The J.m. Smucker Company · NYSE:SJM
The J.m. Smucker — Q1 2026 Earnings Presentation
14 slides from The J.m. Smucker's earnings presentation, Aug 27, 2025
Slide 1: The J.M. Smucker Co. Announces Fiscal 2026 First Quarter Results
NEWS RELEASE The J.M. Smucker Co. Announces Fiscal 2026 First Quarter Results 2025-08-27 ORRVILLE, Ohio, Aug. 27, 2025 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced results for the first quarter ended July 31, 2025, of its 2026 fiscal year. Financial results for the first quarter
Slide 2: First Quarter Consolidated Results
results that reflect disciplined cost management and execution." "Due to the better-than-expected first quarter results and sustained momentum for our portfolio of leading brands, we are raising our net sales expectations for the fiscal year. We remain focused on investing in our key growth platform
Slide 3: Interest Expense, Cash Flow and Full-Year Outlook
("SD&A") expenses and lower amortization expense. Adjusted gross profit decreased $89.3 million, or 11 percent. The difference between adjusted gross profit and generally accepted accounting principles ("GAAP") results primarily reflects the exclusion of the change in net cumulative unallocated deri
Slide 4: Full-Year Outlook and First Quarter Segment Results
fiscal year 2026 outlook. This updated guidance reflects the Company's expectations based on its current understanding of these factors. Net sales are now expected to increase 3.0 to 5.0 percent, which includes an impact of $134.7 million related to the divestitures of the Voortman® business and cer
Slide 5: U.S. Retail Frozen Handheld and Spreads; U.S. Retail Pet Foods
Net Segment Segment Sales Profit Profit Margin FY26 Q1 Results $484.7 $114.3 23.6 % Increase (decrease) vs. prior year (2) % (4) % -40bps Net sales decreased $12.1 million, or 2 percent. Volume/mix decreased net sales by 2 percentage points, primarily driven by decreases for peanut butter and fruit
Slide 6: Sweet Baked Snacks; International and Away From Home
Net sales decreased $80.5 million, or 24 percent. Excluding noncomparable net sales in the prior year related to the divested Voortman® business and certain Sweet Baked Snacks value brands, net sales decreased $27.7 million, or 10 percent. Volume/mix decreased net sales by 8 percentage points, prima
Slide 7: Forward-Looking Statements
expressed or implied by those forward-looking statements. The risks, uncertainties, important factors, and assumptions listed and discussed in this press release, which could cause actual results to differ materially from those expressed, include: the Company's ability to successfully integrate Host
Slide 8: About The J.M. Smucker Co.
About The J.M. Smucker Co. At The J.M. Smucker Co., it is our privilege to make food people and pets love by offering a diverse family of brands available across North America. We are proud to lead in the coffee, peanut butter, fruit spreads, frozen handheld, sweet baked goods, dog snacks, and cat f
Slide 9: Unaudited Condensed Consolidated Balance Sheets
The J.M. Smucker Co. Unaudited Condensed Consolidated Balance Sheets July 31, 2025 April 30, 2025 (Dollars in millions) Assets Current Assets Cash and cash equivalents $39.3 $69.9 Trade receivables – net 643.2 619.0 Inventories 1,386.0 1,209.4 Other current assets 333.4 248.3 Total Current Assets 2,
Slide 10: Unaudited Condensed Consolidated Statements of Cash Flow
The J.M. Smucker Co. Unaudited Condensed Consolidated Statements of Cash Flow Three Months Ended July 31, 2025 2024 (Dollars in millions) Operating Activities Net income (loss) ($43.9) $185.0 Adjustments to reconcile net income (loss) to net cash provided by (used for) operations: Depreciation 85.0
Slide 11: Unaudited Reportable Segments
The J.M. Smucker Co. Unaudited Reportable Segments Three Months Ended July 31, 2025 2024 (Dollars in millions) Net sales: U.S. Retail Coffee $717.2 $623.4 U.S. Retail Frozen Handheld and Spreads 484.7 496.8 U.S. Retail Pet Foods 368.0 399.7 Sweet Baked Snacks 253.2 333.7 International and Away From
Slide 12: Non-GAAP Financial Measures
items that do not directly reflect ongoing operating results. Income taxes, as adjusted is calculated using an adjusted effective income tax rate that is applied to adjusted income before income taxes and reflects the exclusion of the previously discussed items, as well as any adjustments for one-ti
Slide 13: Unaudited Non-GAAP Financial Measures
The J.M. Smucker Co. Unaudited Non-GAAP Financial Measures Three Months Ended July 31, 2025 2024 (Dollars and shares in millions, except per share data) Gross profit reconciliation: Gross profit $474.7 $797.2 Change in net cumulative unallocated derivative gains and losses 253.1 30.0 Cost of product
Slide 14: Guidance Reconciliation
The following tables provide a reconciliation of the Company's fiscal year 2026 guidance for estimated adjusted earnings per share and free cash flow. Year Ending April 30, 2026 Low High Net income per common share – assuming dilution reconciliation: Net income per common share – assuming dilution $
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