J M SMUCKER Co

SJM 10-Q ยท Q1 2026

SJM Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Cost of Revenue 1,638.6 1,327.9 +23.4%
Show Business Segments breakouts
All Other Segments 190.3 183.4 +3.8%
Sweet Baked Snacks 176.8 210.4 -16.0%
U.S. Retail Coffee 498.9 372.9 +33.8%
U.S. Retail Frozen Handheld and Spreads 299.3 307.2 -2.6%
U.S. Retail Pet Foods 204.8 218.7 -6.4%
Gross Profit 474.7 797.2 -40.5%
General & Administrative -79.2 -82 +3.4%
Selling, General & Administrative 377.4 390.1 -3.3%
Show Business Segments breakouts
All Other Segments 35.4 40.3 -12.2%
Sweet Baked Snacks 41.2 49.6 -16.9%
U.S. Retail Coffee 84 77.8 +8.0%
U.S. Retail Frozen Handheld and Spreads 70.8 70.6 +0.3%
U.S. Retail Pet Foods 66.8 69.9 -4.4%
Operating Income 45.6 349.5 -87.0%
Other Non-Operating Income (Expense) -1.9 -3.1 +38.7%
Income Before Taxes -56.5 246 -123.0%
Income Tax Expense (Benefit) -12.6 61 -120.7%
Net Income -43.9 185 -123.7%
Show Equity Components breakouts
Retained Earnings -43.9 185 -123.7%
Show Earnings per Share Method [Axis] breakouts
Treasury Stock Method [Member] -43.9 185 -123.7%
Two-class method -43.9 185 -123.7%
Comprehensive Income -41.9 187.4 -122.4%
Other Comprehensive Income 2 2.4 -16.7%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 2 2.4 -16.7%
EPS (Basic) -0.41 1.74 -123.6%
Show Earnings per Share Method [Axis] breakouts
Two-class method -0.41 1.74 -123.6%
EPS (Diluted) -0.41 1.74 -123.6%
Show Earnings per Share Method [Axis] breakouts
Treasury Stock Method [Member] -0.41 1.74 -123.6%
Two-class method -0.41 1.74 -123.6%
Wtd Avg Shares (Basic) (Q) โ€” โ€” โ€”
Show Earnings per Share Method [Axis] breakouts
Treasury Stock Method [Member] 106.6 106.3 +0.3%
Two-class method 106.6 106.3 +0.3%
Wtd Avg Shares (Diluted) (Q) โ€” โ€” โ€”
Show Earnings per Share Method [Axis] breakouts
Treasury Stock Method [Member] 106.6 106.5 +0.1%
Two-class method 106.6 106.3 +0.3%
Revenue From Contract With Customer Including Assessed Tax 2,113.3 2,125.1 -0.6%
Show Product Lines breakouts
Baking mixes and ingredients ยท All Other Segments 14.5 14.2 +2.1%
Cat food ยท U.S. Retail Pet Foods 179.3 183.1 -2.1%
Coffee ยท U.S. Retail Coffee 816.1 711.9 +14.6%
Frozen handheld ยท U.S. Retail Frozen Handheld and Spreads 244.1 222.6 +9.7%
Fruit spreads ยท U.S. Retail Frozen Handheld and Spreads 95.3 106.5 -10.5%
Other ยท All Other Segments 20.3 25.3 -19.8%
Peanut butter ยท U.S. Retail Frozen Handheld and Spreads 207 218.6 -5.3%
Pet snacks ยท U.S. Retail Pet Foods 203.4 226.8 -10.3%
Portion control ยท All Other Segments 50.4 54.1 -6.8%
Sweet Baked Goods ยท Sweet Baked Snacks 253.2 296.6 -14.6%
Toppings and syrups ยท U.S. Retail Frozen Handheld and Spreads 29.7 28.3 +4.9%
Show Business Segments breakouts
All Other Segments 290.2 271.5 +6.9%
Sweet Baked Snacks 253.2 333.7 -24.1%
U.S. Retail Coffee 717.2 623.4 +15.0%
U.S. Retail Frozen Handheld and Spreads 484.7 496.8 -2.4%
U.S. Retail Pet Foods 368 399.7 -7.9%
Show Geography breakouts
All other international 33.2 28.3 +17.3%
CA 70.7 81.4 -13.1%
Total international 103.9 109.7 -5.3%
US 2,009.4 2,015.4 -0.3%
Net Income Loss Available To Common Stockholders Basic (Q) โ€” โ€” โ€”
Show Earnings per Share Method [Axis] breakouts
Two-class method -43.9 185 -123.7%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 39.3 39.5 -0.5%
Accounts Receivable 643.2 734.9 -12.5%
Inventory Finished Goods And Work In Process Net Of Reserves 779.8 666.1 +17.1%
Inventory Raw Materials Net Of Reserves 606.2 471.7 +28.5%
Inventory 1,386 1,137.8 +21.8%
Other Assets Current 333.4 168.9 +97.4%
Total Current Assets 2,401.9 2,081.1 +15.4%
