Company file · SJM
J.M. Smucker
J.M. Smucker's revenue rose 3.7% in FY2026, to $9.1B, and it posted a net loss of $139M (FY2025: net loss of $1.2B)
Revenue rose 3.7% to $9.1B in FY2026, from $8.7B in FY2025. It posted a net loss of $139M. United States was the largest region, at 95% of revenue.
Key facts
J.M. Smucker (NYSE: SJM) reported revenue of $9.1B for fiscal 2026, the year ended Apr 30, 2026, up 3.7% from fiscal 2025. Net income was −$139M, compared with −$1.2B. In its latest 10-Q, for the quarter ended Jul 31, 2026, revenue was $2.2B, up 5.0% from the same quarter a year earlier, and net income was $324M. The largest piece by region was United States, at 95% of fiscal 2026 revenue. Sources: 10-K for fiscal 2026 (filed Jun 9, 2026) and 10-Q for the quarter ended Jul 31, 2026 (filed Aug 26, 2026).
Source: 10-K FY2026, filed Jun 9, 2026
Source: 10-Q filed Aug 26, 2026
How it makes money
By region, FY2026
Source: 10-K FY2026, XBRL breakdown
By region in FY2026: United States (95%) and International (5%), as shares of total revenue. Total revenue was $9.1B.
Source: 10-K FY2026
By segment, FY2026
Share is of FY2026 revenue; the items listed don't cover all of it. The last column is the change from FY2025.
Learn more: Revenue vs. net income · Gross, operating and net margin
What changed last quarter
Comparing Q1 FY2027 (May to Jul 2026) compared with Q1 FY2026 (May to Jul 2025)
Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.
Q1 FY2027Q1 FY2026
Company
A hatched bar is a loss, drawn by its size. The % change isn't shown when either quarter is a loss.
Source: J.M. Smucker 10-Q for the quarter ended Jul 31, 2026, filed Aug 26, 2026
By region
Source: J.M. Smucker 10-Q for the quarter ended Jul 31, 2026, filed Aug 26, 2026
The bull case and the bear case
The bull case
- Revenue rose 3.7% in FY2026 to $9.1B, from $8.7B a year earlier. 10-K, FY2026
- Operating cash flow rose 21.7% in FY2026 to $1.5B. 10-K, FY2026
- Total debt fell 9.3% in FY2026 to $7.0B. 10-K, FY2026
- Revenue in the quarter ended Jul 31, 2026 was $2.2B, up 5.0% on a year earlier. 10-Q, quarter ended Jul 31, 2026
The bear case
- It reported a net loss of $139M in FY2026. 10-K, FY2026
- Sweet Baked Snacks revenue fell 17.6% in FY2026 to $971M. 10-K, FY2026
- The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include costs; consumer habits; retail customers. 10-K, Item 1A
What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.
What the company does
J.M. Smucker is in the packaged foods & meats industry, part of the consumer staples sector. The SEC files it under Canned, Fruits, Veg, Preserves, Jams & Jellies.
J.M. Smucker reports 5 segments: U.S. Retail Coffee, U.S. Retail Frozen Handheld and Spreads, U.S. Retail Pet Foods, Sweet Baked Snacks and Away From Home.
Its fiscal year ends in April; the latest, FY2026, ended Apr 30, 2026.
Source: 10-K, Item 1 Business
Risks common in this industry
These are general risks for companies in the packaged foods & meats industry. They are not a summary of J.M. Smucker’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.
- CostsCommodity, packaging and freight costs can rise faster than prices.
- Consumer habitsShoppers can trade down to store brands or change what they buy.
- Retail customersA few large retailers account for much of its sales.
- Regulation and safetyFood and product safety rules and recalls can bring cost and reputational harm.
- CompetitionRivals and private-label products compete for shelf space and prices.
Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)
Three years of key numbers
Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.
| US$ | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | $8.2B | $8.7B | $9.1B |
| Net income | $744M | −$1.2B | −$139M |
| Operating cash flow | $1.2B | $1.2B | $1.5B |
| Cash & equivalents (year end) | $62M | $70M | $59M |
| Total debt (year end) | $8.4B | $7.7B | $7.0B |
- Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
- Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
- Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
- Cash & equivalents: Cash, cash equivalents and restricted cash, the only cash total tagged in its filings.
