Filing Flows › J M Smucker (SJM) › Guidance history
J M Smucker (SJM) guidance history: what it guided and what it reported
J M Smucker gave guidance in 12 earnings releases on file since Dec 5, 2023. Its releases raised guidance 5 times and lowered it twice.
Revenue
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY24 | $8.2B (Dec 5, 2023) | — | — | — |
Adjusted gross margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 38.0% (Jun 9, 2026) | — | to be reported | — |
| FY26 | 35.5%–36.0% (Jun 10, 2025) → lowered 35.0%–35.5% (Aug 27, 2025) → lowered 35.0% (Nov 25, 2025) → reaffirmed 35.0% (Feb 26, 2026) | — | — | — |
| FY25 | 38.0% (Jun 6, 2024) → lowered 37.5% (Aug 28, 2024) → raised 37.5%–38.0% (Nov 26, 2024) → raised 38.0% (Feb 27, 2025) | — | — | — |
| FY24 | 37.5% (Dec 5, 2023) → reaffirmed 37.5% (Feb 27, 2024) | — | — | — |
Adjusted tax rate
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 24.3% (Jun 9, 2026) → lowered 24.2% (Aug 26, 2026) | — | to be reported | — |
| FY26 | 23.7% (Jun 10, 2025) → raised 23.8% (Aug 27, 2025) → reaffirmed 23.8% (Nov 25, 2025) → raised 24.0% (Feb 26, 2026) | — | — | — |
| FY25 | 24.4% (Jun 6, 2024) → lowered 24.3% (Aug 28, 2024) → reaffirmed 24.3% (Nov 26, 2024) → lowered 24.1% (Feb 27, 2025) | — | — | — |
| FY24 | 24.3% (Dec 5, 2023) → raised 24.6% (Feb 27, 2024) | — | — | — |
Free cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $1.0B (Jun 9, 2026) | — | to be reported | — |
| FY26 | $875M (Jun 10, 2025) → raised $975M (Aug 27, 2025) → reaffirmed $975M (Nov 25, 2025) → reaffirmed $975M (Feb 26, 2026) | $1.2B (GAAP) | not judged | — |
| FY25 | $900M (Jun 6, 2024) → lowered $875M (Aug 28, 2024) → reaffirmed $875M (Nov 26, 2024) → raised $925M (Feb 27, 2025) | $817M (GAAP) | not judged | — |
| FY24 | $530M (Dec 5, 2023) → lowered $500M (Feb 27, 2024) | — | — | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $325M (Jun 9, 2026) → reaffirmed $325M (Aug 26, 2026) | — | to be reported | — |
| FY26 | $325M (Jun 10, 2025) → reaffirmed $325M (Aug 27, 2025) → reaffirmed $325M (Nov 25, 2025) → reaffirmed $325M (Feb 26, 2026) | $317M (GAAP) | not judged | — |
| FY25 | $450M (Jun 6, 2024) → reaffirmed $450M (Aug 28, 2024) → reaffirmed $450M (Nov 26, 2024) → lowered $400M (Feb 27, 2025) | $394M (GAAP) | not judged | — |
| FY24 | $610M (Dec 5, 2023) → reaffirmed $610M (Feb 27, 2024) | — | — | — |
Interest expense
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $345M (Jun 9, 2026) | — | to be reported | — |
| FY26 | $380M (Jun 10, 2025) → reaffirmed $380M (Nov 25, 2025) → reaffirmed $380M (Feb 26, 2026) | — | — | — |
| FY25 | $400M (Jun 6, 2024) → reaffirmed $400M (Aug 28, 2024) → reaffirmed $400M (Nov 26, 2024) → lowered $390M (Feb 27, 2025) | — | — | — |
The latest quarter
J M Smucker, Q1 FY27: revenue $2.2B (+5% year over year), operating margin 23.1%, net earnings $324M, operating cash flow $426M. The chart follows the revenue to costs, profit and cash.
Questions
Does J M Smucker beat its guidance?
J M Smucker gave guidance in 12 earnings releases on file since Dec 5, 2023. Its releases raised guidance 5 times and lowered it twice.
How often does J M Smucker raise guidance?
Its earnings releases raised guidance 5 times and lowered it twice since Dec 5, 2023.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.