The place Do Pies Go When They Die?
Nice Ones. 10:30 a.m. November 24.
I’m getting into the city of Nice Stuff … 5 miles south of Wall Avenue, 12 miles west of the state line. And I’ve by no means seen so many earnings experiences in my life…
All I did was to return to earnings season, and it’s like I fell into … right into a dream!
And the place else would you moderately kick off your vacation shenanigans than the city of Twin Peaks — erm, Nice Stuff?
We’re all aflutter right here, preparing for the lengthy vacation weekend. So, we’re holding issues brief and easy right this moment — as any journey to the Black Lodge ought to be.
We’ll jam in some fast earnings from J.M. Smucker (NYSE: SJM), and wham-o! We’re within the dwelling stretch for some Thanksgiving breaking … and heaps of huckleberry pie.
See, pies want fruit. Jelly wants fruit. Fruit goes into pies … effectively, pie filling. Does jam go into pies? Or jelly? Pie flies like a banana…
Snap out of it, Nice Stuff!
Proper, so, the place had been we? Smucker was jamming all all through its earnings name final night time. (Welch’s was berry jelly, consider me.)
Smucker’s earnings per share hit $2.43 and topped analysts’ targets for $2.24. Income rose simply 0.8% and reached $2.05 billion, additionally beating estimates for $2.01 billion. All that regardless of rising prices and provide chain points.
A jelly provide crunch? Say it ain’t so!
Higher nonetheless, the corporate hiked up its per-share earnings steerage from a spread of $8.25 and $8.65 as much as between $8.35 and $8.75.
It’s a slim double-beat-and-raise … however a double-beat-and-raise all the identical.
Now, you may suppose: “Say, who eats that a lot jelly apart from kindergartners, hmm? Shut-ins and recluses? Backwoods sheriff companies? Cursed orchid keepers?”
All I’m saying is there’s way more to Smucker than simply jams. Owls and preservative pushers are virtually by no means what they appear, in any case…
The jelly good fellow additionally owns manufacturers like Jif peanut butter, Milk♥Bone canine treats … and baggage of that candy, candy, bean-based ambrosia.
The true deal about Smucker, to me anyway, is that it owns packaged-coffee manufacturers like Folgers, Dunkin Donuts’, Café Bustelo, Pilon and Medaglia D’oro.
Throw in some Keurig-Inexperienced Mountain Espresso partnership motion for these “I actually simply need to press one button” people, and Smucker is perhaps the espresso inventory you by no means knew you wanted! Starbucks who?
The corporate remains to be shaking from the overcaffeinated pleasure of its pandemic-propelled earnings. Right here’s CEO Mark Smucker himself:
Our complete enterprise advantages from people having stayed at dwelling and persevering with to remain at dwelling as we return to a brand new regular, the place people will in all probability work extra time from dwelling than away from dwelling or within the workplace. And that advantages as a result of our merchandise are consumed at breakfast and lunch primarily.
Clearly, somebody hasn’t found the pleasure of the two a.m. PB&J munchies.
So, extra folks at dwelling — working or in any other case — are one step nearer to the kitchen and a tad extra doubtless to offer into snackish temptation. Crunchy peanut butter off a spoon? “My log doesn’t decide…”
Smucker has sufficient manufacturers underneath its roof that when one product section lags, one other picks up steam. Final quarter, for example, client meals gross sales dropped 8% to $441.2 million, however espresso gross sales are up 8% to $645.1 million.
It’s espresso, you see, that’s the lifeblood of actually each subject of Nice Stuff you’ve ever learn.
And a few of us desire a extra caffeinated liquid lunch, together with the legions of distant employees who’ve grown accustomed to always brewing up new pots of espresso. All. Day. Lengthy.
Communal Keurig machine? No, thanks, good sir. We left these in 2020.
Latest research additionally discovered distant employees drink way more espresso than the in-office crowd: a mean of three.1 cups versus 2.5 cups on daily basis. Psssh, these are rookie numbers…
Mixed with Smucker’s report, it’s not simply us right here at Nice Stuff HQ who’ve gone via bundle after bundle of espresso all through the pandemic. And if I may get my caffeine through IV drip as a substitute, effectively, I’d be down on the patent workplace proper behind some lunatic with silent drape runners.
Whether or not you are taking your espresso black as midnight on a moonless night time or … effectively, the fallacious approach … Smucker guidelines the home-roasting roost.
