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.