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
- • Worst segment: Sweet Baked Snacks profit -78% YoY to $12.2M, margin 5.4% vs 19.7%; $961.7M impairment charges on Hostess goodwill and trademark; Best segment: Pet Foods margin 29.2% vs 27.6% YoY
- • Operating cash flow $894.4M vs $816.5M YoY; free cash flow $672.3M vs $517.7M; cash fell to $52.8M from $69.9M; total debt reduced to $7,328.2M from $7,677.6M
- • Post-quarter fire at Emporia, KS facility expected to reduce Q4 net sales; management flagging persistent tariff, input cost, and consumer spending headwinds through remainder of FY2026
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
- • Sweet Baked Snacks segment driven by consumer discretionary spending pressure, category shift, and slower-than-expected recovery — long-term growth and royalty rates reduced
- • Goodwill and intangible assets total $10.9B vs. total shareholders' equity of only $5.2B, representing concentrated balance sheet risk in U.S. Retail Coffee and Pet Foods segments (~80% of remaining balances)
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.
Other J.M. Smucker Company (The) Quarterly Reports
Get deeper insights on J.M. Smucker Company (The)
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.