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JM Smucker (SJM)
NYSE:SJM
Earnings Data
Report Date
Jun 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
2.67Last Year’s EPS
2.31Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture. Strength in coffee, Uncrustables and pet (including solid innovation and distribution gains) and constructive engagement on governance and capital allocation were clear positives and supported confidence in the company’s strategy and the fiscal-year EPS midpoint. However, meaningful near-term headwinds in Sweet Baked Snacks — including sales declines, higher-than-expected bakery costs, a plant fire disruption, and a reset to lower long-term growth assumptions that triggered Hostess trademark amortization — are significant negatives that mute overall momentum. Management believes coffee and operational actions will drive margin recovery, but uncertainty remains around the timing and magnitude of recovery in Sweet Baked Snacks.Company Guidance
Constructive Engagement with Activist Investor and Board Strengthening
Recent engagement with Elliott described as very constructive; management and Elliott aligned on operating improvements, portfolio management, disciplined capital allocation and governance. Two recent Board additions (Bruce Chung and David Singer) expected to strengthen financial oversight and capital-allocation capabilities.
Coffee Portfolio Performing Well with Margin Improvement Expected
Management reiterated a positive outlook for coffee, citing brand strength and category resilience. They expect coffee deflation to benefit both absolute profit dollars and margin percentages, and are targeting a mid-20s% segment profit margin in fiscal Q4. Hedging provides flexibility; elasticities came in better than anticipated in Q3.
Tariff Headwind Lapped Next Year (Benefit to Future Profitability)
Company identified a $75 million unmitigated tariff impact in the current fiscal year that will be lapped next fiscal year, effectively allowing an add-back to exit segment profit when comparing year-over-year results.
Uncrustables Growth and Distribution Expansion
Uncrustables total-company sales up ~10% (retail ~6%), C-store sales tripled recently, and the brand added approximately 3.5 million new households. Distribution gains in Away From Home and C-store channels support continued growth toward the $1 billion revenue target.
Pet Segment Strength and Innovation
Pet business performed well: Meow Mix delivered ~5% top-line growth for the quarter; Milk-Bone resumed growth supported by base biscuits; new innovations (e.g., Gravy Bursts, Peanut Buttery Bites) are performing strongly and supporting both premium and value segments.
Maintained Full-Year EPS Guidance and Confidence in Midpoint
Company maintained fiscal-year EPS guidance and expressed confidence in achieving the $9 midpoint. Management cited coffee upside as the primary source of potential EPS outperformance.
SG&A Discipline Yielding Savings
Management expects SG&A to be flat to slightly down for the year, attributing this to efficiencies and prudent management of spend that supported EPS overdelivery in the quarter.
Capital Allocation Flexibility as Leverage Falls
Company reaffirmed historical framework for use of divestiture proceeds (debt paydown or share repurchase). Management noted the plan to reach <=3x leverage by the end of next fiscal year, which would enable consideration of share repurchases again.
SJM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SJM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $106.60 | $116.00 | +8.82% |
Nov 25, 2025 | $103.24 | $99.39 | -3.73% |
Aug 27, 2025 | $108.39 | $103.58 | -4.44% |
Jun 10, 2025 | $108.56 | $91.63 | -15.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does JM Smucker (SJM) report earnings?
JM Smucker (SJM) is schdueled to report earning on Jun 04, 2026, Before Open (Confirmed).
What is JM Smucker (SJM) earnings time?
JM Smucker (SJM) earnings time is at Jun 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SJM EPS forecast?
SJM EPS forecast for the fiscal quarter 2026 (Q4) is 2.67.
