J M SMUCKER Co (SJM) Form 10-Q — Aug 26, 2026

$SJMForm 10-QFiled Aug 26, 2026, 4:16 PM ET0000091419-26-000080Original filing

J.M. Smucker's fiscal 2027 first quarter (three months ended July 31, 2026) showed net sales up 5% to $2,219.3 million and a swing to GAAP net income of $324.3 million, or $3.03 diluted EPS, from a $43.9 million loss a year earlier. Adjusted EPS jumped 71% to $3.24 from $1.90 and free cash flow swung to $337.3 million from a $94.9 million outflow, helped by roughly $115 million of IEEPA tariff refunds received during the quarter plus higher coffee pricing that added 4 points to sales. U.S.

Key figures

Eps: $3.03 diluted GAAP (vs $(0.41) prior year)
Revenue: $2,219.3 million
Net Income: $324.3 million (vs $(43.9) million loss prior year)
Total Debt: $6,737.8 million
Revenue Yoy: +5%
Total Assets: $16,203.2 million
Cash Position: $43.2 million
Adjusted Eps: $3.24 diluted (vs $1.90 prior year, +71%)
Gross Profit: $979.6 million (+106%, 44.1% of net sales)
Free Cash Flow: $337.3 million (vs $(94.9) million prior year)
Dividends Paid: $116.8 million
Segment Profit: ["U.S. Retail Coffee $300.0M (+124%)","U.S. Retail Frozen Handheld and Spreads $129.7M (+13%)","U.S. Retail Pet Foods $98.9M (-2%)","Sweet Baked Snacks $29.9M (-13%)","Away From Home $61.2M (+19%)","Other/International $19.3M (+37%)"]
Tariff Refunds: ~$115.0 million IEEPA refunds recognized in cost of products sold plus ~$4.0 million related interest income
Operating Income: $511.6 million (vs $45.6 million prior year)
Segment Net Sales: ["U.S. Retail Coffee $807.8M (+13%)","U.S. Retail Frozen Handheld and Spreads $499.3M (+3%)","U.S. Retail Pet Foods $371.7M (+1%)","Sweet Baked Snacks $236.5M (-7%)","Away From Home $203.7M (+3%)","Other/International $100.3M (+9%)"]
Operating Cash Flow: $425.7 million (vs $(10.6) million prior year)
Shares Outstanding: 106.8 million
Interest Expense Net: $82.3 million (-18% YoY)
Adjusted Gross Profit: $950.2 million (+28%)
Adjusted Operating Income: $540.7 million (+46%)
Effective Tax Rate Guidance: ~24.3% for full-year fiscal 2027
Dividends Declared Per Share: $1.12 (vs $1.10 prior year)
Commercial Paper Outstanding: $193.5 million at weighted-average rate of 4.00%
Supplier Financing Program Outstanding: $336.1 million

Price after filing

1 day: +4.3%7 days: +4.8%30 days: -3.5%

Close on the filing date to close N calendar days later (from $125.45). Historical, not a forecast.

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