SJM
FY2026 Q4 · Calendar Q2 2026
The J. M. Smucker Company
J.M. Smucker closed fiscal 2026 with a fourth-quarter EPS beat ($2.77 vs. $2.64 estimate, +4.9%) and a modest revenue beat ($2.27B vs. $2.26B estimate, +0.5%), driven by green coffee deflation expanding margins and Uncrustables crossing the $1 billion sales milestone. The stock surged 10.4% on the print, on 2.8x normal volume. Management lowered full-year revenue guidance, projecting a 3-4% decline, but expressed confidence in margin expansion through pricing actions, cost savings, and ongoing transformation initiatives. The central tension is between strong bottom-line execution and a softening top-line outlook, compounded by a planned step-up in marketing spend to 5.7% of net sales in FY27 (approximately $30 million in incremental investment). At $122.21, the stock sits modestly above the analyst consensus target of $121.00, suggesting the market is pricing in continued margin…
EPS surprise+4.9%
Market move+10.4%
