The Q4 beat is positive but the FY2027 revenue decline guidance is a significant headwind. Watch for commentary on volume trends and tariff impacts during the Q&A. The coffee segment margin compression (-280bps) despite 12% sales growth bears monitoring as it suggests cost inflation is outpacing pricing power.
Price Chart
Executive Summary
J.M. Smucker reported fiscal Q4 2026 adjusted EPS of $2.77, a 20% YoY increase, on net sales of $2.27B (+6% YoY). The company issued a mixed FY2027 outlook: net sales expected to decline 3-4% but adjusted EPS guided to $9.75-$10.25, representing 7-12% growth. The strong Q4 beat is offset by a concerning top-line guidance decline.
Key Financial Metrics
Key Facts
- Q4 2026 adjusted EPS $2.77 vs $2.31 YoY, a 20% increase
- Q4 net sales $2.27B, up 6% YoY (6% ex-divestitures/FX)
- FY2027 guidance: net sales decline 3-4%, adjusted EPS $9.75-$10.25 (7-12% growth)
- FY2026 adjusted EPS $9.15, down 10% YoY; net sales $9.05B, up 4%
- Q4 operating cash flow $579.2M vs $393.9M YoY; free cash flow $483.9M vs $298.9M
- Total debt repayment for FY2026 was $720.0M
- U.S. Retail Coffee segment profit up only 1% despite 12% sales growth; margins compressed 280bps
Financial Impact
Q4 adjusted EPS beat consensus by ~5% ($2.77 vs $2.64 est); FY2027 EPS guidance midpoint $10.00 implies 9% YoY growth despite 3.5% top-line decline
Risk Factors
- FY2027 net sales expected to decline 3-4%, driven by lower net price realization and volume/mix decline
- Coffee segment margins compressed 280bps YoY despite 12% sales growth, indicating cost inflation
- Sweet Baked Snacks segment sales declined 5% (4% ex-divestitures) with 12% volume decline
- Guidance does not assume any impacts from new or changes to existing tariffs
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000091419-26-000047 |
| Document: sjm-20260609.htm | 0000091419-26-000047 |
| Document: 0000091419-26-000047-index-headers.html | 0000091419-26-000047 |
| Document: 0000091419-26-000047-index.html | 0000091419-26-000047 |
| Document: 0000091419-26-000047.txt | 0000091419-26-000047 |
| 8-K Data (Synthetic) | 0000091419-26-000047 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | Institutional Cluster | $127.07 $128.64 | ▲ +1.24% | ▲ +1.38% | $127.95 (+0.69%) |
Sep 2, 2026 7w ago | Insider Cluster | $128.51 $121.14 | ▼ −5.74% | ▼ −4.59% | $127.95 (−0.44%) |
Aug 26, 2026 8w ago | 8-K | $130.90 $131.44 | ▲ +0.41% | ▲ +0.53% | $127.95 (−2.25%) |
Aug 5, 2026 11w ago | Press Release | $119.21 $118.79 | ▼ −0.35% | ▼ −0.70% | $127.95 (+7.33%) |
Jul 17, 2026 14w ago | Press Release | $112.50 $118.32 | ▲ +5.17% | ▲ +5.60% | $127.95 (+13.73%) |
Jul 1, 2026 16w ago | Court Ruling | $116.22 $111.51 | ▼ −4.05% | ▼ −5.42% | $127.95 (+10.10%) |
Jun 30, 2026 16w ago | Insider Cluster | $114.86 $113.24 | ▲ +1.41% | ▲ +1.67% | $127.95 (−11.40%) |
Jun 30, 2026 16w ago | Insider Cluster | $114.86 $113.24 | ▼ −1.41% | ▼ −1.67% | $127.95 (+11.40%) |
Jun 9, 2026 20w ago | 8-K | $112.39 $115.94 | ▲ +3.16% | ▲ +0.75% | $127.95 (+13.84%) |
Mar 31, 2026 30w ago | Court Ruling | $95.49 $92.47 | ▼ −3.16% | ▼ −6.93% | $127.95 (+33.99%) |
US Market Status
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