Filing Flows › J M Smucker (SJM) › Q1 FY26
J M Smucker (SJM) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 27, 2025
J M Smucker (SJM) reported revenue of $2.1B for the first quarter fiscal 2026 (Q1 FY26), -0.6% from a year earlier and -1% from the quarter before. Operating margin was 2.2%, net loss $43.9M (2.1% of revenue).
J M Smucker, Q1 FY26: revenue $2.1B (-0.6% year over year), operating margin 2.2%, net loss $43.9M, operating cash flow −$10.6M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | -1% | -0.6% |
| Operating profit | $45.6M | — | — |
| Net earnings | −$43.9M | — | — |
| Operating cash flow | −$10.6M | -103% | — |
What changed
Revenue was $2.1B in Q1 FY26, down 1% year over year and down 1% from the previous quarter. U.S. Retail Coffee was the largest line at 34% of revenue. Sweet Baked Snacks lost $0.08B year over year (down 24%), 682% of the total change.
Gross margin was 22.5%, down 15.1 points from a year earlier. Operating profit was $0.05B, a 2.2% margin (down 14.3 points year over year). Operating expenses fell 4% while revenue fell 1%. The quarter ended with a net loss of $0.04B, narrower than the previous quarter's $0.73B loss. Net interest and other expense of $0.10B was the main reason.
Operating cash flow was −$0.01B. Non-cash charges added back $0.14B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.11B. Capital expenditures of $0.08B exceeded it, leaving free cash flow of −$0.09B.
Questions
What was J M Smucker's revenue in the first quarter fiscal 2026?
J M Smucker (SJM) reported revenue of $2.1B for the first quarter fiscal 2026 (Q1 FY26), -0.6% from a year earlier and -1% from the quarter before.
Was J M Smucker profitable in the first quarter fiscal 2026?
Operating profit was $45.6M (2.2% of revenue) and net loss $43.9M.
Source: J M Smucker 10-Q on SEC EDGAR.