Filing Flows › J M Smucker (SJM) › Q1 FY27
J M Smucker (SJM) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 26, 2026
J M Smucker (SJM) reported revenue of $2.2B for the first quarter fiscal 2027 (Q1 FY27), +5% from a year earlier and -2% from the quarter before. Operating margin was 23.1%, net earnings $324M (14.6% of revenue).
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.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | -2% | +5% |
| Gross profit | $980M | +14% | +106% |
| Operating profit | $512M | +15% | 11× |
| Net earnings | $324M | -16% | — |
| Operating cash flow | $426M | -27% | — |
| Free cash flow | $337M | -30% | — |
What changed
Revenue was $2.2B in Q1 FY27, up 5% year over year and down 2% from the previous quarter. U.S. Retail Coffee was the largest line at 36% of revenue. U.S. Retail Coffee added $0.09B year over year (up 13%), 85% of the total change. Sweet Baked Snacks declined 7%.
Gross margin was 44.1%, up 21.7 points from Q1 FY26. Operating profit was $0.51B, a 23.1% margin (up 20.9 points year over year). Of the extra revenue versus Q1 FY26, 440% reached operating profit, above the 2% margin then. Operating expenses grew 9% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+11%). Net earnings were $0.32B. The effective tax rate was 24.2%.
Operating cash flow was $0.43B, 131% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.09B left free cash flow of $0.34B.
Questions
What was J M Smucker's revenue in the first quarter fiscal 2027?
J M Smucker (SJM) reported revenue of $2.2B for the first quarter fiscal 2027 (Q1 FY27), +5% from a year earlier and -2% from the quarter before.
Was J M Smucker profitable in the first quarter fiscal 2027?
Operating profit was $512M (23.1% of revenue) and net earnings $324M.
Source: J M Smucker 10-Q on SEC EDGAR.