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JM Smucker Company (The) Earnings Calls
| Release date | Jun 09, 2026 |
| EPS estimate | $2.64 |
| EPS actual | $2.77 |
| EPS Surprise | 4.92% |
| Revenue estimate | 2.258B |
| Revenue actual | 2.268B |
| Revenue Surprise | 0.463% |
| Release date | Feb 26, 2026 |
| EPS estimate | $2.27 |
| EPS actual | $2.38 |
| EPS Surprise | 4.85% |
| Revenue estimate | 2.323B |
| Revenue actual | 2.339B |
| Revenue Surprise | 0.715% |
| Release date | Nov 25, 2025 |
| EPS estimate | $2.10 |
| EPS actual | $2.10 |
| Revenue estimate | 2.32B |
| Revenue actual | 2.33B |
| Revenue Surprise | 0.435% |
| Release date | Aug 27, 2025 |
| EPS estimate | $1.93 |
| EPS actual | $1.90 |
| EPS Surprise | -1.55% |
| Revenue estimate | 2.116B |
| Revenue actual | 2.113B |
| Revenue Surprise | -0.142% |
Last 4 Quarters for JM Smucker Company (The)
Below you can see how SJM performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 27, 2025 |
| Price on release | $105.67 |
| EPS estimate | $1.93 |
| EPS actual | $1.90 |
| EPS surprise | -1.55% |
| Date | Price |
|---|---|
| Aug 21, 2025 | $112.96 |
| Aug 22, 2025 | $113.20 |
| Aug 25, 2025 | $111.55 |
| Aug 26, 2025 | $110.58 |
| Aug 27, 2025 | $105.67 |
| Aug 28, 2025 | $106.72 |
| Aug 29, 2025 | $110.51 |
| Sep 02, 2025 | $109.35 |
| Sep 03, 2025 | $112.05 |
| 4 days before | -6.45% |
| 4 days after | 6.04% |
| On release day | 0.99% |
| Change in period | -0.81% |
| Release date | Nov 25, 2025 |
| Price on release | $100.38 |
| EPS estimate | $2.10 |
| EPS actual | $2.10 |
| Date | Price |
|---|---|
| Nov 19, 2025 | $104.69 |
| Nov 20, 2025 | $103.75 |
| Nov 21, 2025 | $105.54 |
| Nov 24, 2025 | $104.27 |
| Nov 25, 2025 | $100.38 |
| Nov 26, 2025 | $103.18 |
| Nov 28, 2025 | $104.18 |
| Dec 01, 2025 | $103.09 |
| Dec 02, 2025 | $101.00 |
| 4 days before | -4.12% |
| 4 days after | 0.618% |
| On release day | 2.79% |
| Change in period | -3.52% |
| Release date | Feb 26, 2026 |
| Price on release | $116.00 |
| EPS estimate | $2.27 |
| EPS actual | $2.38 |
| EPS surprise | 4.85% |
| Date | Price |
|---|---|
| Feb 20, 2026 | $110.38 |
| Feb 23, 2026 | $111.00 |
| Feb 24, 2026 | $109.35 |
| Feb 25, 2026 | $106.60 |
| Feb 26, 2026 | $116.00 |
| Feb 27, 2026 | $115.95 |
| Mar 02, 2026 | $114.68 |
| Mar 03, 2026 | $112.35 |
| Mar 04, 2026 | $114.73 |
| 4 days before | 5.09% |
| 4 days after | -1.09% |
| On release day | -0.0431% |
| Change in period | 3.94% |
| Release date | Jun 09, 2026 |
| Price on release | $112.39 |
| EPS estimate | $2.64 |
| EPS actual | $2.77 |
| EPS surprise | 4.92% |
| Date | Price |
|---|---|
| Jun 03, 2026 | $101.27 |
| Jun 04, 2026 | $101.12 |
| Jun 05, 2026 | $103.54 |
| Jun 08, 2026 | $101.77 |
| Jun 09, 2026 | $112.39 |
| Jun 10, 2026 | $117.05 |
| Jun 11, 2026 | $116.83 |
| Jun 12, 2026 | $116.49 |
| 4 days before | 10.98% |
| 4 days after | 3.65% |
| On release day | 4.15% |
| Change in period | 15.03% |
JM Smucker Company (The) Earnings Call Transcript Summary of Q2 2026
Key points for investors:
- Top-line: Reported net sales midpoint implies ~4% reported growth (≈5.5% on a comparable basis after adjusting for divestitures/FX), with momentum expected to continue into Q3 and Q4. Coffee is the primary driver of near-term growth.
- Coffee & tariffs: Management will absorb approximately $75 million of green coffee tariff-related costs in FY2026 (primarily hitting Q3), which pressured margins and the decision not to take an additional US retail coffee price increase. The removal of tariffs is expected to be a fiscal 2027 tailwind to earnings. Coffee outlook: ~16% FY growth (≈22% pricing, -6% volume/mix); Q2 coffee segment margin was 18.2%, modest improvement expected in Q3 and >20% in Q4 (not at 25%).
- Segment details:
- Sweet Baked Snacks/Hostess: Sequential stabilization and share gains (improved c-store performance), SKU rationalization (25% initial target, with remaining actions completing into Q3), Indianapolis bakery closure to be complete by Q4 and expected to yield ~$30M annual run-rate savings (≈$10M benefit in FY26 Q4). Q3 expected flat to slightly down; Q4 low-single-digit growth.
- Pet: Milk-Bone showing signs of recovery with marketing (‘More Dog’), peanut-buttery innovation success, and another Jif collaboration planned post-calendar-year-start; pet expected to deliver low-single-digit growth in Q3 and Q4.
- Frozen handhelds & spreads (Uncrustables/Jif): Uncrustables remains on track to be a ~$1B brand by year-end with accelerating growth in back half (low double-digit expected), but spreads (peanut butter) faced tough comparisons and are pressuring the segment; the company lowered full-year sales expectation for the combined segment by ~ $80M.
- SG&A & marketing: Company sharpened discretionary SG&A but will still increase absolute marketing dollars year-over-year (~5.5% of net sales), prioritizing investments behind growth brands.
- Cash/deleveraging: FY26 free cash flow target of $975M, planned ~$500M debt paydown in FY26 and an additional ~$500M expected in FY27, with leverage (net debt/EBITDA) targeted to move from ~4x toward ~3x in FY27.
- Management view: Strategy execution, targeted SKU/network actions, and innovation/marketing are driving improving trends; company expects to deliver FY26 outlook and sees FY27 as benefiting from tariff relief and stabilizing commodity environment.
Investment implications: Near-term earnings and margins are being impacted by the decision not to pass through additional winter pricing in US retail coffee (absorbing ~$75M in FY26), but tariff removal provides a material FY27 tailwind. Core growth brands (coffee, Uncrustables, pet) and operational actions (bakery consolidation) offer a path to margin recovery and deleveraging over the next 12–18 months.
