J. M. Smucker zvýšil výhled pro Uncrustables na vysoký jednociferný růst ve fiskálním roce 2027 po silné čtvrtletní poptávce. Zároveň očekává vyšší náklady a opatrněji hledí na spotřebitelskou poptávku po kávě.
The J.M. Smucker Company’s Dividend: Too Sweet to Ignore?J. M. Smucker NYSE: SJM said its fiscal 2027 first-quarter performance reflected momentum in its coffee, Uncrustables, pet snacks and selected sweet baked snacks businesses, while management maintained a cautious view on consumer demand, commodity costs and freight inflation for the remainder of the year.
During the company’s earnings question-and-answer session, Chief Executive Officer Mark Smucker said the company’s portfolio and ongoing brand investments support its long-term growth outlook. Chief Financial Officer Tucker Marshall said the company’s guidance incorporates higher underlying cost inflation and conservative volume assumptions for coffee.
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Tariff Refund Supports Investment and Debt Reduction SJM Surges 9%, But Hostess Weakness Clouds OutlookMarshall said the company received an $0.84 per-share benefit from tariff refunds during the first quarter. J. M. Smucker plans to reinvest part of that benefit through selling, distribution and administrative expenses, including higher administrative expenses, incremental marketing and pre-production costs tied to its McCalla, Alabama, facility supporting Uncrustables.
The company expects a roughly $0.60 full-year benefit from the tariff refunds after accounting for incremental costs and spending, according to Marshall. He said the company also intends to use remaining earnings or cash to reduce debt.
5 Under-the-Radar Consumer Staples Stocks With Pricing PowerMarshall said J. M. Smucker remains on track to pay down approximately $500 million of debt during fiscal 2027 and has already reached its targeted 3x leverage ratio in the first quarter, ahead of expectations. The company remains committed to its quarterly dividend, which it recently increased, and now has flexibility to consider share repurchases, he said.
Coffee Outlook Remains Cautious Despite First-Quarter Growth Management said coffee delivered strong first-quarter results across its key brands, although the company continues to expect low-single-digit volume declines for the full fiscal year. Smucker cited continued volatility in green coffee commodities, category conditions and the consumer environment as reasons for maintaining a prudent outlook.
Smucker said Café Bustelo grew 23% during the quarter, supported by its Game Face marketing campaign tied to soccer. He described the brand as having significant opportunity for distribution expansion in the central and western U.S. regions, noting that it is now the sixth-largest brand in the category and that the company aspires to move it into the top four.
The company had considered a coffee list-price decline near the end of the fiscal year because the base coffee commodity is lower than a year earlier. However, Smucker said commodity prices have not crossed the thresholds needed to support a list-price reduction and have not shown sustained deflation. Instead, the company has passed some deflation through to consumers through trade spending and promotions.
Folgers grew during the quarter and posted approximately flat volume and mix, Marshall said. Smucker also said Folgers, one of the company’s more affordable coffee brands, performed well around promotional activity tied to America’s 250th anniversary during July.
Underlying cost inflation, excluding the effects of green coffee tariffs and tariff refunds, is now expected to be in the mid-single digits. Marshall said the increase from the company’s earlier expectations is largely attributable to freight, commodities and other ingredients.
Uncrustables Growth Accelerates, McCalla Costs Rise J. M. Smucker raised its outlook for Uncrustables to high-single-digit growth for fiscal 2027, compared with its prior expectation for mid-single-digit growth after the brand reached its $1 billion ambition in the previous fiscal year.
Marshall said the stronger outlook is driven primarily by U.S. retail channels, with improvement also coming from away-from-home sales. The company is increasing pre-production expenses to bring capacity online earlier at its McCalla, Alabama, facility. As a result, margins in the frozen handheld and spreads segment may decline modestly during the next few quarters, although Marshall said the overall margin profile remains strong.
Smucker said demand has been supported by the rollout of “fridge-friendly” Uncrustables, which can be kept thawed in a refrigerator for five days, as well as new flavors, limited-time offerings, higher-protein products and expanded distribution. The company is also building its convenience-store presence and growing its away-from-home business.
The second phase of the McCalla facility has already been built, Smucker said, and will focus on the brand’s core crimped soft-bread format. Activating the capacity will require staffing and operational startup.
Pet and Sweet Baked Snacks Show Mixed Trends In pet snacks, Smucker said Pup-Peroni posted 5% net sales growth and 7% growth in the quarter, supported by a brand refresh, marketing and customer events. Milk-Bone returned to volume growth, aided by innovation in soft and chewy products and marketing support. Jerky Treats declined during the period.
Smucker said the company remains positive on dog snacks and continues to focus on growing Milk-Bone’s relevance in treating occasions. The company’s broader pet strategy remains centered on consumables, including dog snacks and cat food, rather than pet technology products or devices.
