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AI brief of an SEC Form 8-K · J.M. Smucker Company (The) (SJM)

Smucker posts $6.79 per-share loss on impairments; sales up 7%

Mixed Impact 4 of 5 earnings Written later

J.M. Smucker reported fiscal third-quarter results for the period ended January 31, 2026, with net sales of $2.3 billion, up 7%, but a GAAP net loss of $6.79 per diluted share driven by noncash impairment charges tied to Sweet Baked Snacks. Adjusted earnings per share fell 9% to $2.38. The company lowered the top end of its full-year net sales growth outlook because of a February fire at its Emporia, Kansas facility, while keeping its adjusted EPS guidance of $8.75 to $9.25.

Key points

  • Net sales were $2,339.4 million, up 7% from $2,186.0 million; adjusted EPS was $2.38, down 9% from $2.61.
  • GAAP net loss was $6.79 per diluted share versus a $6.22 loss a year earlier, including a $507.5 million goodwill impairment and a $454.2 million other intangible assets impairment.
  • Full-year net sales growth outlook is now 3.5% to 4.0%, down from 3.5% to 4.5%, citing the Emporia, Kansas fire; adjusted EPS guidance of $8.75 to $9.25 is unchanged.
  • Cash provided by operations was $558.5 million versus $239.4 million a year earlier; free cash flow was $487.0 million versus $151.3 million.

The filing

CompanyJ.M. Smucker Company (The) (SJM)
Form8-K, current report
Filed with the SECFeb 26, 2026, 7:09 AM ET
Accession number0000091419-26-000013

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 26, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.