J.M. Smucker Co

Latest Results (13.11.2025):

J.M. Smucker Co. reported its fiscal year 2025 fourth quarter results, reflecting a challenging operating environment with notable divestitures and acquisitions. The company’s net sales for the quarter reached approximately $2.1 billion, a decline of 3% compared to the prior year, while adjusted figures excluding divestitures and foreign currency impacts showed a 1% decrease. Despite a net loss per diluted share of $6.85, adjusted earnings per share stood at $2.31, down 13%. Overall, the full-year net sales increased by 7% to $8.7 billion with flat performance when excluding acquisitions, divestitures, and currency effects, and the firm provided a fiscal year 2026 outlook with modest sales growth and stable adjusted EPS expectations.

Sales Performance

For the fiscal year 2025 fourth quarter, J.M. Smucker Co.'s net sales totaled $2.1 billion, a 3% decline year-over-year. When excluding the divestitures and foreign currency exchange effects, comparable net sales fell by only 1%, influenced by a decrease in volume/mix across several product categories, partially offset by improved pricing, notably for Uncrustables® sandwiches and coffee.

Earnings & Operating Metrics

The quarter recorded a net loss per diluted share of $6.85, while adjusted earnings per share decreased by 13% to $2.31. Operating income was significantly impacted by noncash impairment charges and lower gross profits, with adjusted operating income declining by 8% compared to the prior year. These results underscored the impact of divestitures and impairment charges on the company's financial performance.

Cash Flow & Shareholder Returns

Cash provided by operating activities for the quarter was $393.9 million, with free cash flow reaching $298.9 million amid lower capital expenditures and adjusted working capital needs. The company also returned $114.5 million to shareholders in dividends during the quarter, contributing to a robust overall cash management strategy.

Fiscal 2026 Guidance

Looking ahead to fiscal year 2026, J.M. Smucker Co. expects net sales to grow between 2.0% and 4.0%, with adjusted earnings per share projected to range from $8.50 to $9.50. The outlook also anticipates free cash flow of approximately $875.0 million and capital expenditures around $325.0 million, reflecting the firm’s strategy to balance growth initiatives with continued shareholder returns and debt management.