In sweet baked snacks, management said Hostess performed in line with expectations as the company continues its stabilization efforts. Donettes performed well, particularly in larger bag sizes and mini churro donut innovation, while Suzy Q’s innovation also showed positive performance.
However, Smucker said convenience-store traffic remains challenged. He suggested lower gasoline prices could eventually improve traffic by encouraging more consumers to enter stores after fueling, though he said the outcome remains uncertain. Marshall said the sweet baked snacks business is expected to decline by low single digits for the full year, with larger declines in the first half as the company laps prior-year SKU rationalization and a more stable back half.
Management also said it is supporting Jif through refreshed packaging, new marketing focused on snacking occasions and the launch of Jif Simply products with two or three ingredients. Smucker said the company does not view softness in the peanut butter category as structural and continues to see opportunities in both peanut butter and fruit spreads.
About J. M. Smucker (NYSE:SJM)The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company's main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker's core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.
Among its leading brands are Smucker's® fruit spreads, Jif® peanut butter, Folgers® and Dunkin'® coffees, and Café Bustelo® coffee.
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Folgers coffee maker J.M. Smucker (SJM.N) on Wednesday forecast a smaller-than-expected decline in annual sales, benefitting from steady demand for its ready-to-eat meals and coffee.
Shares of the company rose about 4% premarket, after J.M. Smucker raised its annual profit forecast on the back of tariff-related refunds.
Here are some details:
Budget-conscious consumers, pressured by still-high inflation, are increasingly opting to eat at home rather than dining out, lifting demand for essential goods such as coffee and jams.
Easing coffee prices, which surged due to higher green coffee costs and tariffs in recent years, pushed J.M. Smucker to lower prices.
The company's quarterly gross profit increased to $504.9 million, which included tariff refunds of $115.0 million.
The company forecast annual net sales to decrease by 1% to 2%, compared with its prior forecast of a 3% to 4% decline.
It expects full-year adjusted earnings to be between $10.50 and $11 per share, compared with its prior expectation of $9.75 to $10.25.
The Jif peanut butter maker's net sales for the quarter ended July 31 stood at $2.22 billion, beating analysts' average estimate of $2.13 billion, according to data compiled by LSEG.
Excluding tariff refunds, it earned $3.24 per share on an adjusted basis during the first quarter, surpassing estimates of $2.22.
Smucker (SJM) ve 1. čtvrtletí vykázal upravený zisk 3,24 USD na akcii, nad odhadem 2,21 USD. Tržby dosáhly 2,22 miliardy USD a také překonaly očekávání.
Smucker (SJM - Free Report) came out with quarterly earnings of $3.24 per share, beating the Zacks Consensus Estimate of $2.21 per share. This compares to earnings of $1.9 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +46.61%. A quarter ago, it was expected that this food maker would post earnings of $2.65 per share when it actually produced earnings of $2.77, delivering a surprise of +4.53%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Smucker, which belongs to the Zacks Food - Miscellaneous industry, posted revenues of $2.22 billion for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 5.42%. This compares to year-ago revenues of $2.11 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Smucker shares have added about 28.3% since the beginning of the year versus the S&P 500's gain of 12.2%.
What's Next for Smucker?While Smucker has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Smucker was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.54 on $2.23 billion in revenues for the coming quarter and $9.98 on $8.87 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Food - Miscellaneous is currently in the bottom 13% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Campbell's (CPB - Free Report) , has yet to report results for the quarter ended July 2026. The results are expected to be released on September 3.
This maker of canned soup, Pepperidge Farm cookies and V8 juice is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of -35.5%. The consensus EPS estimate for the quarter has been revised 2.4% lower over the last 30 days to the current level.
Campbell's' revenues are expected to be $2.15 billion, down 7.3% from the year-ago quarter.
J.M. Smucker's NYSE: SJM share price has rallied strongly since spring on a series of strong results, improving operational quality, and rotation back to high-yielding staples. The rally accelerated following the release of its Q1 fiscal year 2027 results, putting the market on track to cross a critical pivot point. The pivot is near $134.50, the highest price point set since the market gapped lower in late 2023. It is a likely target for strong resistance, representing a significant overhang that could cap gains.
However, the company shows clear strategic momentum and could break through. The question is what happens next, and a full price recovery is possible. In that scenario, the market signals a major change in dynamic in which selling pressure eases and accumulation drives share prices higher over time. Technically, the market could advance by an amount equal to the magnitude of the existing trading range, about $40, but this won’t happen all at once or quickly.
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The more likely outcome is a slow grind higher, with periodic stopping points for market consolidations and corrections, and the first trigger point isn’t all that high. It aligns with the top of the open price gap and may also be a strong point of market resistance.
Institutional and Analyst Tailwinds Remain StrongWall Street sentiment toward SJM was already favorable heading into the earnings release. MarketBeat tracks 19 analysts, with 10 Buy ratings and nine Holds, giving the stock a consensus Moderate Buy rating.
