The J. M. Smucker Company (SJM) Earnings Call Transcripts

The J. M. Smucker Company's Latest Earnings Call - Q4 FY2026

In the fiscal 2026 fourth quarter, The J. M. Smucker Company reported revenues of $2.1 billion, reflecting a 3% decline year-over-year, while earnings per share (EPS) came in at $0.85, exceeding expectations. Management provided a cautious outlook for fiscal 2027, anticipating revenue to decline by 3% to 4% and signaling potential challenges in maintaining pricing power amid inflationary pressures. The company remains focused on stabilizing its portfolio and improving profitability, particularly in the coffee and Sweet Baked Snacks segments, which are expected to drive profit growth despite headwinds in other areas.

Reported metrics

Guidance from management

Management anticipates a revenue decline of 3% to 4% for fiscal 2027, with a focus on stabilizing the portfolio and improving profitability across key segments. They expect mid-single-digit profit growth in the coffee segment driven by moderating commodity prices.

What management said

Yes. So we are committed to supporting the growth of our brands and to develop our brands through ongoing marketing. And we've called out that we're about 5.7% of net sales for the upcoming fiscal year. It's going to look like up $30 million year-over-year, almost $0.5 billion spend. And it will be fairly balanced throughout the year, but it will begin in our first quarter in terms of those investments to support the...

Chris, I would also acknowledge from a flow standpoint, if we've called out a down 3% to down 4% of top line net sales, in our prepared remarks, we talked about our first quarter being flattish. We'll really begin to experience the deflation associated with green coffee and our second quarter onward. Just to give you a sense of kind of the flow through the year from a top line standpoint.

What analysts pressed on

Analysts expressed concerns regarding the macroeconomic environment and its potential impact on costs and pricing power. There were also questions about the visibility of growth in the Sweet Baked Snacks segment and the effectiveness of marketing strategies in driving sales.

Main topics on the call

• Revenue Decline — The company reported a revenue decline of 3% year-over-year, with management noting, "we do expect to see profit improvement in coffee from the moderating commodity." This decline was attributed to cautious consumer beha...
• Coffee Segment Performance — Management expressed confidence in the coffee segment, stating, "we continue to lead the category across segments and the value spectrum." They expect profit improvement driven by lower green coffee prices, although they...
• Uncrustables Growth — The Uncrustables brand achieved $1 billion in sales, with management indicating, "we do expect to continue to see growth in the Uncrustables brand." This growth is expected to be driven by innovation and strategic invest...
• Portfolio Stabilization Efforts — Management emphasized the need to stabilize the Sweet Baked Snacks business, stating, "our focus continues to be stabilizing that business and improving profitability." They highlighted SKU rationalization and cost contr...

Read the full The J. M. Smucker Company transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 65 The J. M. Smucker Company earnings call transcripts on record, spanning February 19, 2020 to June 9, 2026. Based on this history, The J. M. Smucker Company reports quarterly. The most recent call on file is dated June 9, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SJM

Exchange

NYSE

Country

US

Sector

Consumer Staples

Industry

Food Products

Calls on record

65

First call

February 19, 2020

Most recent

June 9, 2026

Reporting cadence

quarterly