Aug 26, 7:02 AM ET
J.M. Smucker reported first-quarter fiscal 2027 net sales of $2.2 billion, up 5%, and GAAP net income per diluted share of $3.03, compared with a loss of $0.41 a year earlier. The company raised its full-year fiscal 2027 adjusted earnings per share guidance to $10.50 to $11.00 from $9.75 to $10.25, and its free cash flow outlook to $1.1 billion from $1.0 billion, with the adjusted EPS figures including tariff refunds received in the quarter.
- Net sales were $2,219.3 million, up $106.0 million or 5% from $2,113.3 million a year earlier.
- GAAP net income per diluted share was $3.03; adjusted EPS was $3.24, up 71% from $1.90, including an $0.84 benefit from tariff refunds.
- Fiscal 2027 adjusted EPS guidance is $10.50 to $11.00, up from $9.75 to $10.25; net sales are now expected to decrease 1.0% to 2.0%, versus the prior decrease of 3.0% to 4.0%.
- Free cash flow for the quarter was $337.3 million, compared with negative $94.9 million a year earlier.
Read the filing on SEC.gov ↗
Jun 9, 7:05 AM ET
J.M. Smucker reported fourth-quarter fiscal 2026 net sales of $2.3 billion, up 6%, and adjusted earnings per share of $2.77, up 20%. For the full fiscal year, adjusted EPS fell 10% to $9.15 and the company posted a net loss of $1.30 per diluted share, while it guided fiscal 2027 net sales down 3.0% to 4.0% and adjusted EPS of $9.75 to $10.25.
- Q4 net sales $2.3 billion (about $2,268.1 million), up 6%; adjusted EPS $2.77 vs. $2.31 a year earlier.
- Q4 GAAP net income $3.64 per diluted share, compared with a net loss of $6.85 in the prior-year quarter, which included $867.3 million of goodwill impairment charges.
- Fiscal 2026 net sales $9.1 billion, up 4%; net loss of $1.30 per diluted share; adjusted EPS $9.15, down 10%.
- Fiscal 2027 outlook: net sales down 3.0% to 4.0%, adjusted EPS $9.75 to $10.25, free cash flow about $1.0 billion.
Read the filing on SEC.gov ↗
Mar 3, 4:15 PM ET
J.M. Smucker entered a separation agreement with John Brase, its former President and Chief Operating Officer, effective February 26, 2026, after he stopped being an executive officer. The agreement includes cash payments, accelerated vesting of some equity awards, and a release of claims, and the company says its terms are consistent with its Executive Severance Plan and equity award agreements.
- Lump sum base salary payment of $1,185,000 (18 months of salary), payable April 17, 2026
- Lump sum incentive payment of $611,885 for fiscal year 2026 pro rata, payable April 17, 2026
- Portions of restricted stock, options and performance units vest; remaining unvested awards are forfeited
- Vested options must be exercised by May 10, 2026; the full agreement will be filed with the 10-K for the period ending April 30, 2026
Read the filing on SEC.gov ↗
Feb 26, 4:17 PM ET
J.M. Smucker's board increased its size to 11 members and elected Woo-Sung (Bruce) Chung, CFO of NRG Energy, and David Singer, former CEO of Snyder's-Lance, effective April 15, 2026. The appointments follow engagement with Elliott Investment Management, and the company has entered an information-sharing agreement with Elliott. The filing reports no financial results, so the change is a governance development rather than a direct financial measure.
- Board expanded to 11 directors, with 10 described as independent, effective April 15, 2026
- Chung and Singer will both serve on the Audit Committee; Mercedes Abramo moves from Audit to Nominating, Governance, and Corporate Responsibility Committee
- Appointments follow constructive engagement with Elliott Investment Management, which the company describes as one of its largest investors
- Company will enter indemnity agreements with Chung and Singer, in substantially the same form as those with current directors
Read the filing on SEC.gov ↗
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