While SJM’s consensus price target showed no upside potential ahead of the release, the trend is upward. Summer activity included several boosted or reiterated price targets, pushing the high end to $142. A move to $142 would put this market above the high end of the open price window and well on its way to a more complete recovery.
Institutional activity reflects strong confidence in the value, outlook, and dividend payments, with the group owning more than 80% of the stock and continuing to accumulate shares. MarketBeat data reveals a greater than $2-to-$1 balance over the trailing 12-month period and a sharp spike in early Q3 ahead of the earnings report. Institutional activity foreshadowed the strong release, spiking to a multi-year high while sellers were virtually non-existent.
The J.M. Smucker Company Advances on Organic Strength and Pricing PowerSmucker’s posted a solid quarter, with strength across most segments supporting a 5% year-over-year (YOY) revenue gain. Revenue outperformed the consensus by a healthy 420 basis points, driven by pricing and volume/mix. Pricing improved by 4% and volume and mix by 1%, with most of the gains in the Coffee segment. Coffee grew by 13%, outpacing all others by a wide margin. Sweet Snacks is the weak link, declining 7% YOY but still contributing to margin.
Margin is one of the report's highlights. The company widened its margin significantly, helped by pricing, lower costs and approximately $115 million in tariff refunds. Key details include $425.7 million in cash flow and $337.3 million in free cash flow versus last year’s cash outflows and a 71% increase in adjusted earnings per share (EPS). EPS also outperformed the consensus by a wide margin, providing confidence in the new guidance.
Guidance is a catalyst for higher share prices. The company raised its revenue and earnings targets, now expecting revenue to decline by only 1% to 2% at the low end and earnings to come in well above prior forecasts. The new low-end target is above the prior high and the pre-report consensus, and may be cautious given the company’s momentum. Either way, the outlook is improved, including for dividend payments, and the dividend is substantial.
J. M. Smucker Dividend Payments3.39%
$4.48
27 Years
4.12%
209.35%
Sep. 1
SJM Dividend History
Institutional interest in this and other consumer staples stocks is driven by the dividend. The 2025/2026 sell-offs created deep-value opportunities while lifting yields to historical highs, and institutions are gobbling up shares. For SJM, the yield is running near 3.5% as of late August, and it is a reliable payment. Annualized distributions are running below 50% of the earnings forecast, cash flow is improving, and the company continues to reduce debt. Smucker still carries meaningful leverage, but improving cash flow and ongoing debt reduction support its ability to maintain financial health, sustain operations, and continue its streak of distribution increases. At 27 years, the company is a Dividend Champion on its way to becoming a Dividend King.
The company's biggest risk is integrating Hostess into its portfolio. More challenging than previously thought, the impact is reflected in the sweet segment performance. The upshot is Smucker's constructive engagement with activist Elliott Investment Management, which has focused on improving sales, profitability and capital discipline.
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J. M. Smucker čeká v 1. fiskálním čtvrtletí téměř beze změny výnosy, ale upravený EPS má vzrůst ve středních desítkách procent díky kávě a nižším úrokům.
Key Takeaways The J. M. Smucker expects roughly flat Q1 sales, with higher pricing offset by softer volume/mix. SJM expects adjusted EPS to rise in the mid-teens, aided by coffee gross profit and lower interest expense. SJM expects lower coffee and tariff costs and productivity gains, partly offset by higher marketing. The J. M. Smucker Company (SJM - Free Report) is scheduled to report first-quarter fiscal 2027 earnings on Aug. 26. The Zacks Consensus Estimate for revenues is pegged at $2.1 billion, indicating a decline of 0.4% from the year-ago reported number.
However, the earnings picture looks encouraging. The consensus mark for earnings has risen 1.4% over the past seven days to $2.21 a share, which suggests an increase of 16.3% from the figure reported in the year-ago period. SJM has a trailing four-quarter surprise of 1.5%, on average.
Factors Likely to Influence SJM’s Upcoming ResultsSJM’s first-quarter performance is likely to reflect a mixed sales backdrop, with pricing providing support while volume/mix remaining soft. The company expects first-quarter net sales to be roughly flat year over year, with a low-single-digit increase in net price realization offset by unfavorable volume/mix.
Demand trends across the portfolio may have remained uneven. U.S. Retail Coffee and Sweet Baked Snacks are expected to face volume/mix declines in fiscal 2027, while U.S. Retail Pet Foods and Away From Home are expected to post volume/mix growth. The company also anticipates volume growth across its key platforms — Uncrustables, Cafe Bustelo, Meow Mix and Milk-Bone — supported by continued investments in these brands. Pricing is likely to have offered additional support in Sweet Baked Snacks, as a list-price increase on certain Hostess Donettes products began in the first quarter.
The earnings picture appears more favorable. SJM expects first-quarter adjusted earnings per share to increase in the mid-teens, primarily driven by higher adjusted gross profit in U.S. Retail Coffee and lower interest expense. These benefits, however, are expected to be partly offset by increased marketing investments behind key growth platforms.
