The J.M. Smucker Company
101.21-3.63 (-3.46%)
Oct 29, 4:00:02 PM EDT · NYSE · SJM · USD
Key Stats
Market Cap
10.80BP/E (TTM)
-Basic EPS (TTM)
-13.72Dividend Yield
0.04%Recent Filings
10-Q
Q1 FY2026 results
J.M. Smucker posted Q1 FY2026 net sales of $2,113.3 million, down 1% year-over-year yet up 2% excluding divestitures, fueled by 6% net price gains in coffee offset by softer volumes in dog snacks and snack cakes. Gross margin slipped to 22.5% from 37.5%, hammered by $253.1 million in unfavorable derivative marks on commodities, while operating income tumbled 87% to $45.6 million; net loss hit $43.9 million or $(0.41) per diluted share on 106.6 million shares, with the loss mainly from those derivatives and steady $100.2 million interest expense. Cash dipped to $39.3 million amid $10.6 million operating outflow and $84.3 million capex, but $2.0 billion revolver stands fully available against $7,989.9 million total debt, including a 5.44% term loan due 2027. Restructuring the Indianapolis Hostess plant eyes $75 million in costs through 2026 for Sweet Baked Snacks efficiency. Non-GAAP adjusted EPS came in at $1.90, fully reconciled in the 10-Q. Class-action suits over Folgers serving claims linger unresolved.
8-K
Q1 results beat expectations
The J.M. Smucker Company reported fiscal 2026 first-quarter net sales of $2.1 billion, down 1% from last year due to divestitures of Voortman and Sweet Baked Snacks brands, yet comparable sales rose 2% on stronger coffee pricing. Adjusted EPS fell 22% to $1.90 amid higher commodity costs and volume declines in pet foods and spreads, but operating agility drove better-than-expected results. Momentum persists. The company raised full-year net sales guidance to 3.0%-5.0% growth, while noting risks from tariffs and inflation.
8-K
Shareholder meeting outcomes
The J. M. Smucker Company held its annual shareholder meeting on August 13, 2025, with 89.9 million shares represented, forming a quorum. Shareholders elected nine directors, including Mark T. Smucker who faced notable opposition with 6.3 million votes against, yet secured his seat. They ratified Ernst & Young as auditors for fiscal 2026 and approved executive pay on an advisory basis. Strong support signals board continuity amid family governance tensions.
10-K
FY2025 results
The J. M. Smucker Company reported FY2025 net sales of $8.7 billion, up 7% from $8.2 billion in FY2024, driven by the Hostess Brands acquisition, though organic sales were flat. Gross profit rose 9% to $3.4 billion (38.8% margin), aided by pricing gains, but operating loss was $674 million due to $1.7 billion in goodwill and $321 million in intangible impairments for the Sweet Baked Snacks segment. Net loss was $1.2 billion ($11.57 per share), contrasting FY2024's $744 million profit ($7.13 per share), primarily from impairments. Adjusted earnings per share were $10.12, up 2%. Cash flow from operations was $1.2 billion, with free cash flow at $817 million. Total debt decreased to $7.7 billion from $8.4 billion, and shareholders' equity fell to $6.1 billion from $7.7 billion. The Sweet Baked Snacks segment faced challenges, leading to impairments, while U.S. Retail Coffee and Pet Foods showed growth. The company anticipates ongoing inflation and supply chain issues into FY2026.
8-K
Q4 results with impairments
The J.M. Smucker Co. reported Q4 fiscal 2025 net sales of $2.1 billion, down 3% from prior year, with adjusted EPS falling 13% to $2.31 amid $980 million in noncash impairments on Sweet Baked Snacks goodwill and Hostess brand. Full-year adjusted EPS rose 2% to $10.12, bolstered by coffee pricing gains, yet pet foods and baked snacks volumes sagged. Fiscal 2026 guidance projects 2-4% sales growth and $8.50-$9.50 adjusted EPS. Impairments signal integration hurdles.
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