Filing Flows › J M Smucker (SJM) › Q1 FY27 › vs Q4 FY26
J M Smucker (SJM) Q1 FY27 vs Q4 FY26 (quarter over quarter)
J M Smucker's revenue fell $48.8M (-2%) from $2.3B in Q4 FY26 to $2.2B in Q1 FY27. Gross margin 44.1% against 38.0% (+6.1 pts).
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 draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 44.1% | 38.0% | +6.1 pts |
| Operating margin | 23.1% | 19.6% | +3.5 pts |
| Net margin | 14.6% | 17.1% | -2.5 pts |
| Free cash flow margin | 15.2% | 21.3% | -6.1 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $2.2B | $2.3B | −$48.8M | -2% |
| Gross profit | $980M | $862M | $118M | +14% |
| Cost of revenue | $1.2B | $1.4B | −$166M | -12% |
| Operating profit | $512M | $444M | $67.1M | +15% |
| Operating expenses | $468M | $418M | $50.4M | +12% |
| Pre-tax earnings | $428M | $328M | $100M | +31% |
| Other expense, net | $83.7M | $117M | −$33.2M | -28% |
| SG&A | $410M | $358M | $52.7M | +15% |
| Other operating costs | $57.5M | $59.8M | −$2.3M | -4% |
| Net earnings | $324M | $388M | −$63.8M | -16% |
| Income tax | $104M | −$60.5M | $164M | — |
| Depreciation & amortization | $128M | $134M | −$6.9M | -5% |
| Share-based compensation | $12.2M | $3.2M | $9.0M | +281% |
| Working capital & other | $38.3M | −$53.5M | $91.8M | — |
| Operating cash flow | $426M | $579M | −$154M | -27% |
| Free cash flow (OCF − capex) | $337M | $484M | −$147M | -30% |
| Capital expenditures | $88.4M | $95.3M | −$6.9M | -7% |
Questions
How much did J M Smucker's revenue grow quarter over quarter in Q1 FY27?
J M Smucker's revenue fell $48.8M (-2%) from $2.3B in Q4 FY26 to $2.2B in Q1 FY27. Gross margin 44.1% against 38.0% (+6.1 pts).