Margins may also have benefited from improving cost dynamics. The company entered fiscal 2027 expecting lower commodity and tariff costs, primarily related to green coffee, along with productivity savings from its transformation initiatives. Meanwhile, continued marketing investments and low-single-digit inflation outside green coffee and tariffs may have limited some of the margin upside.
Earnings Whispers for SJMOur proven model predicts an earnings beat for The J. M. Smucker this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is exactly the case here.
The J. M. Smucker currently carries a Zacks Rank #3 and has an Earnings ESP of +1.77%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks With the Favorable CombinationHere are some other companies worth considering, as our model shows that these, too, have the right combination of elements to beat on earnings this reporting cycle.
Burlington Stores, Inc. (BURL - Free Report) currently has an Earnings ESP of +1.84% and a Zacks Rank of 3. The consensus estimate for the quarterly revenues is pinned at approximately $3 billion, which indicates 11.8% growth from the figure reported in the prior-year quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Burlington’s upcoming quarter’s EPS is pegged at $2.18, which implies 37.1% growth year over year. BURL delivered a trailing four-quarter earnings surprise of 14%, on average.
Ulta Beauty, Inc. (ULTA - Free Report) currently has an Earnings ESP of +0.41% and a Zacks Rank of 3. The consensus estimate for Ulta Beauty’s quarterly revenues is pinned at about $3 billion, which implies 6.5% growth from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for the upcoming quarter’s EPS is pegged at $6.19, which indicates a 7.1% jump year over year. ULTA delivered a trailing four-quarter earnings surprise of roughly 10%, on average.
Costco Wholesale Corporation (COST - Free Report) currently has an Earnings ESP of +1.45% and a Zacks Rank of 3. The Zacks Consensus Estimate for quarterly revenues is pegged at $94.5 billion, which indicates an increase of 9.6% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for Costco’s upcoming quarter EPS is pegged at $6.51, implying 10.9% year-over-year growth. COST has a trailing four-quarter earnings surprise of 1%, on average.
J. M. Smucker oznámil čtvrtletní dividendu 1,12 USD na akcii, oproti předchozím 1,10 USD. Tržby za čtvrtletí vzrostly meziročně o 5,8 % na 2,27 miliardy USD.
Empowered Funds LLC lowered its holdings in The J. M. Smucker Company (NYSE:SJM – Free Report) by 34.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,923 shares of the company’s stock after selling 4,591 shares during the period. Empowered Funds LLC’s holdings in J. M. Smucker were worth $861,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of J. M. Smucker by 10.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock worth $2,286,000 after purchasing an additional 1,763 shares during the period. United Services Automobile Association bought a new stake in shares of J. M. Smucker in the first quarter valued at approximately $253,000. Woodline Partners LP grew its position in J. M. Smucker by 40.7% during the first quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock worth $1,065,000 after buying an additional 2,600 shares in the last quarter. American Century Companies Inc. grew its position in J. M. Smucker by 6.7% during the second quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock worth $217,000 after buying an additional 138 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in J. M. Smucker during the 2nd quarter worth $1,740,000. Institutional investors and hedge funds own 81.66% of the company’s stock.
Wall Street Analysts Forecast Growth Several analysts have recently issued reports on the company. Stifel Nicolaus reduced their target price on J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a report on Tuesday, April 21st. JPMorgan Chase & Co. upped their price objective on shares of J. M. Smucker from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. UBS Group increased their price objective on shares of J. M. Smucker from $121.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $95.00 target price on shares of J. M. Smucker in a report on Wednesday, May 20th. Finally, Barclays boosted their target price on shares of J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, June 11th. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, J. M. Smucker currently has a consensus rating of “Hold” and an average price target of $121.67.
Check Out Our Latest Research Report on SJM
Insider Buying and Selling at J. M. Smucker In other J. M. Smucker news, insider Jill R. Penrose sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $116.69, for a total value of $583,450.00. Following the sale, the insider owned 15,795 shares in the company, valued at $1,843,118.55. This trade represents a 24.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeannette L. Knudsen sold 4,353 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $115.08, for a total transaction of $500,943.24. Following the sale, the insider directly owned 16,835 shares in the company, valued at approximately $1,937,371.80. The trade was a 20.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 18,533 shares of company stock worth $2,132,914 over the last quarter. Corporate insiders own 2.80% of the company’s stock.
J. M. Smucker Trading Down 0.0% Shares of SJM opened at $120.13 on Monday. The J. M. Smucker Company has a 52-week low of $88.25 and a 52-week high of $127.64. The business’s fifty day moving average is $113.46 and its 200-day moving average is $106.22. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.33 and a current ratio of 0.78. The firm has a market cap of $12.81 billion, a price-to-earnings ratio of -92.41, a PEG ratio of 1.68 and a beta of 0.25.
