J.M. Smucker Company: 10-K Risk Factor Changes

2024 vs 2023  ·  SEC EDGAR  ·  2026-05-22
Other years: 2025 vs 2024 · 2023 vs 2022
⚠ AI-Generated

The summary below was generated by an AI language model and may contain errors or omissions. All other content on this page is deterministically extracted from the original SEC EDGAR filing.

Smucker's 2024 filing reflects heightened focus on operational resilience and shareholder capital allocation, with the addition of risks related to extended shelf-life product development and dividend discretion, while removing an outdated equity investment liquidity risk. The company substantially revised 21 existing risk disclosures, with particular emphasis on pricing power constraints, supply chain vulnerability, and macroeconomic sensitivity - suggesting management's recognition of intensifying cost pressures and distribution challenges in its operating environment. These modifications indicate a strategic pivot toward product innovation capabilities and clearer governance communication regarding shareholder returns.

✓ Deterministic extraction — no AI-generated data

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

2
New Risks
1
Removed
21
Modified
9
Unchanged
🟢 New in Current Filing Our success will depend on our continued ability to produce and successfully market products with extended shelf life. 🔒
🟢 New in Current Filing The declaration, payment, and amount of dividends is made at the discretion of our Board and depends on a number of factors. 🔒
🔴 No Match in Current Filing The value of our investment in equity securities is subject to certain risks and uncertainties which could make it difficult to dispose of some or all of such securities at favorable market prices. 🔒
🟡 Modified We may be limited in our ability to pass cost increases onto our customers in the form of price increases or may realize a decrease in sales volume to the extent price increases are implemented. 🔒
🟡 Modified A significant interruption in the operation of any of our supply chain or distribution capabilities could have an adverse effect on our business, financial condition, and results of operations. 🔒
🟡 Modified Deterioration of national and global macroeconomic conditions, an economic recession or slow growth, periods of inflation, or economic uncertainty in key markets may adversely affect consumer spending and demand for our products. 🔒
🟡 Modified Our business could be harmed by strikes or work stoppages. 🔒
🟡 Modified Changes in our relationships with significant customers, including the loss of our largest customer, could adversely affect our results of operations. 🔒
🟡 Modified We may not realize the benefits we expect from our cost reduction and other cash management initiatives. 🔒
🟡 Modified Our results may be adversely impacted as a result of increased cost, limited availability, and/or insufficient quality of raw materials, including commodities and agricultural products. 🔒
🟡 Modified Our ability to competitively serve customers depends on the availability of reliable transportation. Increases in logistics and other transportation-related costs could adversely impact our results of operations. 🔒
🟡 Modified We could be subject to adverse publicity or claims from consumers. 🔒
🟡 Modified Weak financial performance, downgrades in our credit ratings, or disruptions in the financial markets may adversely affect our ability to access capital in the future. 🔒
🟡 Modified We may be unable to grow market share of our products. 🔒
🟡 Modified We must leverage our brand value to compete against private label products and lower-priced alternative brands. 🔒
🟡 Modified Loss or interruption of supply from primary or single-source suppliers of raw materials and finished goods could have a disruptive effect on our business and adversely affect our results of operations. 🔒
🟡 Modified Our operations are subject to the general risks of the food industry. 🔒
🟡 Modified Certain of our products are produced at single manufacturing sites. 🔒
🟡 Modified If our information technology systems fail to perform adequately or we are unable to protect such information technology systems against data corruption or cybersecurity incidents, our operations could be disrupted, and we may suffer financial damage or loss because of lost or misappropriated information. 🔒
🟡 Modified We may not be able to attract, develop, and retain the highly skilled people we need to support our business, and our results could be adversely impacted as a result of increased labor and employee-related expenses. 🔒
🟡 Modified A material impairment in the carrying value of acquired goodwill or other intangible assets could negatively affect our consolidated operating results and net worth. 🔒
🟡 Modified Our international operations expose us to regulatory risks. 🔒
🟡 Modified The ongoing conflicts between Russia and Ukraine and Israel and Hamas and the related disruptions to the global economy could adversely affect our business, financial condition, or results of operations. 🔒
🟡 Modified Our operations are subject to the general risks associated with acquisitions, divestitures, and restructuring programs. Specifically, we may not realize all of the anticipated benefits of the acquisition of Hostess Brands, or those benefits may take longer to realize than expected. We may also encounter significant unexpected difficulties in integrating the Hostess Brands business and may be unable to effectively manage stranded overhead resulting from recent divestitures. 🔒
24 changes in this historical filing

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