SJM
Updated: 23/09/2026, 17:28:35
The J. M. Smucker Company is an international enterprise specializing in the production and marketing of a diverse portfolio of branded food and beverage items. Its operations are organized into three principal U.S. retail divisions: Pet Foods, Coffee, and Consumer Foods. The company's extensive product offerings encompass various coffee options, including roast, ground, single-serve, and premium blends; a wide selection of spreads such as peanut butter and fruit preserves; cooking staples like shortening and oils; convenient frozen sandwiches and snacks; and a full range of pet food and treats. Additionally, Smucker provides hot beverages, portion-controlled items, and flour products for the foodservice sector, alongside frozen handheld meals, juices, beverages, and baking ingredients. These items are marketed under numerous recognizable brands, including Meow Mix, 9Lives, Kibbles 'n Bits, Milk-Bone, Pup-Peroni, Rachael Ray Nutrish, Nature's Recipe, Folgers, Café Bustelo, Dunkin', 1850, Jif, Smucker's, Smucker's Uncrustables, Robin Hood, and Five Roses. The company distributes its products through a vast network, utilizing both direct sales and brokers to reach grocery stores, club stores, discount and dollar retailers, online platforms, pet specialty stores, natural food outlets and their distributors, pharmacies, military commissaries, and large mass merchandisers. Founded in 1897, The J. M. Smucker Company is headquartered in Orrville, Ohio.
No summaries found.
Reported and calculated KPIs plus operational exposure disclosed in the FY 2026 filing.
Revenue
N/A
FY — · Reported
Net income
$-0.1B
FY 2026 · Reported
Gross margin
N/A
FY — · Reported
Free cash flow
$1.2B
FY 2026 · Calculated
R&D intensity
N/A
FY — · Reported
Share repurchases
$0.0B
FY 2026 · Reported
Area-level product sales are displayed only when the filing reports a product × geography breakdown. Regional totals are not allocated across products by estimation.
Map layer
Pins show disclosed operations. The heatmap colors the filing’s reported geographies; regional figures shade the region and are not estimates for each country.
Only locations and quantities explicitly supported by the filing are displayed. A country-level manufacturing percentage or product allocation is shown only when the source discloses it; materiality scores are never presented as production shares.
Company overview and brand leadership
Leads in coffee, peanut butter, fruit spreads, frozen handheld, sweet baked goods, dog snacks, and cat food categories across North America with brands including Folgers, Dunkin', Café Bustelo, Jif, Uncrustables, Smucker's, Hostess, Milk-Bone, and Meow Mix.
“we are proud to lead in the coffee, peanut butter, fruit spreads, frozen handheld, sweet baked goods, dog snacks, and cat food categories by offering brands consumers trust”
Company overview
Smucker, established 1897, manufactures and markets branded food and beverage products worldwide; majority of sales in U.S., operations outside U.S. principally Canada
“We operate principally in one industry, the manufacturing and marketing of branded food and beverage products on a worldwide basis, although the majority of our sales are in the United States”
Five reportable segments
U.S. Retail Coffee; U.S. Retail Frozen Handheld and Spreads; U.S. Retail Pet Foods; Sweet Baked Snacks; Away From Home.
“We have five reportable segments: U.S. Retail Coffee, U.S. Retail Frozen Handheld and Spreads, U.S. Retail Pet Foods, Sweet Baked Snacks, and Away From Home.”
Five reportable segments
Five reportable segments: U.S. Retail Coffee, U.S. Retail Frozen Handheld and Spreads, U.S. Retail Pet Foods, Sweet Baked Snacks, Away From Home
“We have five reportable segments: U.S. Retail Coffee, U.S. Retail Frozen Handheld and Spreads, and U.S. Retail Pet Foods (the “U.S. Retail reportable segments”), Sweet Baked Snacks, and Away From Home”
Distribution channels
Products sold through retail, club, dollar, online, pet specialty, drug, military, vending, and foodservice channels
“sold through a combination of direct sales and brokers to food retailers, club stores, discount and dollar stores, online retailers, pet specialty stores, drug stores, military commissaries, mass merchandisers, and distributors”
Sweet Baked Snacks and Away From Home channels
Sweet Baked Snacks distributed across all channels domestically and foreign; Away From Home sold through foodservice distributors and operators domestically and in foreign countries.
“The Away From Home reportable segment includes the sale of all products domestically and in foreign countries through foodservice distributors and operators”
U.S. Retail channel mix
U.S. Retail products sold through direct sales and brokers to food retailers, club stores, discount and dollar stores, online retailers, pet specialty stores, drug stores, military commissaries, mass merchandisers, and distributors.