And whereas the corporate isn’t fairly as — how do you say this politely — growthy as I’d desire my growthy firms, I love any CEO who calls an Uncrustables sandwich considered one of their “most vital development engines.”
Transfer over, Zoom Video. Who knew that Smucker was the true pandemic play all alongside?
SJM shares boiled up 6% after the report dropped, settling down 2% in right this moment’s buying and selling. And I believed I had extra jelly puns … however possibly it’s greatest to protect them.
Are any of you Nice Ones invested in SJM — or Twin Peaks? Do you will have one other solution to scratch your portfolio’s itch for espresso inventory picks?
Oh, and what’s your favourite type of jelly in a PB&J? My vote is blackberry … and positively not mint jelly. By no means once more will I make that mistake.
Share what you’re as much as lately: GreatStuffToday@BanyanHill.com.
Editor’s Word: Each Day, As soon as A Day, Give Your self A Current
Don’t plan it. Don’t anticipate it. Simply let it occur.
It may very well be a brand new shirt on the males’s retailer, a catnap in your workplace chair earlier than Nice Stuff reveals up, or two cups of excellent, sizzling, black espresso. Or some super-secret data out of your overcaffeinated buddies right here.
See, tech giants like Microsoft, Google, Amazon and Apple are additionally spending an unlimited quantity on this expertise. It’s not 5G, the Web of Issues, AI, electrical automobiles (EVs), autonomous driving … or different applied sciences you’ve been listening to about.
It’s one thing a lot greater. It’ll impression each side of your life. From the way you sleep, journey, work and even the standard of your meals and water.
Click on right here to search out out extra.
You owe it to your self right this moment.
In the end, it’s Wednesday, Nice Ones. However not simply any type of Wednesday — oh, nay nay!
‘Tis a special occasion crammed with last-minute vacation procuring, Black Friday cyberstalking and the scrumptious aroma of pumpkin pie wafting via the air vents … if pre-turkey prepping is your explicit cup of pu-erh tea.
However earlier than you escape the spandex and trek over to Aunt Sue’s home for dinner … adopted by a second serving to of supper … now we have one final activity to sq. away: right this moment’s ballot!
In case you missed our carpool karaoke final week, we took a scenic romp ‘around the EV area as soon as once more. Particularly, we wished to know if any of you Nice Ones had goofed and chased after Lucid Motors’ (Nasdaq: LCID) or Rivian’s (Nasdaq: RIVN) latest inventory rallies.
Let me simply say: Your solutions shocked the hell out of me. A whopping 85.3% of you mentioned you had much better issues to do than waste time chasing vehicles … er, rallies. It’s virtually such as you’ve been studying our rag on the reg — kudos!
5.9% of Nice Ones reported having Lucid desires currently, whereas one other 5.9% of you take into account yourselves actual Rivian ruffians. You’ll need to let me understand how every of these life decisions shake out…
Lastly, a mere 2.9% of you mentioned: “Why not purchase ‘em each?” I suppose if you happen to like dropping cash, that’s an environment friendly solution to do it! However sufficient of this EV chitter-chatter. On to larger and higher issues!
This week, we need to know your opinion on one factor and one factor solely: Ought to Elon Musk be in command of Earth’s planetary defenses?
Wait … what?
Oh, you learn that accurately. It appears our outdated pal Elon nonetheless cares about Earth in any case — and never simply colonizing Mars. Musk’s SpaceX is teaming up with NASA to launch Earth’s first-ever planetary protection mission, which entails taking pictures a rocket into an asteroid to vary its ahead trajectory.
Don’t fear, although — that asteroid isn’t headed towards Earth (at the least it wasn’t earlier than NASA began enjoying marbles with house rocks the dimensions of Egypt’s pyramids).
I actually, actually, actually don’t like seeing “Elon Musk” and “planetary protection” in the identical sentence … however I wanna hear your ideas on the matter. Am I simply paranoid, or is Elon solely defending Earth till his Mars colony is up and working?
Tell us within the ballot beneath:
Don’t see a solution you want? Make one up and ship it our approach!
We settle for all types of communication — messenger pigeon, paper planes, even strung-together solo cups — however GreatStuffToday@BanyanHill.com is the place you’ll be able to attain us greatest.
Within the meantime, right here’s the place yow will discover our different junk — erm, I imply the place you’ll be able to try some extra Greatness:
Till subsequent time, keep Nice!