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SJM

The J. M. Smucker Company

SJM

The J. M. Smucker Company • NYSE
$104.18 ▲ 0.97% (+1.00)
Market Cap $11.12 B
52w High $121.48
52w Low $93.30
Dividend Yield 4.36%
P/E -9.28
Volume 1.12M
Outstanding Shares 106.69M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $2.33B ▲ $398.2M ▼ $241.3M ▲ 10.356% ▲ $2.26 ▲ $557.1M ▲
Q1-2026 $2.113B ▼ $429.1M ▼ $-43.9M ▲ -2.077% ▲ $-0.41 ▲ $178.9M ▲
Q4-2025 $2.144B ▼ $1.422B ▼ $-729M ▼ -34.005% ▼ $-6.85 ▼ $-479.5M ▼
Q3-2025 $2.186B ▼ $1.472B ▲ $-662.3M ▼ -30.297% ▼ $-6.22 ▼ $-445M ▼
Q2-2025 $2.271B $716.4M $-24.5M -1.079% $-0.23 $293.5M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $62.8M ▲ $17.628B ▼ $11.568B ▼ $6.06B ▲
Q1-2026 $39.3M ▼ $17.742B ▲ $11.816B ▲ $5.926B ▼
Q4-2025 $69.9M ▲ $17.563B ▼ $11.481B ▼ $6.083B ▼
Q3-2025 $47.2M ▼ $18.426B ▼ $11.518B ▼ $6.907B ▼
Q2-2025 $49.2M $20.02B $12.387B $7.633B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $241.3M ▲ $346.5M ▲ $7.9M ▲ $-329.7M ▼ $23.5M ▲ $280.2M ▲
Q1-2026 $-43.9M ▲ $-10.6M ▼ $-197.9M ▼ $178M ▲ $-30.6M ▼ $-94.9M ▼
Q4-2025 $-729M ▼ $393.9M ▲ $-81.8M ▼ $-292.1M ▲ $22.7M ▲ $298.9M ▲
Q3-2025 $-662.3M ▼ $239.4M ▼ $207.2M ▲ $-446.9M ▼ $-2M ▼ $151.3M ▼
Q2-2025 $-24.5M $404.2M $-53.3M $-340.7M $9.7M $317.2M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
International and Away From Home
International and Away From Home
 $270.00M ▲$320.00M ▲$300.00M ▼$310.00M ▲
Sweet Baked Snacks
Sweet Baked Snacks
 $330.00M ▲$320.00M ▼$280.00M ▼$250.00M ▼
US Retail Coffee
US Retail Coffee
 $620.00M ▲$700.00M ▲$740.00M ▲$740.00M ▲
US Retail Consumer Foods
US Retail Consumer Foods
 $500.00M ▲$490.00M ▼$450.00M ▼$450.00M ▲
US Retail Pet Foods
US Retail Pet Foods
 $400.00M ▲$450.00M ▲$420.00M ▼$400.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has been fairly steady over the last several years, inching up rather than surging, which is typical for a mature packaged‑foods company. Profitability at the gross margin level has improved after a period of cost pressure, suggesting Smucker has been able to pass through some inflation and manage its supply chain better. The main negative is volatility in reported earnings: the most recent year shows a headline loss and negative operating income, which likely reflects one‑time charges tied to acquisitions and restructuring rather than a collapse in the underlying business. Stripping out those unusual items, the pattern points to a fundamentally profitable company with choppy bottom‑line results when large deals or write‑downs occur.

Balance Sheet

Balance Sheet The balance sheet has grown with acquisitions, especially after adding Hostess, but that growth has come with meaningfully higher debt and a very thin cash balance. Smucker now relies more heavily on its ability to consistently generate cash and maintain access to credit markets. Shareholders’ equity remains sizeable, which provides a buffer, but it has slipped recently as losses and deal accounting have flowed through. Overall, the company looks solid but more leveraged than in the past, which raises sensitivity to interest costs and to any prolonged downturn in performance.

Cash Flow

Cash Flow Cash generation is a relative bright spot. Operating cash flow has been consistently positive and fairly stable across the period, even in years when reported earnings dipped or turned negative. Free cash flow has remained positive after capital spending, though it is not expanding dramatically and has been pressured by heavier investment in new facilities and capacity. That spending supports future growth (for example, in Uncrustables) but temporarily reduces excess cash. With little cash on hand, disciplined capital allocation—how much goes to debt reduction, dividends, and further investment—remains an important watch point.

Competitive Edge

Competitive Edge Smucker’s strength lies in a portfolio of well‑known, trusted brands across spreads, peanut butter, coffee, pet snacks, and now sweet baked goods. In several of these categories it holds leading market positions, which helps secure shelf space and consumer loyalty. Its business is also naturally defensive—people keep buying these products even in weaker economies. On the other hand, many of its categories are crowded and price‑sensitive, with strong retailer bargaining power and active private‑label competition. Coffee and some shelf‑stable foods in particular can feel more like commodities. The Hostess acquisition deepens its presence in snacking but also adds integration and brand‑rejuvenation risk. Overall, this looks like a strong but not unassailable competitive position, with scale and brands as the main shields.

Innovation and R&D

Innovation and R&D Innovation is increasingly central to Smucker’s strategy. The standout is Uncrustables, which combines proprietary manufacturing technology, large‑scale automated plants, and a dedicated R&D center to keep expanding formats and flavors. This is more than a single product; it’s become a growth platform that differentiates Smucker from many peers. The company is also leaning into data and artificial intelligence to understand consumer behavior, speed up product launches, and improve factory efficiency. Beyond that, it is pushing into snacking and pet treats, cleaning up ingredient lists, and using partnerships and venture investments to tap external ideas in areas like healthier snacks and new processes. The key question is execution: turning smart ideas and tech capabilities into sustained, mass‑market successes across multiple brands, not just one flagship line.

Summary

Smucker today looks like a mature food company using a mix of iconic brands and targeted innovation to stay relevant and grow. The top line is steady rather than fast‑growing, margins have been recovering after inflationary pressure, and cash flow is reliably positive. At the same time, recent results show that big acquisitions and restructuring can make earnings volatile and have left the company more indebted with less cash on the balance sheet. Strategically, its moat comes from brand strength, category leadership, and scale, while newer growth engines like Uncrustables, Hostess snacks, and pet treats aim to offset slower legacy segments. The main things to monitor going forward are: how well Smucker digests its acquisitions, whether margins continue to normalize, how quickly it brings debt back down, and whether its innovation and data efforts translate into durable, broad‑based growth rather than just isolated wins.

NEWS

November 25, 2025 · 7:00 AM UTC

The J.M. Smucker Co. Announces Fiscal 2026 Second Quarter Results

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November 4, 2025 · 8:30 AM UTC

The J.M. Smucker Co. to Report Second Quarter Earnings

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October 23, 2025 · 4:30 PM UTC

The J.M. Smucker Co. Declares Dividend

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October 15, 2025 · 5:09 PM UTC

J.M. SMUCKER REMINDER: Bragar Eagel & Squire, P.C. Reminds Smucker Investors to Contact the Firm Regarding the Ongoing Investigation on Behalf of Stockholders

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October 3, 2025 · 7:24 AM UTC

J.M. SMUCKER (SJM) ALERT: Bragar Eagel & Squire, P.C. Reminds Investors of the Investigation into J.M.

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