- Total debt: Short-term borrowings and the current part of long-term debt plus long-term debt, at carrying value.
Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator
Explainers for this page
- Net debt and net cash
- Debt-to-equity ratio
- The cash flow statement
- Risk factors (Item 1A)
- Segment reporting
- Tender offers
- Return on invested capital (ROIC)
Plain-English guides to terms this file uses, with real numbers from filings.
About these numbers
- J.M. Smucker names its fiscal year by the calendar year in which it ends, so FY2026 is the year that ended Apr 30, 2026.
- The segment chart covers only part of revenue: the company reports other lines that aren't part of this breakdown.
What we left out
- Diluted shares: the company's filing data doesn't carry them for all the years shown, so they aren't shown.
Recent filings
| Form | Filed | Period |
|---|---|---|
| 10-Q | Aug 26, 2026 | Jul 31, 2026 |
| DEF 14A | Jun 26, 2026 | Aug 12, 2026 |
| 10-K | Jun 9, 2026 | Apr 30, 2026 |
Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters
Common questions about J.M. Smucker
How does J.M. Smucker make money?
J.M. Smucker's revenue was $9.1B in fiscal 2026. By region in FY2026: United States (95%) and International (5%), as shares of total revenue. Total revenue was $9.1B. Source: 10-K for fiscal 2026, filed Jun 9, 2026.
What was J.M. Smucker's revenue in fiscal 2026?
$9.1B of revenue for the fiscal year ended Apr 30, 2026, up 3.7% from $8.7B in fiscal 2025. Fiscal 2024 was $8.2B. Source: 10-K for fiscal 2026, filed Jun 9, 2026.
Is J.M. Smucker profitable?
J.M. Smucker reported net income of −$139M for fiscal 2026, compared with −$1.2B from −$1.2B in fiscal 2025. That is a loss under US accounting rules (GAAP). In the quarter ended Jul 31, 2026, net income was $324M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2026, filed Jun 9, 2026.
What did J.M. Smucker report in its latest quarterly filing?
Revenue was $2.2B in the quarter ended Jul 31, 2026, up 5.0% from $2.1B a year earlier. Net income was $324M, compared with −$44M from −$44M. Source: 10-Q for the quarter ended Jul 31, 2026, filed Aug 26, 2026.
How much cash and debt does J.M. Smucker have?
J.M. Smucker had $43M in cash and cash equivalents and $6.7B of total debt on Jul 31, 2026. Total debt here is short-term borrowings and the current part of long-term debt plus long-term debt, at carrying value. Source: 10-Q filed Aug 26, 2026.
What are the main risks J.M. Smucker faces?
J.M. Smucker's own risk factors are in Item 1A of its 10-K for fiscal 2026, filed Jun 9, 2026. Risks that are common among companies in the packaged foods & meats industry include Costs; consumer habits; retail customers; regulation and safety; competition. The first: Commodity, packaging and freight costs can rise faster than prices. Source: 10-K, Item 1A Risk Factors.
Where do these J.M. Smucker numbers come from?
From J.M. Smucker's own SEC filings: the 10-K for fiscal 2026 (filed Jun 9, 2026) and the 10-Q for the quarter ended Jul 31, 2026 (filed Aug 26, 2026), read through the SEC's public XBRL data. Each number on this page links to its filing. Methodology explains how fiscal years and missing numbers are handled.
Disclosures
- Editor holdings in SJM
- The editor holds no position in J.M. Smucker (SJM). As of Nov 11, 2026.
- Trading rule
- The editor does not buy or sell SJM from 3 days before to 3 days after this page is published or substantively updated.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- The company's SEC filings, linked next to each number or, for charts, in the source line under them.
- Last updated
- Nov 10, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold SJM, and it doesn't consider your situation.
Compare with peers
| Company | Fiscal year | Revenue | Revenue growth | Net income |
|---|---|---|---|---|
| J.M. SmuckerSJM | FY2026 | $9.1B | +3.7% | −$139M |
| MondelezMDLZ | FY2025 | $38.5B | +5.8% | $2.5B |
| HersheyHSY | FY2025 | $11.7B | +4.4% | $883M |
| Kraft HeinzKHC | FY2025 | $24.9B | −3.5% | −$5.8B |
| Tyson FoodsTSN | FY2025 | $54.4B | +2.1% | $474M |
Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.
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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.