J. M. Smucker (NYSE:SJM – Get Free Report) last posted its earnings results on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.13. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the prior year, the business earned $2.31 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Equities analysts anticipate that The J. M. Smucker Company will post 9.95 EPS for the current fiscal year.
J. M. Smucker Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.10. J. M. Smucker’s payout ratio is currently -338.46%.
J. M. Smucker Company Profile (Free Report)
The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.
Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.
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J.M. Smucker zvýšila čtvrtletní dividendu o 2 % na 1,12 USD na akcii, už 25. fiskální rok v řadě. V roce 2026 zároveň vytvořila 1,2 mld. USD volného peněžního toku, vyplatila přibližně 465 mil. USD na dividendách a splatila 720 mil. USD dluhu.
Key Takeaways SJM raised its quarterly dividend 2% to $1.12, marking 25 straight fiscal years of growth.SJM generated $1.2B in fiscal 2026 free cash flow, paid $465M in dividends and repaid $720M of debt.SJM balances investments, debt reduction and shareholder returns through disciplined capital allocation. The J.M. Smucker Co. (SJM - Free Report) continues to reinforce the shareholder-friendly capital allocation strategy, underscoring confidence in its cash-generating ability despite an evolving consumer and cost environment. The latest dividend hike also extends the company's long-standing record of rewarding investors.
The company announced a 2% increase in its quarterly dividend to $1.12 per common share from $1.10. The dividend will be paid on Sept. 1, 2026, to its shareholders of record as of Aug. 14. The latest increase marks the 25th consecutive fiscal year of dividend growth, highlighting SJM's consistent focus on returning capital to its shareholders through regular payouts.
The dividend announcement comes on the back of a year marked by solid cash generation. In fiscal 2026, The J.M. Smucker generated $1.5 billion in operating cash flow and $1.2 billion in free cash flow, while returning approximately $465 million to its shareholders through dividends. In fiscal 2026, the company also repaid $720 million of debt, reflecting a balanced approach toward strengthening its balance sheet while maintaining shareholder distributions.
Operationally, the business ended fiscal 2026 on a strong note. Fiscal fourth-quarter net sales increased 6% year over year to $2.3 billion, while adjusted earnings per share climbed 20% to $2.77. Growth was supported by pricing actions, resilient demand across key categories and improved profitability, leading to stronger operating cash flow. For fiscal 2027, SJM projects adjusted earnings per share of $9.75-$10.25 and approximately $1 billion in free cash flow, providing continued financial flexibility to support investments, debt reduction and shareholder returns.
Although fiscal 2027 sales are projected to decline 3-4% due to lower coffee pricing and softer volume/mix, the company's strong cash generation, disciplined debt reduction and consistent dividend growth underscore the resilience of its business model. The latest dividend increase reinforces confidence in SJM's ability to sustain shareholder returns while navigating commodity cost fluctuations and evolving consumer demand.
The J.M. Smucker’s Zacks Rank & Share Price PerformanceShares of this Zacks Rank #3 (Hold) company have gained 6.5% over the past year, outperforming the broader Consumer Staples sector’s growth of 1.3% and the industry’s decline of 21.7%. However, the figure is down from the S&P 500’s 21.2% growth during the same period.
SJM Stock's Past Year Performance
Image Source: Zacks Investment Research
Is SJM a Value Play Stock?The J.M. Smucker currently trades at a forward 12-month P/E ratio of 11.09, which is lower than the industry average of 14.62. This suggests the stock is trading at a modest discount relative to its peers.
SJM P/E Ratio (Forward 12 Months)
Image Source: Zacks Investment Research
Stocks to ConsiderUnited Natural Foods, Inc. (UNFI - Free Report) distributes natural, organic, specialty, produce and conventional grocery and non-food products in the United States and Canada. At present, United Natural sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for United Natural’s current fiscal-year earnings implies growth of 254.9% from the year-ago figures. UNFI delivered a trailing four-quarter earnings surprise of 29.9%, on average.
Mama's Creations, Inc. (MAMA - Free Report) manufactures and markets fresh deli-prepared foods in the United States. At present, MAMA holds a Zacks Rank of 2 (Buy). Mama's Creations delivered a trailing four-quarter earnings surprise of 129.2%, on average.
The consensus estimate for Mama's Creations’ current fiscal-year sales and earnings implies growth of 30% and 73.3%, respectively, from the year-ago figures.
Hormel Foods Corporation (HRL - Free Report) develops, processes and distributes various meat, nuts and other food products to foodservice, convenience store and commercial customers in the United States and internationally. It carries a Zacks Rank of 2 at present. HRL delivered a trailing four-quarter earnings surprise of 3.2%, on average.
The Zacks Consensus Estimate for Hormel Foods’ current fiscal-year sales and earnings indicates growth of 1.4% and 9.5%, respectively, from the prior-year reported levels.