“primarily sold through a combination of direct sales and brokers to food retailers, club stores, discount and dollar stores, online retailers, pet specialty stores, drug stores, military commissaries, mass merchandisers, and distributors”
International sales share
Net sales outside the U.S. represented 4 percent of consolidated net sales for 2026
“Net sales outside the U.S., subject to foreign currency translation, represented 4 percent of consolidated net sales for 2026”
Net sales by product category FY2026-2024
Total net sales $9,050.9 (2026), $8,726.1 (2025), $8,178.7 (2024); Coffee $3,768.7, Frozen handheld $995.7, Sweet baked goods $971.3, Pet snacks $886.0, Peanut butter $786.1, Cat food $776.0
“Total net sales$9,050.9 $8,726.1 $8,178.7”
Raw materials and green coffee sourcing
Green coffee sourced solely from foreign countries with high price volatility; peanuts, flour, sugar, oils, fats, fruit mainly from North America
“Green coffee, along with certain other raw materials, is sourced solely from foreign countries, and its supply and price is subject to high volatility”
Hostess manufacturing footprint from acquisition
Hostess acquisition included six manufacturing facilities in Emporia KS; Burlington ON; Chicago IL; Columbus GA; Indianapolis IN; Arkadelphia AR; plus a distribution facility in Edgerton, KS.
“the transaction included six manufacturing facilities located in Emporia, Kansas; Burlington, Ontario; Chicago, Illinois; Columbus, Georgia; Indianapolis, Indiana; and Arkadelphia, Arkansas”
Single-site manufacturing concentration
Substantially all coffee production takes place in New Orleans, Louisiana; Milk-Bone dog snacks and fruit spreads also consolidated into single manufacturing sites.
“substantially all of our coffee production takes place in New Orleans, Louisiana and is subject to risks associated with hurricane and other weather-related events”
KDP single-source supplier
KDP is the primary supplier of single-serve K-Cup pods and single-source supplier of liquid coffee for the Away From Home business.
“KDP is our primary supplier of single-serve pods and the single-source supplier of liquid coffee for our Away From Home business”
Graham Packaging supplier dependency
Graham Packaging is single-source supplier for Folgers packaging and primary supplier for Jif peanut butter packaging.
“Graham Packaging Company, L.P. (“Graham Packaging”) is the single-source supplier for packaging used in our Folgers coffee products and primary supplier for packaging used in our Jif peanut butter products”
Supplier financing program
Supplier payment terms range from 0 to 180 days; $325.1M (2026) and $340.4M (2025) of payment obligations were sold to a financial institution by participating suppliers.
“As of April 30, 2026 and 2025, $325.1 and $340.4 of our outstanding payment obligations, respectively, were elected and sold to a financial institution by participating suppliers”
Single-source supply arrangements
Certain plastic packaging for Folgers and Jif, K-Cup pods, Pup-Peroni, and liquid coffee sourced from primary or single sources under long-term contracts
“we have elected to source certain plastic packaging materials for our Folgers® coffee products, as well as our Jif® peanut butter, and certain finished goods, such as K-Cup® pods, our Pup-Peroni® dog snacks, and liquid coffee, from primary or single sources of supply pursuant to long-term contracts”
Union representation
As of April 30, 2026, 21 percent of full-time employees, at eight manufacturing locations, are covered (strike/work stoppage risk).
“As of April 30, 2026, 21 percent of our full-time employees, located at eight manufacturing locations, are”
Hostess Brands acquisition
Acquired Hostess Brands on November 7, 2023 for total purchase consideration of $5.4 billion ($34.25/share: $30.00 cash + 0.03002 shares), including six manufacturing facilities and the Voortman cookie brand at acquisition.
“The total purchase consideration in connection with the acquisition was $5.4 billion”
Hostess Brands acquisition
Acquired Hostess Brands, Inc. on November 7, 2023 in a cash and stock transaction
“On November 7, 2023, we completed a cash and stock transaction to acquire Hostess Brands, Inc.”
Sweet Baked Snacks value brands divestiture
Sold certain Sweet Baked Snacks value brands to JTM on March 3, 2025; net sales ~$48.4 (2025) and $30.0 (2024); net proceeds $34.6; pre-tax loss $44.2; ~400 employees transferred.
“On March 3, 2025, we sold certain Sweet Baked Snacks value brands to JTM.”
Voortman divestiture
Sold Voortman business to Second Nature on December 2, 2024; net sales of $86.3 (2025) and $65.0 (2024); net proceeds $291.4; pre-tax loss $265.9.
