The earnings call highlighted significant innovations and growth in key brands like Uncrustables and Café Bustelo, alongside strong free cash flow and debt reduction efforts. However, these positives were overshadowed by substantial challenges in the Sweet Baked Snacks segment, large impairment charges, and struggles within the Pet Foods segment, indicating a mixed but leaning negative performance overall.

Company Guidance -

Q4 2025

During the J.M. Smucker Company's fiscal 2025 fourth-quarter earnings call, guidance for fiscal year 2026 was provided with an emphasis on key metrics and strategic priorities. The company expects net sales to increase by 2% to 4%, with a comparable net sales growth of 4.5% at the midpoint. Key growth platforms, such as Uncrustables, Café Bustelo, Meow Mix, and Milk-Bone brands, are anticipated to experience volume/mix growth, although overall company volume/mix is expected to decline due to price elasticity of demand in the coffee segment and challenges in the Sweet Baked Snacks segment. Adjusted earnings per share are projected to range from $8.50 to $9.50, with anticipated headwinds from coffee elasticity, increased marketing investments, tariffs, and challenges in the Sweet Baked Snacks segment. The company also plans to generate approximately $875 million in free cash flow, with capital expenditures of $325 million. Cost and productivity savings, along with synergies from the Hostess acquisition, are expected to benefit the business, while a continued focus on debt reduction is projected to lower the leverage ratio to at or below 3x net debt to adjusted EBITDA by fiscal year 2027.

Record Innovation Sales

Innovation brought over $100 million in net sales from new products in their first year of launch, marking one of the most successful years of innovation in recent history.

Uncrustables Brand Growth

Uncrustables achieved its 11th consecutive fiscal year of double-digit growth, with net sales increasing by over $125 million to approximately $920 million.

Café Bustelo Brand Expansion

Café Bustelo grew net sales by 19% in the U.S. Retail Coffee portfolio, ending fiscal 2025 with approximately $400 million in net sales.

Transformation Office Success

The Transformation Office delivered cost and productivity benefits, with synergies from the Hostess acquisition reaching approximately $75 million, exceeding expectations.

Free Cash Flow Increase

Full year free cash flow was $817 million, an increase of $174 million compared to the previous year.

Debt Reduction and Dividend Growth

Approximately $455 million returned to shareholders through dividends, with a 2% increase in the quarterly dividend, marking 23 consecutive fiscal years of growth. The company plans to pay down $500 million of debt annually over the next two years.

JM Smucker (SJM) Earnings, Revenues Date & History

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SJM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 02, 2025	2026 (Q1)	1.88 / -	2.44	―	―	―
Jun 10, 2025	2025 (Q4)	2.24 / 2.31	2.66	-13.16% (-0.35)
Feb 27, 2025	2025 (Q3)	2.37 / 2.61	2.48	5.24% (+0.13)	―
Nov 26, 2024	2025 (Q2)	2.51 / 2.76	2.59	6.56% (+0.17)	―
Aug 28, 2024	2025 (Q1)	2.17 / 2.44	2.21	10.41% (+0.23)	―
Jun 06, 2024	2024 (Q4)	2.35 / 2.66	2.64	0.76% (+0.02)
Feb 27, 2024	2024 (Q3)	2.27 / 2.48	2.21	12.22% (+0.27)
Dec 05, 2023	2024 (Q2)	2.47 / 2.59	2.4	7.92% (+0.19)
Aug 29, 2023	2024 (Q1)	2.02 / 2.21	1.67	32.34% (+0.54)
Jun 06, 2023	2023 (Q4)	2.41 / 2.64	2.23	18.39% (+0.41)

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
Jun 10, 2025	$111.85	$94.41	-15.59%
Feb 27, 2025	$108.11	$108.09	-0.02%
Nov 26, 2024	$111.38	$117.72	+5.69%
Aug 28, 2024	$117.16	$111.37	-4.94%

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.