Companies · SJM
J.M. Smucker
AI-generated · informational only · not investment advice · verify before relying.
Latest analysis
Updated Aug 26, 2026
Smucker Q1 FY2027: Tariff refund windfall reinvested into McCalla acceleration as Uncrustables guides to high-single-digit growth
J.M. Smucker used an $0.84 per share Q1 tariff refund to fund McCalla preproduction expenses, incremental marketing, and debt paydown, achieving its 3x leverage target one quarter ahead of plan. Uncrustables growth guidance was raised from mid-single to high-single digits on broad-based retail and Away From Home momentum, while coffee volume guidance remains deliberately conservative despite Q1 outperformance. Sweet Baked Snacks faces a first-half top-line headwind from C-store traffic weakness and SKU rationalization lapping, with full-year net sales guided down low-single digits.
Tone: mixedRevenue
$9.1B
SJM 10-K · FY 2026
Revenue FY2025
$8.7B
Founded
1897
Headquarters
Orrville, OH
Profile
SJM 10-K Item 1 · Jun 9, 2026The J. M. Smucker Company manufactures and markets branded food and beverage products across five reportable segments, with the majority of sales in the United States. The company's portfolio includes leading brands in coffee, peanut butter, fruit spreads, frozen handheld foods, sweet baked goods, and pet food. Operations outside the U.S. are principally in Canada.
Read filing description ↓ Collapse description ↑
At The J. M. Smucker Co., it is our privilege to make food people and pets love by offering a diverse family of brands available across North America. We are proud to lead in the coffee, peanut butter, fruit spreads, frozen handheld, sweet baked goods, dog snacks, and cat food categories by offering brands consumers trust for themselves and their families each day, including Folgers, Dunkin', Café Bustelo, Jif, Uncrustables, Smucker's, Hostess, Milk-Bone, and Meow Mix. Through our unwavering commitment to producing quality products, operating responsibly and ethically, and delivering on our Purpose, we will continue to grow our business while making a positive impact on society. We have five reportable segments: U.S. Retail Coffee, U.S. Retail Frozen Handheld and Spreads, U.S. Retail Pet Foods, Sweet Baked Snacks, and Away From Home. Products within our U.S. Retail reportable segments are primarily sold through a combination of direct sales and brokers to food retailers, club stores, discount and dollar stores, online retailers, pet specialty stores, drug stores, military commissaries, mass merchandisers, and distributors. The Sweet Baked Snacks reportable segment includes products distributed across all channels, both domestically and in foreign countries, such as supermarket chains, convenience stores, national mass retailers, discount and dollar stores, club stores, the vending channel, drug stores, and military commissaries. The Away From Home reportable segment includes the sale of all products domestically and in foreign countries through foodservice distributors and operators.
Primary products
- Coffee
- Frozen handheld products
- Sweet baked goods
- Pet snacks
- Peanut butter
- Cat food
Business segments
End markets
Geographies
Named customers
Sales to Walmart Inc. and subsidiaries, including Sam's Club, amounted to 34 percent of net sales in 2026 and 33 percent of net sales in both 2025 and 2024.
Named competitors
“Positive factors pertaining to our competitive position include well-recognized brands, high-quality products, consumer trust, experienced brand and category management, varied product offerings, product innovation, responsive customer service, and an integrated distribution network.” Competitive position, as stated in the filing
Revenue commentary · FY 2026
Net sales increased to $9.05 billion in fiscal 2026 from $8.73 billion in fiscal 2025, primarily reflecting the full-year impact of the Hostess Brands acquisition partially offset by the loss of net sales from divested businesses.
The rest of SJM is for subscribers
Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.