Earnings summaries and quarterly performance for J M SMUCKER.
Executive leadership at J M SMUCKER.
Board of directors at J M SMUCKER.
Research analysts who have asked questions during J M SMUCKER earnings calls.
Alexia Howard
AllianceBernstein
10 questions for SJM
Also covers: BRBR, BYND, CAG +10 more
Andrew Lazar
Barclays PLC
10 questions for SJM
Also covers: BGS, BRBR, CAG +15 more
Robert Moskow
TD Cowen
10 questions for SJM
Also covers: BGS, BRBR, BYND +28 more
Peter Galbo
Bank of America
8 questions for SJM
Also covers: CAG, CL, CPB +23 more
Scott Marks
Jefferies
8 questions for SJM
Also covers: BGS, CAG, FLO +14 more
TP
Thomas Palmer
Citigroup Inc.
7 questions for SJM
Also covers: ADM, BG, BRBR +14 more
Max Gumport
BNP Paribas
6 questions for SJM
Also covers: CAG, FLO, GIS +10 more
Megan Clapp
Morgan Stanley
6 questions for SJM
Also covers: BRBR, CAG, CPB +14 more
Christopher Carey
Wells Fargo & Company
5 questions for SJM
Also covers: CAG, CHD, CL +21 more
KG
Kenneth Goldman
JPMorgan Chase & Co.
5 questions for SJM
Also covers: ACI, BRBR, BYND +17 more
Max Andrew Gumport
BNP Paribas
4 questions for SJM
Also covers: CAG, FLO, GIS +8 more
PG
Peter Grom
UBS Group
4 questions for SJM
Also covers: BRBR, CELH, CHD +26 more
Steve Powers
Deutsche Bank
3 questions for SJM
Also covers: BRBR, CHD, CL +23 more
TP
Tom Palmer
JPMorgan Chase & Co.
3 questions for SJM
Also covers: ACI, ADM, BG +11 more
Chris Carey
Wells Fargo Securities
2 questions for SJM
Also covers: CAG, CHD, CL +17 more
Matthew Smith
Analyst
2 questions for SJM
Also covers: BRBR, E, GIS +14 more
Matt Smith
Bank of America
2 questions for SJM
Also covers: BRBR, GIS, HAIN +8 more
PG
Peter Graham
UBS
2 questions for SJM
Also covers: HSY, PG
Robert Dickerson
Jefferies
2 questions for SJM
Also covers: BGS, JJSF, K +11 more
Stephen Robert Powers
Deutsche Bank
2 questions for SJM
Also covers: BRBR, CHD, CL +20 more
YD
Yasmine Deswandhy
Bank of America Corporation
2 questions for SJM
Also covers: BRBR, CAG, HRL
Recent press releases and 8-K filings for SJM.
J M Smucker reports Q3 2026 earnings call highlights
SJM
Earnings
Guidance Update
Board Change
- Smucker described its recent engagement with Elliott Management as “very constructive,” with alignment on portfolio optimization, cost discipline, organic growth and governance improvements, including adding Bruce Chung and David Singer to the board.
- The Sweet Baked Snacks segment saw a 4.2% organic sales decline in Q3, driven by category headwinds, a plant fire in Emporia and the Indianapolis plant closure; management is targeting a 2% growth trajectory and expects sequential profit improvement in Q4 FY26.
- The Coffee segment outlook is positive with green-coffee cost deflation and lapping of tariffs; Smucker anticipates a mid-20s% segment profit margin in Q4 FY26 and reports no unusual retail inventory dynamics.
- Pet Foods delivered 5% top-line growth in Meow Mix, a Milk-Bone turnaround via new platforms and premiumization trends, while Pup-Peroni remains soft due to competition and is being refreshed.
- Full-year FY26 EPS guidance remains at a $9 midpoint, supported by SD&A efficiencies (flat to down spend) and will include $210 million of new Hostess trademark amortization.
1 day ago
J. M. Smucker reports Q3 2026 results
SJM
Earnings
Guidance Update
- Net sales increased 7% to $2.339 billion, with comparable net sales up 8%
- Adjusted EPS decreased 9% to $2.38, while reported net loss per diluted share was $6.79
- Free cash flow was $487.0 million, up from $151.3 million a year ago, supported by $558.5 million of operating cash flow
- Fiscal 2026 guidance updated to 3.5%–4.0% net sales growth, $8.75–$9.25 adjusted EPS, and $975 million free cash flow
1 day ago
J.M. Smucker addresses Q3 2026 performance and outlook
SJM
Board Change
Guidance Update
Accounting Changes
- Engagement with activist Elliott Management has been constructive, focusing on operating improvements, portfolio management, disciplined capital allocation, and governance enhancements, including the appointments of Bruce Chung and David Singer to the board.
- Hostess sweet baked snacks segment is undergoing stabilization with 2% long-term growth assumptions, SKU rationalization, and operational improvements; a recent plant closure and fire have pressured performance, and the company will commence amortizing the Hostess trademark, adding $210 million of amortization in Q4.
- Coffee business outlook is positive, leveraging green coffee cost deflation and lapping a $75 million tariff headwind, with a target of mid-20s% segment profit margin in Q4 and anticipated margin improvement in FY27.
- Pet segment delivered strong growth, with Meow Mix up 5% and Milk-Bone returning to growth driven by base biscuits and new innovations (Gravy Bursts, Peanut Buttery Bites), while Pup-Peroni remains soft.
- The company maintains its full-year EPS guidance midpoint at $9.00, expecting any upside to arise from coffee and projecting SG&A expenses to be flat to slightly down due to cost efficiencies.
