The J. M. Smucker Company · SJM · Next earnings

The J. M. Smucker Company reports Tuesday, Nov 24, 2026

SJM reports before market open with consensus EPS at $2.51 and revenue at $2.26B. Last quarter: SJM Q4 Earnings: Uncrustables Crosses $1B as Coffee Deflation Lifts Margins

Reports Before market open65 days awayDate estimated Consumer Defensive

What the street expects

Consensus for the coming report
Consensus EPS $2.51 Calendar consensus
Consensus revenue $2.26B Calendar consensus
Report date Nov 24, 2026 Tuesday, date estimated
Session Before market open 65 days away

Where SJM left off: FY2026 Q4

Full report

SJM Q4 Earnings: Uncrustables Crosses $1B as Coffee Deflation Lifts Margins

EPS surprise +4.9% Reported $2.77 vs $2.64
Revenue surprise +0.5% Reported $2.27B vs $2.26B
Stock move +10.4% Event window
Subsequent drift -1.4% Up to 20 sessions

Guidance sentiment moved from maintained (Q3) to lowered (Q4). Full-year revenue is projected to decline 3-4%. Marketing spend will increase to roughly 5.7% of net sales in FY27, adding approximately $30 million. Cost inflation is expected to remain low single digits across packaging, ingredients, and transportation. Capex outlook is stable. Management continues to target leverage below 3x by end of next fiscal year, which could enable future share repurchases.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Macroeconomic uncertainty and inflation pressure on input costs outside of green coffee.
  • Geopolitical tensions affecting commodity prices, especially coffee, which could reverse the deflation tailwind.
  • Category softness in spreads and peanut butter, with reliance on promotional timing to drive volumes.
  • Uncertainty around potential tariff refunds, which create ambiguity in forward earnings projections.
  • Coffee import tariffs of approximately 10% remain an ongoing cost headwind.

Questions analysts left open

  • Prudence in top-line guidance and potential deceleration after Q1 of FY27.
  • Pricing strategy timing for coffee and spread categories.
  • Margin outlook for frozen handheld and pet segments.
  • Progress and acceleration of the transformation office initiatives and their measurable impact.
  • Potential impact of tariff refunds on the bottom line.

Ask FN2 about SJM next report

Transcript, numbers and history already loaded
What should I watch for in SJM's next earnings report?How did SJM guide last quarter, and is consensus above or below that?Give me the bull and bear case going into SJM earnings.

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

Get the SJM recap when the next report posts

One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.

Recent SJM quarters

All SJM earnings
+10.4%FY2026 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q4

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.