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Apr 30, 2025
Smucker Q4 2025 Earnings Report
Smucker reported a quarterly loss due to significant goodwill impairments, despite stable adjusted earnings and healthy free cash flow.
Key Takeaways
The J.M. Smucker Co. posted a Q4 net loss driven by $980M in impairment charges related to its Sweet Baked Snacks and Hostess brands. However, adjusted EPS reached $2.31 and free cash flow held steady. Revenue saw a modest decline, largely attributable to recent divestitures.
Q4 net loss of $729M due to large impairment charges.
Adjusted EPS came in at $2.31 despite headline losses.
Revenue fell 3% to $2.14B, partly due to divestitures.
Free cash flow remained strong at nearly $299M.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Smucker expects modest sales growth and stable free cash flow in FY26, despite input inflation and the expiration of some contract manufacturing.
Positive Outlook
- FY26 net sales expected to grow 2.0–4.0%
- Adjusted EPS guidance set at $8.50–$9.50
- Free cash flow projected at $875M
- Stable adjusted tax rate at ~23.7%
- Capital expenditures expected to be $325M
Challenges Ahead
- Impact from $134.7M in divestitures included in guidance
- Volume/mix expected to decline slightly
- Contract manufacturing revenue to drop $38M
- SD&A expenses to increase ~3%
- Ongoing input cost inflation and market volatility
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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