“the Voortman business generated net sales of approximately $86.3 and $65.0 in 2025 and 2024, respectively”
Sweet Baked Snacks value brands sale to JTM Foods
Sold certain Sweet Baked Snacks value brands to JTM Foods on March 3, 2025 (brands generated ~$48.4 net sales in 2025)
“On March 3, 2025, we sold certain Sweet Baked Snacks value brands to JTM Foods, LLC (“JTM”)”
Canada condiment and Sahale Snacks divestitures
Sold Canada condiment business to TreeHouse Foods (Jan 2, 2024; net sales $43.8; proceeds $25.3; loss $5.7) and Sahale Snacks to Second Nature (Nov 1, 2023; net sales $24.1; proceeds $31.6; loss $6.7).
“On January 2, 2024, we sold the Canada condiment business to TreeHouse Foods.”
Recent strategic divestitures
Divestitures of certain Sweet Baked Snacks value brands, Voortman, Canada condiment, and Sahale Snacks businesses, among others.
“including the divestitures of certain Sweet Baked Snacks value brands, and the Voortman, Canada condiment, and Sahale Snacks businesses, among others”
Voortman sale to Second Nature Brands
Sold Voortman business to Second Nature Brands on December 2, 2024 (net sales ~$86.3 in 2025)
“On December 2, 2024, we sold the Voortman® business to Second Nature Brands (“Second Nature”)”
Company-wide transformation initiative and debt repayment focus
Focused on transformation initiative for sustainable productivity gains and margin expansion; cash deployment strategy includes significant focus on debt repayment.
“we remain focused on executing our company-wide transformation initiative, which is designed to translate our continuous improvement mindset into sustainable productivity gains”
Input cost inflation and tariffs in 2026
During 2026, continued input cost inflation, tariffs, regulatory/policy changes, and consumer health-and-wellness shifts; required price increases; could persist into 2027.
“During 2026, we continued to experience input cost inflation and a dynamic macroeconomic environment, including tariffs, regulatory and policy changes, and shifts in consumer behavior”
Long-term strategic growth objectives
Long-term objectives: net sales up low single-digit %, adjusted operating income up mid single-digit %, adjusted EPS up high single-digit % on average.
“Our strategic growth objectives include net sales increasing by a low single-digit percentage and operating income excluding non-GAAP adjustments”
Sweet Baked Snacks impairment charges in FY2026
Q3 FY2026 interim impairment test recognized $961.7M pre-tax charges ($507.5M Sweet Baked Snacks goodwill — full remaining carrying value; $454.2M Hostess trademark).
“we recognized total pre-tax impairment charges of $961.7 during the third quarter of 2026, of which $507.5 and $454.2 related to the goodwill of the Sweet Baked Snacks reporting unit and the Hostess brand indefinite-lived trademark, respectively”
Macroeconomic conditions risk
Macroeconomic deterioration, inflation, tariffs, and recession risk may adversely affect consumer spending and demand; consumers could trade down to private label.
“consumers could choose to purchase private label or competitive products of our lower-priced products as a result of an economic downturn”
Hostess Brands integration risk
Company may not realize all anticipated benefits of the Hostess Brands acquisition; integration substantially complete but execution risks remain.
“we may not realize all of the anticipated benefits of the acquisition of Hostess Brands, or those benefits may take longer to realize than expected”
IP dependence: trade secrets and licensed Dunkin' trademarks
Coffee roasting methods and Uncrustables manufacturing methods are unprotected trade secrets; Dunkin' trademarks are licensed from third parties and renewal risk exists.
“certain of our intellectual property rights, including the Dunkin’ trademarks, are owned by third parties and licensed to us”
Pup-Peroni brand impairment susceptibility
Pup-Peroni brand (U.S. Retail Pet Foods) fair value exceeded carrying value by less than 10% at annual test; susceptible to future impairment.
“with the exception of the Pup-Peroni brand within the U.S. Retail Pet Foods reportable segment, which is susceptible to future impairment charges”
Leverage and refinancing risk
Substantial indebtedness requires use of operating cash flow for interest and principal; refinancing may be at higher rates with more onerous covenants.
“Our debt service obligations will require us to use a portion of our operating cash flow to pay interest and principal on indebtedness rather than for other corporate purposes”
Natural disaster exposure at production facilities
Production facilities in Alabama, Kansas, Arkansas, and California are in tornado/wildfire-prone areas; coffee in New Orleans exposed to hurricanes.
“some of our production facilities are located in places where tornadoes or wildfires can frequently occur, such as Alabama, Kansas, Arkansas, and California”
Private label competition
Private label held 14.0 dollar average market share (U.S. Retail and Sweet Baked Snacks) and 22.2 (Away From Home) in 2026 vs 13.7 and 22.9 prior year
“private label held a 14.0 dollar average market share during the 52 weeks ended April 19, 2026”
Litigation and adverse publicity risk incl. ultra-processed food claims
Exposure to consumer claims including that a product is an ultra-processed food, plus labeling, packaging, and securities litigation risk.
