Overview
J.M. Smucker fiscal Q2 net sales rise 3%, slightly beating analyst expectations
Adjusted EPS for fiscal Q2 meets analyst estimates despite a 24% decline yr/yr
Company updates full-year fiscal 2026 guidance, reflecting confidence in strategic priorities
Outlook
Company expects fiscal 2026 net sales to rise 3.5% to 4.5%
J.M. Smucker projects adjusted EPS for fiscal 2026 at $8.75 to $9.25
Free cash flow for fiscal 2026 expected to be around $975 mln
Result Drivers
NET SALES GROWTH - Driven by higher net pricing, particularly in coffee, despite a decrease in volume/mix
OPERATING INCOME INCREASE - Boosted by absence of prior year's loss from Voortman business sale
ADJUSTED EPS DECLINE - Impacted by higher commodity costs and unfavorable volume/mix
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Slight Beat* | $2.33 bln | $2.32 bln (14 Analysts) |
Q2 Adjusted EPS | Meet | $2.10 | $2.10 (15 Analysts) |
Q2 EPS | $2.26 | ||
Q2 Net Income | $241.30 mln | ||
Q2 Adjusted Operating Income | Beat | $394.30 mln | $380.11 mln (11 Analysts) |
Q2 Operating Income | $418.50 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy."
Wall Street's median 12-month price target for J M Smucker Co is $118.00, about 11.6% above its November 24 closing price of $104.27
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release: ID:nPnbQXdb1a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)