1 day ago
J.M. Smucker details Q3 fiscal 2026 segment outlook and activist engagement
SJM
Earnings
Board Change
Guidance Update
- Constructive engagement with Elliott Management: discussions align on operating improvements, organic growth, disciplined capital allocation and governance enhancements with board additions of Bruce Chung and David Singer.
- Sweet baked snacks segment down ~4.2% in Q3, focusing on Hostess stabilization via SKU rationalization, operational improvements and prudent investment; Q4 will face softness from category trends and an Emporia plant fire.
- Coffee segment margin poised to improve, benefiting from green coffee cost deflation and lapping of $75 million in tariffs, targeting a mid-20% segment profit margin in Q4 FY2026.
- Key growth drivers include Uncrustables (10% growth, 3.5 million new households, expanded away-from-home and convenience distribution) and pet (Meow Mix +5% growth, Milk-Bone and Gravy Bursts innovation offsetting Pup-Peroni softness).
1 day ago
Smucker adds two directors after Elliott pact
SJM
Board Change
- Smucker will add Woo-Sung Chung (NRG Energy EVP & CFO) and David Singer (former Snyder’s-Lance CEO) to its board effective April 15, under an information-sharing agreement with activist Elliott Investment Management.
- The board will expand to 11 members, 10 independent, as part of a refresh to leverage the new directors’ finance and branded-food expertise for strategy and capital allocation.
- Elliott, which manages $79.8 billion in assets and holds a $4 billion PepsiCo stake, engaged constructively to help drive sustainable value at Smucker.
- In its latest quarter, Smucker reported net sales up 7% to $2.34 billion, adjusted EPS of $2.38 (vs $2.27 consensus) and an 8% improvement in operating losses, though it lowered its full-year net-sales guidance midpoint after a plant fire.
1 day ago
J.M. Smucker announces fiscal 2026 third quarter results
SJM
Earnings
Guidance Update
- Q3 net sales of $2.339 billion, up 7% versus prior year; comparable net sales rose 8% excluding divestitures and foreign currency impacts.
- GAAP net loss per diluted share of $6.79 reflecting noncash impairment charges; adjusted EPS was $2.38, down 9% year-over-year.
- Cash provided by operations of $558.5 million and free cash flow of $487.0 million, compared to $239.4 million and $151.3 million, respectively, in the prior year.
- Updated fiscal 2026 guidance: net sales growth of 3.5–4.0%, adjusted EPS of $8.75–9.25, and free cash flow of $975 million.
1 day ago
J M Smucker reports Q3 2026 results
SJM
Earnings
Guidance Update
Accounting Changes
- Delivered net sales growth of 8% (9% excluding divested pet contract manufacturing) and adjusted EPS of $2.38, a 9% decline versus prior year.
- U.S. Retail Coffee net sales +23% (segment profit –5%); U.S. Retail Frozen Handheld & Spreads net sales +2% (profit +4%); U.S. Retail Pet Foods net sales –1% (profit +4%); Sweet Baked Snacks net sales –11% (ex divestitures) with segment profit –78%.
- Incurred $508 million goodwill impairment and $454 million Hostess brand trademark impairment in Sweet Baked Snacks due to underperformance and revised growth assumptions.
- Maintained full-year guidance: net sales +3.5%–4%, comparable net sales ≈+5.25% at midpoint, adjusted EPS $8.75–$9.25, free cash flow ≈$975 million; Q4 net sales reduced by ~$25 million after Emporia plant fire.
1 day ago
J.M. Smucker reports Q3 2026 results
SJM
Earnings
Guidance Update
Board Change
- Delivered 7% net sales growth (comparable +8%) and adjusted EPS of $2.38, down 9% year-over-year.
- Recorded $508 million goodwill and $454 million trademark impairment charges in Sweet Baked Snacks, reflecting underperformance and revised long-term assumptions.
- Key platforms drove momentum: Uncrustables net sales +10% and Café Bustelo net sales +46%, with Milk-Bone and Meow Mix also posting volume and sales gains.
- Maintained full-year outlook of 3.5–4% net sales growth, $8.75–9.25 EPS, and $975 million free cash flow, while Q4 net sales face a $25 million headwind from a Kansas facility fire.
1 day ago
J.M. Smucker announces fiscal 2026 third quarter results
SJM
Earnings
Guidance Update
- Net sales of $2.34 billion, up 7% year-over-year (comparable net sales +8%), driven by price realization gains despite modest volume declines.
- GAAP net loss per diluted share of $(6.79), reflecting noncash impairment charges; adjusted EPS of $2.38, down 9% versus prior year.
- Cash provided by operations of $558.5 million and free cash flow of $487.0 million, more than doubling prior-year levels.
- Updated fiscal 2026 guidance: net sales growth of 3.5–4.0%, adjusted EPS of $8.75–$9.25, and free cash flow of $975 million.
1 day ago
Smucker reports Q3 2026 results
SJM
Earnings
Guidance Update
- Net sales rose 7% and comparable net sales grew 8%, while adjusted EPS was $2.38, down 9% year-over-year.
- Segment performance: U.S. Retail Coffee net sales +23%; Frozen Handheld & Spreads +2%; Pet Foods ‑1%; Sweet Baked Snacks net sales ‑19% versus prior year.
- Recognized $508 million goodwill impairment for Sweet Baked Snacks and $454 million impairment on the Hostess brand trademark reflecting revised long-term expectations.
- Generated $487 million of free cash flow in Q3 (vs. $151 million prior year), ended with $7.3 billion net debt (4.1× leverage); targeting $500 million annual debt paydown to reach ≤3× net debt/EBITDA by FY 2027.
- Maintained FY 2026 guidance: net sales +3.5–4%, comparable net sales +5.25%, adjusted EPS $8.75–$9.25, free cash flow ~$975 million, capital expenditures ~$325 million.
1 day ago
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