J.M. Smucker Reports <a href="https://laohu8.com/S/QTWO">Q2</a> Net Sales of $2.33 Billion
The J.M. Smucker Company reported net sales of $2.3 billion for the second quarter of fiscal year 2026, an increase of $58.9 million, or 3.0 percent, compared to the same period last year. Net sales, excluding the impact of divestitures and foreign currency exchange, increased by 5.0 percent. Net income per diluted share was $2.26, and adjusted earnings per share were $2.10, reflecting a decrease of 24 percent. The financial results reflect the divestiture of certain Sweet Baked Snacks value brands on March 3, 2025, and the divestiture of the Voortman business on December 2, 2024. Net price realization contributed 9 percentage points to net sales growth, mainly due to higher net pricing for coffee, while volume/mix added 1 percentage point, driven by growth in Uncrustables sandwiches and partially offset by decreases in coffee, peanut butter, and dog snacks. Segment profit increased by $8.4 million, primarily due to higher pricing, lower selling, distribution, and administrative expenses, and favorable volume/mix, partially offset by higher costs and tariffs.
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