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Jul 31
Smucker Q1 2026 Earnings Report
Smucker posted a Q1 net loss driven by divestitures and cost pressures.
Key Takeaways
The J.M. Smucker Co. reported a net loss in Q1 FY26 due to higher commodity costs and the impact of recent divestitures, although revenue remained steady and adjusted EPS was positive.
Net loss of $43.9 million despite revenue exceeding $2.1 billion
Adjusted EPS came in at $1.90, indicating underlying profitability
Strong consumer demand led to growth in core brand sales
Operating income dropped sharply due to cost pressures and divestitures
Smucker
Smucker
Smucker Revenue by Segment
Smucker Revenue by Geographic Location
Revenue by Segment
U.S. Retail Coffee Revenue
CapyFin.comFrozen Handheld & Spreads Revenue
CapyFin.comU.S. Retail Pet Foods Revenue
CapyFin.comSweet Baked Snacks Revenue
CapyFin.comInternational & AFH Revenue
CapyFin.comRevenue by Geographic Location
Total Revenue
CapyFin.com Forward Guidance
Smucker raised its net sales growth forecast and maintained EPS guidance, driven by strong brand performance.
Positive Outlook
- Raised net sales growth to 3.0%–5.0%
- Maintained adjusted EPS guidance of $8.50–$9.50
- Forecasted $975 million in free cash flow
- Continued investment in growth platforms
- Increased net price realization expected
Challenges Ahead
- Ongoing input cost inflation pressures
- Expected volume/mix decline in sales
- Loss of contract manufacturing revenue post-divestiture
- Higher SD&A expenses projected
- Macroeconomic uncertainty and shifting consumer behavior
Revenue & Expenses
Visualization of income flow from segment revenue to net income