SJM Filings — The J. M. Smucker Company - FilingSpy
SJM
The J. M. Smucker Company
A maker of packaged foods sold mainly in U.S. grocery aisles, with brands like Folgers coffee, Jif peanut butter, Uncrustables frozen sandwiches, Meow Mix cat food, Milk-Bone dog treats, and Hostess snack cakes. It began in 1897 when Jerome Monroe Smucker sold apple butter door-to-door from a horse-drawn wagon in Orrville, Ohio, hand-signing each crock to vouch for its quality. That promise later became its famous slogan, "With a name like Smucker's, it has to be good!"
J.M. Smucker reports Q1 FY2027 net sales up 5% to $2.2B, adjusted EPS $3.24, raises full-year outlook
First quarter net sales were $2.2 billion, up $106.0 million or 5% from the prior year.
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Adjusted earnings per share was $3.24, up 71%, including a $0.84 benefit from tariff refunds.
Cash provided by operating activities was $425.7 million, compared to cash used of $10.6 million in the prior year.
The company raised its full-year fiscal 2027 outlook: net sales now expected to decrease 1.0% to 2.0%, adjusted EPS of $10.50 to $11.00, and free cash flow of approximately $1.1 billion.
Segment results: U.S. Retail Coffee net sales up 13%, Frozen Handheld and Spreads up 3%, Pet Foods up 1%, Sweet Baked Snacks down 7%, Away From Home up 3%.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Smucker shareholders elect 11 directors, ratify Ernst & Young, and approve executive compensation at 2026 annual meeting.
The J. M. Smucker Company held its virtual Annual Meeting of Shareholders on August 12, 2026, with 91,893,859 shares represented, constituting a quorum.
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Shareholders elected all eleven director nominees to one-year terms expiring at the 2027 Annual Meeting; each received a majority of votes cast, with votes for ranging from 76,403,914 to 77,137,701.
Shareholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year ending April 30, 2027, with 88,326,304 votes for, 3,286,402 against, and 281,153 abstentions.
On an advisory basis, shareholders approved the company's executive compensation, with 74,735,892 votes for, 2,776,717 against, and 367,806 abstentions.
The report was filed under Item 5.07 to disclose the final voting results of the matters submitted to a shareholder vote.
5.07 Submission of Matters to a Vote of Security Holders
J.M. Smucker reports Q3 FY2026 net sales up 7% to $2.3B, adjusted EPS down 9% to $2.38
Net sales for the quarter ended January 31, 2026, were $2.3 billion, up 7% from the prior year, with comparable net sales up 8%.
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Net loss per diluted share was $6.79, reflecting noncash impairment charges; adjusted earnings per share was $2.38, down 9%.
Cash provided by operations was $558.5 million, and free cash flow was $487.0 million, both up significantly from the prior year.
The company updated its full-year fiscal 2026 outlook: net sales increase of 3.5% to 4.0%, adjusted EPS of $8.75 to $9.25, and free cash flow of $975.0 million.
The guidance change reflects the estimated impact of a recent fire at the Emporia, Kansas manufacturing facility.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
J.M. Smucker expands board to 11, appoints Bruce Chung and David Singer as directors effective April 15, 2026.
Both new directors will serve on the Audit Committee; Mercedes Abramo will move from the Audit Committee to the Nominating, Governance, and Corporate Responsibility Committee, effective the same date.
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The Board of Directors increased its size from 10 to 11 members and elected Woo-Sung (Bruce) Chung and David Singer, effective April 15, 2026.
Chung is EVP and CFO of NRG Energy; Singer is former CEO of Snyder's-Lance and former EVP and CFO of Coca-Cola Consolidated.
The appointments follow constructive engagement with Elliott Investment Management, and the company entered into an information-sharing agreement with Elliott.
Each new director will receive standard non-employee director compensation and will enter into the company's standard indemnity agreement.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure
J.M. Smucker eliminates COO role; John Brase departs, Mark Smucker adds President title.
John Brase is no longer an executive officer, effective February 9, 2026; a separation agreement is anticipated.
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Mark Smucker, CEO and Chair, now also serves as President with title Chief Executive Officer, President and Chair of the Board.
Tucker Marshall promoted to CFO | EVP, Frozen Handheld and Spreads and Sweet Baked Snacks; base salary increased to $745,000.
Jill Penrose promoted to Chief People and Administrative Officer | Chief of Staff; base salary increased to $645,000.
Robert Ferguson elected executive officer as Chief Product Supply Officer | EVP, Coffee, Pet, and Away From Home; base salary $700,000.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 8.01 Other Events · 9.01 Financial Statements and Exhibits
J.M. Smucker reports Q2 FY2026 net sales of $2.3B, up 3%, and updates full-year outlook
Net sales for the quarter ended October 31, 2025, were $2.33 billion, up 3% from the prior year, or 5% excluding divestitures and foreign currency exchange.
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Net income per diluted share was $2.26, while adjusted earnings per share was $2.10, down 24% from the prior year.
Cash provided by operations was $346.5 million, and free cash flow was $280.2 million, both lower than the prior year.
The company updated its full-year fiscal 2026 guidance: net sales growth of 3.5% to 4.5%, adjusted EPS of $8.75 to $9.25, and free cash flow of approximately $975 million.
Segment results varied, with U.S. Retail Coffee net sales up 21% and International and Away From Home up 9%, while U.S. Retail Frozen Handheld and Spreads, U.S. Retail Pet Foods, and Sweet Baked Snacks saw declines.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits