J.M. Smucker Q3 revenue slightly beats estimates on higher coffee prices

The J. M. Smucker

26/02/2026 12:09

Overview

Food producer's fiscal Q3 revenue rose 7%, slightly beating analyst expectations

Adjusted EPS for fiscal Q3 beat analyst expectations

Net loss per share reflects impairment charges for Sweet Baked Snacks unit

Outlook

Company expects full-year net sales to increase 3.5% to 4.0%

J.M. Smucker maintains full-year adjusted EPS guidance of $8.75 to $9.25

Company sees full-year free cash flow at $975 mln

Result Drivers

NET PRICE REALIZATION - Higher net pricing for coffee drove a 10 percentage point increase in comparable net sales

CASH FLOW INCREASE - Cash flow rose significantly due to reduced working capital needs and lower tax payments

IMPAIRMENT CHARGES - Noncash impairment charges for Sweet Baked Snacks unit affected adjusted EPS

Company press release: ID:nPn3YTKJqa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Slight Beat*
$2.34 bln
$2.32 bln (14 Analysts)
Q3 Adjusted EPS
Beat
$2.38
$2.27 (15 Analysts)
Q3 EPS
-$6.79
Q3 Net Income
-$724.20 mln
Q3 Adjusted Operating Income
Beat
$431.60 mln
$411.24 mln (11 Analysts)
Q3 Operating Income
-$548.40 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the food processing peer group is "buy"

Wall Street's median 12-month price target for J M Smucker Co is $112.50, about 5.5% above its February 25 closing price of $106.60

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)