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The filed complaint alleges that The J. M. Smucker Company made materially false and/or misleading statements and/or failed to disclose that: On June 9, 2025, Smucker announced its fourth quarter and full fiscal year 2025 financial results, highlighting increased setbacks to its Sweet Baked Snacks segment. As a result, management anticipated only 3% annual net sales growth for the segment over the long-term. The Company blamed the segment’s disappointing results on inflationary pressures, diminished income and poor execution. Following this news, SJM’s stock price fell by $17.44 per share, or approximately 16% to close at $94.41 per share.
In order to be eligible to join the SJM class action lawsuit, you must have incurred a loss on shares of The J. M. Smucker Company purchased during the class period listed above.
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