“including that a product is an ultra-processed food or contains certain ingredient(s)”
Walmart accounts for 34% of FY2026 net sales and ~$187.4 of trade receivables; top 10 customers ~60% of consolidated net sales.
“Sales to Walmart Inc. and subsidiaries, including Sam’s Club, amounted to 34 percent of net sales in 2026”
Green coffee is the largest product category input ($3.77B coffee sales) and is sourced solely from foreign countries with high supply/price volatility driven by weather, geopolitics, and tariffs.
“Green coffee, along with certain other raw materials, is sourced solely from foreign countries, and its supply and price is subject to high volatility”
KDP is primary supplier of single-serve pods and single-source supplier of liquid coffee for the Away From Home business; limited alternative manufacturers exist.
“There are a limited number of manufacturers, other than KDP, capable of producing liquid coffee for use in our systems.”
Sweet Baked Snacks underperformed on net sales and segment profit driven by weak consumer discretionary spending and category headwinds, triggering $961.7M impairments.
“both net sales and segment profit continued to underperform as compared to plan for the Sweet Baked Snacks reportable segment, reflecting sustained challenges in the sweet baked goods category”
Substantially all coffee production is concentrated in New Orleans, exposed to hurricanes and weather events.
“substantially all of our coffee production takes place in New Orleans, Louisiana and is subject to risks associated with hurricane and other weather-related events”
Input cost inflation in FY2026 forced price increases across certain areas while consumers were selective in spending, compressing gross profit (33.5% vs 38.8%).
“these higher costs have required price increases across certain areas of our business during 2026 as consumers faced broader inflationary pressures and were selective in their spending”
Consumer discretionary spending pressure drove Sweet Baked Snacks underperformance; economic downturn may shift consumers to private label.
“inclusive of continued pressures on consumer discretionary spending and an evolving regulatory environment”
Pressure on consumer discretionary spending and reduced discretionary income from inflation drove Sweet Baked Snacks underperformance and impairment charges.
“continued pressures on consumer discretionary spending and an evolving regulatory environment”
Single-source packaging supplier for Folgers coffee and primary supplier for Jif peanut butter packaging.
“If KDP or Graham Packaging is unable to supply these products or packaging for any reason, we may be unable to secure alternative sources on commercially reasonable terms”
Hostess acquisition added sweet baked goods segment ($5.4B consideration) but Sweet Baked Snacks was resized by Voortman and value brands divestitures with large pre-tax losses ($265.9 and $44.2).
“On November 7, 2023, we completed a cash and stock transaction to acquire Hostess Brands, a manufacturer and marketer of sweet baked goods brands”
Tariffs cited as part of dynamic macroeconomic environment affecting costs and potential supply chain disruptions, possibly persisting into 2027.
“including the impact of potential shipping delays driven by supply and demand imbalances, labor shortages, and tariffs”
Uncrustables sandwich-making methods are trade secrets not protected by patents; copying by competitors could diminish brand value.
“If our competitors copy or develop more advanced coffee roasting or packaging or sandwich-making methods, the value of our coffee products or Uncrustables brand, respectively, may be diminished”
Company sources packaging for Folgers and Jif from primary/single sources; loss or extended interruption would add costs and disrupt business.
“We have elected to source certain raw materials, such as packaging for our Folgers coffee and Jif peanut butter brands, certain finished goods, such as K-Cup® pods, our Pup-Peroni dog snacks, and liquid coffee, from primary or single sources of supply”
Shifts in consumer behavior including health and wellness trends and selective spending affect demand for company products.
“shifts in consumer behavior, including health and wellness trends, which could persist into 2027”
Timing and extent of U.S. tariffs on imports/exports and retaliatory measures are uncertain and could impact the business.
“the timing, duration, and extent of newly imposed, increased, or reduced tariffs imposed by the U.S. on imports and exports and the expected retaliatory measures by other countries on U.S. goods and the impact on our business are uncertain”
Monitoring ongoing geopolitical conflicts and evolving international trade/regulatory conditions for escalation that could disrupt economic activity or supply chains.
“We are closely monitoring ongoing geopolitical conflicts, as well as evolving international trade and regulatory conditions, for any escalation that could significantly disrupt economic activity or supply chains.”
Significant supply chain disruptions could arise from geopolitical events, shipping delays, and supply/demand imbalances; production maintained across all facilities.
“significant supply chain disruptions could arise if certain geopolitical events continue to impact global markets”
The Kraft Heinz Company is listed as a competitor in mainstream roast and ground coffee against Folgers and Café Bustelo.
“Maxwell House and Yuban The Kraft Heinz Company”
Labor shortages and attrition identified as factors affecting supply chain and business whose impact is difficult to predict.
“the extent to which inflation and supply chain disruptions, including labor availability and attrition, may affect our business”
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