Non-Current Assets
Property, Plant & Equipment 3,047 3,095.3 -1.6%
Operating Lease Right-of-Use Assets 120.1 164.5 -27.0%
Goodwill 5,709.4 โ€” โ€”
Other Assets Miscellaneous Noncurrent 166.7 158.2 +5.4%
Other Non-Current Assets 12,293 15,171.8 -19.0%
Total Assets 17,741.9 โ€” โ€”
Show Business Segments breakouts
All Other Segments ยท Operating Segments 1,236.5 โ€” โ€”
Sweet Baked Snacks ยท Operating Segments 3,384.6 โ€” โ€”
U.S. Retail Coffee ยท Operating Segments 4,845.2 โ€” โ€”
U.S. Retail Frozen Handheld and Spreads ยท Operating Segments 3,322.9 โ€” โ€”
U.S. Retail Pet Foods ยท Operating Segments 4,675.8 โ€” โ€”
Show Consolidation Items breakouts
Corporate Non Segment 276.9 โ€” โ€”
Marketable Securities (Non-Current) (Q) โ€” โ€” โ€”
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 20.1 22.1 -9.0%
Estimate Of Fair Value Fair Value Disclosure 20.1 22.1 -9.0%
Other Assets
Property Plant And Equipment Gross 5,460.8 5,268.1 +3.7%
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment -2,413.8 -2,172.8 -11.1%
Intangible Assets Net Excluding Goodwill 6,296.8 7,199.6 -12.5%
Current Liabilities
Accounts Payable 1,234.1 1,244.1 -0.8%
Accrued Marketing Costs Current 210.6 202 +4.3%
Short Term Borrowings 951.6 โ€” โ€”
Show Short Term Debt Type breakouts
Commercial Paper 952 โ€” โ€”
Other Liabilities Current 557.6 621.4 -10.3%
Total Current Liabilities 2,953.9 3,764 -21.5%
Non-Current Liabilities
Long-Term Debt 7,038.3 6,775.3 +3.9%
Deferred Tax Liabilities 1,573.5 1,740.8 -9.6%
Operating Lease Liabilities 90.7 133.8 -32.2%
Other Non-Current Liabilities 159.6 164.8 -3.2%
Liabilities Noncurrent 8,862.1 8,814.7 +0.5%
Total Liabilities 11,816 12,578.7 -6.1%
Long-Term Debt 7,038.3 7,774.8 -9.5%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 7,038.3 7,774.8 -9.5%
Estimate Of Fair Value Fair Value Disclosure 6,987.6 7,620.6 -8.3%
Stockholders' Equity
Common Stock Value Outstanding 26.7 26.6 +0.4%
Additional Paid In Capital Common Stock 5,738.2 5,715.2 +0.4%
Retained Earnings 343.5 2,259.9 -84.8%
Accumulated Other Comprehensive Income -182.5 -232.2 +21.4%
Total Stockholders' Equity 5,925.9 7,769.5 -23.7%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -52.9 -53 +0.2%
Accumulated Gain Loss Net Cash Flow Hedge Parent -87.7 -140.5 +37.6%
Accumulated Net Unrealized Investment Gain Loss 0.8 1.1 -27.3%
Accumulated Other Comprehensive Income -182.5 -232.2 +21.4%
Accumulated Translation Adjustment -42.7 -39.8 -7.3%
Additional Paid In Capital 5,738.2 5,715.2 +0.4%
Common Stock 26.7 26.6 +0.4%
Retained Earnings 343.5 2,259.9 -84.8%
Total Liabilities & Equity 17,741.9 20,348.2 -12.8%
Land And Land Improvements 157.8 152.4 +3.5%
Buildings And Improvements Gross 1,420.5 1,299.1 +9.3%
Machinery And Equipment Gross 3,336.7 2,982.7 +11.9%
Construction In Progress Gross 545.8 833.9 -34.5%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Stock-Based Compensation 9 8.9 +1.1%
Deferred Income Taxes 24 2.6 +823.1%
Other Non-Cash Items 12.7 15.1 -15.9%
Change in Accounts Receivable -24.3 1.6 -1618.8%
Change in Inventory -177.3 -99 -79.1%
Change in Accounts Payable -33.2 -61.5 +46.0%
Net Cash from Operations -10.6 172.9 -106.1%
Investing Activities
Capital Expenditures -84.3 -123.7 +31.9%
Other Investing Activities 0.2 -0.1 +300.0%
Net Cash from Investing -197.9 -172.4 -14.8%
Financing Activities
Share Repurchases -4.6 -2.6 -76.9%
Net Cash from Financing 178 -23 +873.9%
Other Cash Flow
Net Change in Cash -30.6 -22.5 -36.0%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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