Every material Form 8-K J.M. Smucker Company (The) filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
J.M. Smucker reported fiscal 2026 second-quarter net sales of $2.3 billion, up 3%, driven by higher net pricing, while adjusted earnings per share fell 24% to $2.10. The company narrowed its full-year adjusted EPS guidance to $8.75 to $9.25 from $8.50 to $9.50, which keeps the midpoint at $9.00 unchanged.
Net sales were $2,330.1 million, up 3% from $2,271.2 million; excluding divestitures and currency, sales rose 5%.
Adjusted EPS was $2.10 versus $2.76 a year earlier; GAAP diluted EPS was $2.26 versus a loss of $0.23.
Fiscal 2026 adjusted EPS guidance is $8.75 to $9.25, down from the prior $8.50 to $9.50 range at the top end and up at the bottom; net sales growth guidance is 3.5% to 4.5%.
Free cash flow was $280.2 million versus $317.2 million a year earlier; full-year free cash flow guidance is unchanged at $975.0 million.
J.M. Smucker reported a fiscal 2026 first-quarter net loss of $0.41 per diluted share, compared with net income of $1.74 per share a year earlier, while net sales fell 1% to $2.1 billion. Adjusted earnings per share fell 22% to $1.90, and operating cash flow was negative $10.6 million. The company raised its full-year net sales growth outlook to 3.0% to 5.0% and its free cash flow outlook to $975.0 million, but kept its adjusted earnings per share guidance at $8.50 to $9.50.
Net sales were $2.1 billion, down $11.8 million or 1%; excluding divestitures and currency, net sales rose 2%.
Net loss per diluted share was $0.41, versus net income of $1.74 per share a year earlier; GAAP operating income fell 87% to $45.6 million.
Adjusted earnings per share were $1.90, down 22% from $2.44.
FY2026 net sales growth outlook raised to 3.0% to 5.0% from 2.0% to 4.0%; adjusted earnings per share guidance unchanged at $8.50 to $9.50; free cash flow outlook raised to $975.0 million from $875.0 million.
J.M. Smucker reported fourth-quarter results for the quarter ended April 30, 2025, with net sales down 3% to $2.1 billion and adjusted earnings per share down 13% to $2.31. A net loss of $6.85 per diluted share reflected $980.0 million in noncash impairment charges tied to Sweet Baked Snacks goodwill and the Hostess trademark. The company also gave fiscal 2026 adjusted earnings per share guidance of $8.50 to $9.50, compared with $10.12 for fiscal 2025.
Q4 net sales were $2.1 billion, down 3%, and adjusted earnings per share were $2.31, down 13% from $2.66.
Q4 net loss per diluted share was $6.85, versus earnings of $2.30 a year earlier, after $867.3 million in goodwill impairment and $112.7 million in trademark impairment charges.
Fiscal 2025 net sales were $8.7 billion, up 7%, and adjusted earnings per share were $10.12, up 2%.
Fiscal 2026 guidance calls for net sales growth of 2.0% to 4.0%, adjusted earnings per share of $8.50 to $9.50, and free cash flow of $875.0 million.
J.M. Smucker named Chief Operating Officer John Brase as President and Chief Operating Officer, effective April 30, 2025, while CEO Mark Smucker became Chair of the Board and CEO. The company also adopted amended regulations that remove the requirement that the President be a director, and granted special restricted share awards to Brase and CFO Tucker Marshall.
John Brase, age 57, promoted to President and Chief Operating Officer effective April 30, 2025; he had been COO since 2020
Brase receives a one-time award of 35,000 restricted shares; CFO Tucker Marshall receives 22,000 restricted shares
Both awards vest over five years, with 25% vesting on the second anniversary and 25% each year thereafter
Amended Regulations remove the requirement that the President also be a director and update shareholder meeting procedures
On March 7, 2025, J.M. Smucker entered into a $650.0 million unsecured term loan maturing March 7, 2027, and a $2.0 billion unsecured revolving credit facility maturing March 7, 2030, with Bank of America, N.A. as administrative agent for both. The term loan will partly fund repayment of $1.0 billion in 3.50% senior notes due March 15, 2025, with the remainder to be financed through cash on hand and commercial paper borrowings. Both agreements require the company to keep an interest coverage ratio of at least 3.50 to 1.00 at each fiscal quarter-end.
$650.0 million unsecured term loan matures March 7, 2027; proceeds partly fund repayment of $1.0 billion 3.50% senior notes due March 15, 2025
Remainder of the note repayment to be financed with cash on hand and commercial paper borrowings
$2.0 billion unsecured revolving credit facility matures March 7, 2030; proceeds may refinance existing debt and fund general corporate and working capital needs
Both facilities require an interest coverage ratio of at least 3.50 to 1.00, tested at each fiscal quarter-end
J.M. Smucker reported fiscal third-quarter results for the period ended January 31, 2025, with net sales down 2% to $2.2 billion and a GAAP net loss of $6.22 per diluted share, driven by $794.3 million and $208.2 million noncash impairment charges tied to Sweet Baked Snacks. Adjusted EPS rose 5% to $2.61, and the company raised the low and high ends of its fiscal 2025 adjusted EPS guidance while lowering its net sales growth outlook.
Net sales were $2,186.0 million, down $43.2 million or 2% from the prior-year quarter.
Net loss per diluted share was $6.22, including a $794.3 million goodwill impairment and a $208.2 million trademark impairment.
Adjusted EPS was $2.61, up 5%; free cash flow was $151.3 million versus $249.6 million a year earlier.
Fiscal 2025 adjusted EPS guidance was updated to $9.85 to $10.15 from $9.70 to $10.10; net sales growth guidance is 7.25% versus 7.50% to 8.50% previously.
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