J.M. Smucker Co. Reports 1% Decrease in Q1 Net Sales, Adjusted EPS Falls 22%
J.M. Smucker Co. reported a 1% decrease in Q1 net sales, totaling $2.113 billion, with adjusted EPS falling 22% to $1.90. Operating income dropped 87% to $45.6 million, while cash used for operations was $10.6 million. The company updated its fiscal 2026 outlook, raising net sales expectations due to strong brand performance. Despite challenges, Smucker is focused on long-term growth and enhancing shareholder value.
The J. M. Smucker Company has announced its financial results for the first quarter of fiscal year 2026, ending on July 31, 2025. The company’s net sales totaled $2.113 billion, marking a slight decrease of 1% from the prior year’s $2.125 billion. Excluding divestitures and foreign currency impacts, net sales increased by 2%. The company reported a net loss per diluted share of $0.41, while adjusted earnings per share came in at $1.90, a decline of 22% compared to the previous year. Operating income experienced a significant drop, decreasing by 87% to $45.6 million from $349.5 million. However, adjusted operating income decreased by 17% to $370.3 million. Cash used for operating activities was $10.6 million, a notable shift from the $172.9 million provided in the prior year. Free cash flow was negative at $94.9 million, compared to the $49.2 million positive free cash flow from the previous year. The J. M. Smucker Company has also updated its full-year fiscal 2026 financial outlook, raising its net sales expectations due to better-than-expected first-quarter results and sustained momentum for its portfolio of leading brands. The company remains focused on investing in key growth platforms to drive long-term growth and enhance shareholder value. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The J. M. Smucker Company published the original content used to generate this news brief via PR Newswire (Ref. ID: CL59512) on August 27, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
