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5d ago

J.M. Smucker Shares Slide as Q4 Sales Miss, Profit Outlook Falls Short

The forecast factors in tariffs, inflation, shifting consumer habits that have eroded demand in key snack categories.

J.M. Smucker's jelly on shelf
A range of Smucker's marmalade, preserves and jelly, a brand owned by The J.M. Smucker Company, is seen for sale in a store in Manhattan, New York City, U.S., November 22, 2021. REUTERS/Andrew Kelly/ File Photo
Smucker's Goober Strawberry and Jif peanut butter, brands owned by The J.M. Smucker Company, are seen for sale in a store in Manhattan, New York City, U.S., November 22, 2021. REUTERS/Andrew Kelly/File Photo
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Overview

  • Adjusted EPS of $2.31 topped expectations, but net sales declined 3% from a year earlier, coming in at $2.14 billion versus the $2.19 billion analysts had forecast.
  • The company’s fiscal 2026 adjusted EPS projection of $8.50 to $9.50 per share trails analysts’ $10.26 estimate, prompting an over 7% drop in premarket trading.
  • Revenues in the pet food segment fell 12.6% and sweet baked snacks plunged 26% as price increases weighed on consumer demand.
  • U.S. retail coffee sales rose 11% to $738.6 million, marking the strongest performance among its divisions this quarter.
  • Smucker cited the impact of shifting tariff policies, ongoing input inflation and changes in consumer behavior in setting its cautious sales and profit forecasts.