		$	1,339.7		$	5,610.6		$	5,897.7

Segment profit:
U.S. Retail Coffee	$	135.5		$	148.6		$	639.8		$	603.8
U.S. Retail Consumer Foods		91.8			91.3			393.0			413.9
International, Foodservice, and Natural Foods		34.7			49.8			167.8			196.7

Total segment profit	$	262.0		$	289.7		$	1,200.6		$	1,214.4

Interest expense – net		(16.7	)		(22.1	)		(79.4	)		(93.4	)
Cost of products sold – special project costs		(2.7	)		(3.9	)		(9.4	)		(11.5	)
Other special project costs		(5.8	)		(7.3	)		(25.6	)		(49.5	)
Corporate administrative expenses		(60.3	)		(62.2	)		(251.9	)		(249.6	)
Unallocated derivative (losses) gains		(1.8	)		(2.3	)		5.3			6.6
Other income (expense) – net		9.0			(0.1	)		10.1			0.3

Income before income taxes	$	183.7		$	191.8		$	849.7		$	817.3

Segment profit margin:
U.S. Retail Coffee		28.6	%		27.8	%		29.6	%		26.2	%
U.S. Retail Consumer Foods		19.7	%		18.8	%		18.1	%		18.7	%
International, Foodservice, and Natural Foods		11.8	%		15.6	%		13.1	%		14.3	%

The J. M. Smucker Company (SJM) 8-KRegulation FD Disclosure