The J. M. Smucker Company (NYSE: SJM) manufactures and markets branded coffee, frozen sandwiches, spreads, pet foods and snacks, and sweet baked goods, primarily in North America. Its brands include Folgers, Café Bustelo, Uncrustables, Jif, Smucker’s, Meow Mix, Milk-Bone and Hostess. It also licenses Dunkin’ for packaged coffee, excluding products sold in Dunkin’ restaurants.
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A snapshot of what J M SMUCKER Co owns and owes at a point in time.
Read the company’s balance sheet in the original annual reports below.
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3 reports in this collection
| Report period | Filed with SEC | Form | Source |
|---|---|---|---|
| Apr 30, 20240000091419-24-000054 | Jun 18, 2024 | 10-K | Open 10-Ksec.gov |
| Apr 30, 20250000091419-25-000056 | Jun 18, 2025 | 10-K | Open 10-Ksec.gov |
| Apr 30, 20260000091419-26-000050 | Jun 9, 2026 | 10-K | Open 10-Ksec.gov |
Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.
Smucker’s latest improvement combines stronger operating results with benefits that should not be treated as recurring growth. Fiscal 2026 sales increased through pricing, but adjusted operating profit declined as coffee costs, tariffs and Sweet Baked Snacks weakness outweighed improvements elsewhere. Cash generation strengthened partly because cash taxes and capital spending fell, supporting debt reduction despite another GAAP net loss. The subsequent quarter ended July 31, 2026 brought higher sales and earnings, including substantial tariff refunds and a favorable derivative comparison. Management raised fiscal 2027 guidance, although it still expects sales to decline. Uncrustables and Away From Home provide operating offsets, while Hostess recovery, consumer price sensitivity, concentrated customers and suppliers, and substantial debt remain central dependencies. The evidence supports improvement, not a completed turnaround or a permanently higher earnings run rate.
Sources: 10-K · 2026-04-30 · 10-Q · 2026-07-31 · EX-99.1 · 2026-08-26
Smucker sells through retailers, distributors and foodservice operators. Its economics depend on recovering ingredient, manufacturing and distribution costs through prices and product mix without losing purchases or shelf space. Coffee is the largest segment; Uncrustables provides growth within a broader spreads business. Away From Home became separately reportable in fiscal 2026, with fiscal 2024 and 2025 comparisons recast; International is now Other. Sweet Baked Snacks remains separate across channels. Walmart/Sam’s Club accounted for 34% of fiscal 2026 sales and the ten largest customers approximately 60%, generally without long-term purchase commitments.
Sources: 10-K · 2026-04-30
For the year ended April 30, 2026, sales increased 4% to $9,050.9 million. Excluding divestitures and currency, management reported 5% growth: pricing added nine percentage points while volume/mix subtracted four. GAAP operating income recovered to $360.2 million, primarily because impairment and disposal charges were lower. Adjusted operating income instead declined 8% to $1,678.3 million, and adjusted EPS fell from $10.12 to $9.15. Coffee inflation, tariffs and weaker volume/mix outweighed pricing. Sweet Baked Snacks profit fell 56%, even on a segment measure excluding impairments. Frozen Handheld and Spreads, Pet Foods and Away From Home provided offsets.
Sources: 10-K · 2026-04-30
Fiscal 2026 operating cash flow reached $1,473.6 million, despite a $138.7 million GAAP net loss. Cash taxes fell to $42.1 million from $332.1 million, reflecting payment timing, lower taxable income and accelerated deductions under July 2025 legislation. Capital expenditure declined to $317.4 million, lifting company-defined free cash flow to $1,156.2 million. Free cash flow means operating cash flow less capital expenditure, not profit or cash remaining after dividends and debt repayments. Cash dividends consumed $464.7 million; no board-authorized repurchases occurred. Tax timing and working-capital benefits do not establish permanently stronger cash earnings.
Sources: 10-K · 2026-04-30
Debt carrying value declined from $8,364.0 million in April 2024 to $6,963.7 million in April 2026 and $6,737.8 million in July 2026. July cash was $43.2 million. The remaining $150.0 million term loan matures March 5, 2027. A $2.0 billion revolver, undrawn at July 31 and maturing March 2030, backs commercial paper; those limits are not additive and neither represents cash. The company reported covenant compliance, but actual interest-coverage calculations and quantitative headroom are unavailable. Its liquidity assessment assumes continued cash generation and financing access without a material acquisition or other significant investment.
Sources: 10-K · 2024-04-30 · 10-K · 2026-04-30 · 10-Q · 2026-07-31
Hostess-related impairments in fiscal 2025 and 2026 reflect reduced expected returns, not merely presentation changes. All remaining Sweet Baked Snacks goodwill was written off, while the Hostess trademark became finite-lived and subject to amortization. Completed integration and plant consolidation have not established commercial recovery. Other dependencies include entirely foreign-sourced green coffee, concentrated New Orleans production, key suppliers, retailer purchasing decisions and consumer resistance to prices. Folgers litigation losses and additional Voortman claim recoveries remain uncertain. Absence of a recorded litigation provision does not mean zero exposure.
Sources: 10-K · 2025-04-30 · 10-K · 2026-04-30 · 10-Q · 2026-07-31
The August 26, 2026 disclosures cover fiscal 2027’s first quarter, ended July 31. Sales rose 5% to $2,219.3 million and adjusted EPS reached $3.24, including a $0.84 tariff-refund benefit. Approximately $115.0 million reduced product costs and approximately $4.0 million contributed interest income; these overlap with, rather than supplement, the EPS benefit. GAAP earnings also benefited from derivative timing. Management raised annual adjusted EPS guidance to $10.50–$11.00 and expected sales to decline 1%–2%, versus the June outlook’s $9.75–$10.25 and 3%–4% decline. The revised forecast includes planned reinvestment and excludes changes to tariffs or refunds already received; it is not an achieved result.
Sources: EX-99.1 · 2026-06-09 · 10-Q · 2026-07-31 · EX-99.1 · 2026-08-26
USD 8.1787 bn
FY2024 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2024 | USD 8.1787 bn | — |
Consolidated revenue net of promotions, discounts, returns and similar allowances; Hostess included only after acquisition.
Sources: 10-K · 2026-04-30
USD 9.0509 bn
FY2026 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2026 | USD 9.0509 bn | 3.7% |
| 2025 | USD 8.7261 bn | — |
Consolidated revenue net of promotions, discounts, returns and similar allowances.
Sources: 10-K · 2026-04-30
USD -138.7 m
FY2026 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2026 | USD -138.7 m | Loss narrowed |
| 2025 | USD -1.2308 bn | Turned loss-making |
| 2024 | USD 744 m | — |
Consolidated net income or loss after income-tax expense.
Sources: 10-K · 2026-04-30
USD 1.4736 bn
FY2026 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2026 | USD 1.4736 bn | 21.7% |
| 2025 | USD 1.2104 bn | -1.5% |
| 2024 | USD 1.2294 bn | — |
GAAP operating cash flow, including tax payments and working-capital movements.
Sources: 10-K · 2026-04-30
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