J.M. Smucker Company (The) (SJM) Q1 2026 10-Q Quarterly Report
Filed: Feb 26, 2026Period ending Jan 31, 2026
Consumer Staples
Canned, Fruits, Veg, Preserves, Jams & JelliesSEC EDGAR J.M. Smucker Company (The) (SJM) 10-Q quarterly report for Q1 2026, filed with SEC EDGAR on Feb 26, 2026 for the fiscal period ending Jan 31, 2026. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
J.M. Smucker Company (The) Q1 2026 10-Q Analysis
Management Discussion & Analysis
- • Q3 FY2026 net sales $2,339.4M, up 7% YoY ($153.4M); excluding divestitures and FX, up 8% driven by +10pp coffee price realization
- • Gross margin 35.4% vs 40.2% YoY; adjusted operating margin 18.4% vs 21.2% YoY; both pressured by higher commodity costs and tariffs
Risk Factors
- • Goodwill/intangible impairment $961.7M recorded Q3 2026: $507.5M Sweet Baked Snacks goodwill (fully written off) + $454.2M Hostess trademark
- • Hostess brand reclassified from indefinite- to finite-lived intangible, triggering annual amortization expense of $38.8M going forward
J.M. Smucker Company (The) Q1 2026 Quarterly FinancialsXBRL
Revenue
$2.3B
▲ +7.0% YoY▲ +0.4% QoQ
Net Income
-$724M
▼ -9.3% YoY▼ -400.1% QoQ
Gross Margin
35.4%
▼ -478bp YoY▼ -195bp QoQ
Operating Margin
-23.4%
▲ +373bp YoY▼ -4140bp QoQ
Net Margin
-31.0%
▼ -66bp YoY▼ -4131bp QoQ
ROE
-13.8%
▼ -1781bp QoQ
Total Assets
$16.3B
▼ -7.7% QoQ
EPS (Diluted)
$-6.79
▼ -9.0% YoY▼ -400.4% QoQ
Operating Cash Flow
$559M
▲ +133.3% YoY▲ +61.2% QoQ
Source: XBRL data from J.M. Smucker Company (The) Q1 2026 10-Q filing on SEC EDGAR. All figures in USD.
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