, /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced its Board of Directors approved an increase in the quarterly dividend from $1.10 to $1.12 per common share, an increase of two percent. The next dividend will be paid on Tuesday, September 1, 2026, to shareholders of record at the close of business on Friday, August 14, 2026. This increase marks the Company's 25th consecutive fiscal year of dividend growth, reflecting the Company's continued commitment to returning value to shareholders.
The J.M. Smucker Co. Forward-Looking Statement
This press release contains a forward-looking statement about dividends. This statement is made on the basis of the Company's views and assumptions as of this time, and the Company undertakes no obligation to update this statement unless required by law. This statement is not a guarantee of future performance, and actual events or results may differ materially from this statement. Investors should consult the Company's filings with the Securities and Exchange Commission (including the information set forth under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2026) for information about certain factors that could cause such differences. Copies of these filings may be obtained by visiting the Company's website at jmsmucker.com.
About The J.M. Smucker Co.
At The J.M. Smucker Co., it is our privilege to make food people and pets love by offering a diverse family of brands available across North America. We are proud to lead in the coffee, peanut butter, fruit spreads, frozen handheld, sweet baked goods, dog snacks, and cat food categories by offering brands consumers trust for themselves and their families each day, including Folgers®, Dunkin'®, Café Bustelo®, Jif®, Uncrustables®, Smucker's®, Hostess®, Milk-Bone®, and Meow Mix®. Through our unwavering commitment to producing quality products, operating responsibly and ethically and delivering on our Purpose, we will continue to grow our business while making a positive impact on society. For more information, please visit jmsmucker.com.
The J.M. Smucker Co. is the owner of all trademarks referenced herein, except for Dunkin'®, which is a trademark of DD IP Holder LLC. The Dunkin'® brand is licensed to The J.M. Smucker Co. for packaged coffee products sold in retail channels, such as grocery stores, mass merchandisers, club stores, e-commerce and drug stores, and in certain away from home channels. This information does not pertain to products for sale in Dunkin'® restaurants.
Značka Uncrustables zvýšila tržby ve 4. čtvrtletí fiskálního roku 2026 o 8 % a stala se hlavním růstovým tahounem J.M. Smucker. Značka už tvoří 40 % ročních tržeb segmentu U.S. Retail Frozen Handheld and Spreads.
Key Takeaways Uncrustables sales rose 8% in Q4 2026, its strongest growth rate of the year. The brand drives 40% of annual sales in J.M. Smucker's U.S. frozen handheld and spreads segment. Uncrustables added about 3 million households, while 27% penetration leaves room for further growth. The J.M. Smucker Co. (SJM - Free Report) has several established brands across coffee, frozen foods and pet food, but Uncrustables continues to stand out as one of the company's most important growth platforms. Rising household adoption, broader distribution and continued innovation have helped the brand strengthen its contribution across multiple businesses.
The momentum continued in the fourth quarter of fiscal 2026. Uncrustables net sales increased 8%, marking the brand's strongest quarterly growth rate of the fiscal year. The performance helped the U.S. Retail Frozen Handheld and Spreads segment deliver 1% net sales growth despite declines in Jif peanut butter and Smucker's fruit spreads. The brand also supported the Away From Home segment, where higher Uncrustables demand contributed to 15% net sales growth during the quarter.
Uncrustables has now grown into an approximately $1 billion annual sales brand. Around 75% of sales come from U.S. Retail, with the remaining 25% generated through Away From Home channels. Within the U.S. Retail Frozen Handheld and Spreads segment, Uncrustables accounts for 40% of annual net sales, highlighting its increasing importance to the company's portfolio.
The growth opportunity remains substantial. Uncrustables added approximately 3 million new households over the past year, yet household penetration is still only 27%, leaving ample room for expansion. To build on that momentum, The J.M. Smucker is broadening distribution and introducing new offerings. Beginning this summer, all Uncrustables varieties will be fridge-friendly and remain fresh in the refrigerator for up to five days. It has also introduced varieties containing 12 grams of protein to expand into breakfast and morning snacking occasions.
Uncrustables has become more than a successful brand. Its expanding consumer reach, product innovation and presence across both retail and Away From Home channels make it one of SJM's most important organic growth platforms.
SJM Stock Price Performance, Valuation & EstimatesShares of the Zacks Rank #3 (Hold) company have gained 5.6% over the past year against the industry’s decline of 21.9%.
SJM Price Performance Versus Industry
Image Source: Zacks Investment Research
From a valuation standpoint, SJM trades at a forward price-to-earnings ratio of 10.96, lower than the industry’s average of 14.55.
SJM Valuation Compared to Industry
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for SJM’s current and next fiscal-year earnings per share implies year-over-year growth of 8.7% and 6.9%, respectively.
Better-Ranked Stocks to ConsiderUnited Natural Foods, Inc. (UNFI - Free Report) , a major food wholesaler serving grocery retailers, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for United Natural’s current and next fiscal-year earnings per share suggests a year-over-year increase of 254.9% and 21.4%, respectively. UNFI delivered a trailing four-quarter earnings surprise of 29.9%, on average.
