Packaged food maker J.M. Smucker's Q2 sales slightly beat expectations

The J. M. Smucker

25/11/2025 12:15

Overview

J.M. Smucker fiscal Q2 net sales rise 3%, slightly beating analyst expectations

Adjusted EPS for fiscal Q2 meets analyst estimates despite a 24% decline yr/yr

Company updates full-year fiscal 2026 guidance, reflecting confidence in strategic priorities

Outlook

Company expects fiscal 2026 net sales to rise 3.5% to 4.5%

J.M. Smucker projects adjusted EPS for fiscal 2026 at $8.75 to $9.25

Free cash flow for fiscal 2026 expected to be around $975 mln

Result Drivers

NET SALES GROWTH - Driven by higher net pricing, particularly in coffee, despite a decrease in volume/mix

OPERATING INCOME INCREASE - Boosted by absence of prior year's loss from Voortman business sale

ADJUSTED EPS DECLINE - Impacted by higher commodity costs and unfavorable volume/mix

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Slight Beat*
$2.33 bln
$2.32 bln (14 Analysts)
Q2 Adjusted EPS
Meet
$2.10
$2.10 (15 Analysts)
Q2 EPS
$2.26
Q2 Net Income
$241.30 mln
Q2 Adjusted Operating Income
Beat
$394.30 mln
$380.11 mln (11 Analysts)
Q2 Operating Income
$418.50 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 "hold" 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 $118.00, about 11.6% above its November 24 closing price of $104.27

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

Press Release: ID:nPnbQXdb1a

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(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.)