Mama's Creations, Inc. (MAMA - Free Report) , a maker of refrigerated prepared foods for retail and foodservice, carries a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Mama's Creations’ current and next fiscal-year EPS suggests growth of 73.3% and 46.2%, respectively, from the prior-year reported levels. MAMA delivered a trailing four-quarter earnings surprise of 129.2%, on average.
Hormel Foods Corporation (HRL - Free Report) , a global branded food company offering meat, protein and packaged food products, carries a Zacks Rank #2.
The Zacks Consensus Estimate for Hormel Foods’ current and next fiscal-year EPS calls for a year-over-year jump of 9.5% and 3.5%, respectively. HRL delivered a trailing four-quarter earnings surprise of 3.2%, on average.
Smucker ve 4. fiskálním čtvrtletí překonal odhad zisku na akcii, když vykázal 2,77 USD, ale tržby ve výši 2,268 mld. USD odhad minuly. Společnost zároveň očekává ve fiskálním roce 2027 pokles tržeb o 3 % až 4 %.
A month has gone by since the last earnings report for Smucker (SJM - Free Report) . Shares have lost about 4% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Smucker due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers.
Smucker Q4 Earnings Beat Estimates, Sales Miss on Volume DipThe J. M. Smucker reported fourth-quarter fiscal 2026 results. Adjusted earnings were $2.77 per share, beating the Zacks Consensus Estimate of $2.65. Earnings increased 20% from the prior-year quarter, driven by higher pricing, increased adjusted gross profit, favorable SD&A expenses and lower interest expense.
Net sales were $2,268.1 million, up 6% year over year. However, the top line missed the Zacks Consensus Estimate of $2,271 million. Comparable net sales, excluding prior-year divestiture-related sales and favorable foreign currency exchange, increased 6%. Comparable net sales growth reflected a 10-percentage-point benefit from net price realization, mainly driven by higher pricing for coffee and sweet baked goods. This was partly offset by a 4-percentage-point decline in volume/mix, primarily due to decreases in coffee and sweet baked goods, partially mitigated by growth in Uncrustables sandwiches.
Adjusted gross profit increased 4% year over year to $835.3 million. The upside reflected higher net price realization, partially offset by increased costs, including commodity costs and tariffs, along with unfavorable volume/mix. The company incurred approximately $23 million in tariff expenses in the quarter, mainly impacting the U.S. Retail Coffee segment.
Adjusted operating income rose 14% to $482.1 million, reflecting increased adjusted gross profit and favorable SD&A expenses. Lower marketing spend and distribution costs more than offset higher general and administrative expenses.
Decoding SJM’s Q4 Segmental PerformanceU.S. Retail Coffee: Net sales increased 12% to $830.6 million, driven by higher pricing across the portfolio. Net price realization contributed 21 percentage points, while volume/mix declined 8 percentage points due to decreases in Dunkin’ and Folgers, partly offset by growth in Café Bustelo. Segment profit increased 1% to $214 million, as pricing gains and lower marketing spend mostly offset higher costs, including commodity costs and tariffs, and unfavorable volume/mix.
U.S. Retail Frozen Handheld and Spreads: Net sales rose 1% to $454.1 million. Net price realization added 2 percentage points, led by higher pricing for Uncrustables sandwiches and lower trade spend for Jif peanut butter. Volume/mix declined 2 percentage points, reflecting lower sales of Jif peanut butter and Smucker’s fruit spreads, partly offset by growth in Uncrustables. Segment profit surged 37% to $124.7 million, aided by lower marketing spend, higher pricing, lower costs, lapping equipment write-off charges and lower pre-production expenses tied to the new Uncrustables manufacturing facility.
U.S. Retail Pet Foods: Net sales increased 2% to $401.7 million. Pricing contributed 3 percentage points, driven by cat food and dog snacks, while volume/mix declined 2 percentage points due to weakness in dog snacks and the lapping of contract manufacturing sales related to divested pet food brands. Segment profit advanced 18% to $125.7 million, supported by higher pricing and lower marketing spend.
Sweet Baked Snacks: Net sales decreased 5% to $237.2 million. Excluding noncomparable sales related to the divestiture of certain Sweet Baked Snacks value brands, net sales declined 4%. Volume/mix reduced sales by 12 percentage points, mainly due to softness in snack cakes and breakfast products, partly offset by growth in donuts. Higher pricing contributed 8 percentage points. Segment profit rose 45% to $29 million, reflecting higher pricing and lower marketing expenses, partly offset by unfavorable volume/mix and higher costs. Management noted that the segment’s fourth-quarter sales exceeded expectations, aided by a faster-than-anticipated return to production following the February fire at its Emporia, KS, facility. Hostess Donettes grew net sales 13% in the quarter.
Away From Home: Net sales increased 15% to $228.3 million. Excluding favorable currency movements, sales rose 14%. Net price realization added 8 percentage points, mainly due to higher coffee pricing, while volume/mix contributed 6 percentage points, driven by increases in Uncrustables sandwiches, fruit spreads and coffee. Segment profit climbed 21% to $55.3 million, benefiting from higher pricing and favorable volume/mix, partly offset by higher costs. The company also began presenting Away From Home as a reportable segment, reflecting the business’s increased scale and strength.
SJM’s Financial Health Snapshot & GuidanceThe company ended fiscal 2026 with cash and cash equivalents of $58.6 million and long-term debt, excluding the current portion, of roughly $6.4 billion. Total shareholders’ equity was $5.5 billion. Cash provided by operating activities totaled $579.2 million in the quarter. Free cash flow was $483.9 million. For fiscal 2026, free cash flow totaled about $1.16 billion. The company returned $464.7 million to shareholders through dividends and repaid $720 million of debt during the year.
Smucker issued its fiscal 2027 outlook. The company expects net sales to decline 3% to 4% year over year, primarily due to lower net price realization and unfavorable volume/mix. Management noted that the sales decline mainly reflects expectations for green coffee deflation, as the company plans to pass lower costs to consumers through pricing.
Adjusted earnings per share are expected in the band of $9.75-$10.25, implying year-over-year growth of 7-12%. The guidance assumes an adjusted gross profit margin of approximately 38%, SD&A expenses rising about 5%, net interest expense of nearly $345 million, an adjusted effective tax rate of 24.3% and weighted-average shares outstanding of 107 million.
Free cash flow is projected to be approximately $1 billion, with capital expenditures of $325 million. Management expects to pay down about $500 million of debt in fiscal 2027 and move toward a leverage ratio of around 3.0 net debt to adjusted EBITDA by the end of the fiscal year. The company expects volume/mix growth across its key platforms — Uncrustables, Cafe Bustelo, Meow Mix and Milk-Bone — in fiscal 2027.
How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended upward during the past month.
VGM ScoresAt this time, Smucker has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with a C. Charting a somewhat similar path, the stock has a score of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Smucker has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
J.M. Smucker má dividendový výnos 3,78 % a vedení chce dál podporovat čtvrtletní dividendu, zatímco snižuje dluh. Firma zároveň plánuje splatit dalších 500 milionů USD dluhu.
The packaged-food aisle has become a graveyard for income stories, with GLP-1 drugs, private label, and tariffs squeezing every legacy brand. J.M. Smucker (NYSE:SJM | SJM Price Prediction) sits inside that storm with Folgers, Café Bustelo, Jif, Uncrustables, Milk-Bone, and Hostess on its shelves. For retirees, the question is simple: can the 3.78% yield survive the noise?
Dividend Snapshot Metric Value Annual Dividend $4.40 Dividend Yield 3.78% Consecutive Years of Increases 27+ Most Recent Quarterly Raise $1.08 to $1.10 (May 2026) Aristocrat/King Status No (gap in public record) Cash Flow Buries the GAAP Headline GAAP net income was negative $138.7 million in fiscal 2026, but that figure is polluted by the $980 million Hostess impairment. Cash tells the truer story.
Metric TTM Assessment Earnings Payout (Adj. EPS) ~48% Healthy FCF Payout ~40% Healthy Operating Cash Flow Coverage ~3.2x Strong Smucker generated $1.2 billion in free cash flow, up from $816.6 million, and returned $464.7 million via dividends. Adjusted EPS of $9.15 against a $4.40 dividend leaves comfortable cushion.
Leverage Is the Real Pressure Point Metric Value Assessment Debt-to-Equity ~1.93x Aggressive Net Debt-to-EBITDA 3.8x Elevated Interest Coverage (GAAP) 0.94x Tight Cash on Hand $58.6M Thin The Hostess deal saddled the balance sheet, and $381.2 million in interest expense nearly swallowed GAAP operating income. Management is actively deleveraging.
27 Straight Years of Raises Year Annual Dividend 2025 $4.36 2024 $4.28 2023 $4.16 2022 $4.02 2021 $3.78 Growth has slowed to roughly 2% annually, a clear signal management is preserving cash for debt paydown.
The CFO Spells Out the Capital Plan On the June 9 call, CFO Tucker Marshall said, “We want to support quarterly dividends and grow them where appropriate.” He added a concrete target: “We also plan to pay down an additional $500 million of debt to get down to around a 3x leverage profile by the end of this fiscal year.” Dividends rank above buybacks, which only come back after the leverage target is hit.
Verdict: Safe With Caveats Dividend Safety Rating: Safe. The $1.2 billion FCF cushion, $9.75 to $10.25 FY27 EPS guide, and explicit CFO commitment all support the payout. The asterisk is leverage and a guided 3% to 4% revenue decline next year. Smucker fits an income thesis if coffee deflation and Uncrustables keep cash flow above $1 billion. The bear case rests on Hostess deteriorating further and forcing another impairment cycle. For now, the check clears.
