J M SMUCKER Co reported fourth quarter ended April 30, 2026 results: revenue $2,268.1.
“shed gives us confidence in our ability to drive long-term growth and create shareholder value." FOURTH QUARTER CONSOLIDATED RESULTS Three Months Ended April 30, 2026 2025 % Increase (Decrease) (Dollars and shares in millions, except per share data) Net sales $2,268.1 $2,143.8 6 % Operating income (loss) $444.5 ($599.1) n/m Adjusted operating income 482.1 422.4 14 % Net income (loss) per common share – assuming dilution $3.64 ($6.85) n/m Adjusted earnings per share – assuming dilution 2.77 2.31 20 % Weighted-average shares outstanding – assuming dilution 106.9 106.4 — % Net Sales Net sales increased $124.3 million, or 6 percent.”
Earnings Releases
J M SMUCKER Co reported fiscal year 2027 results: EPS $9.75 to $10.25. Guidance initiated.
“adjusted earnings per share to range from $9.75 to $10.25”
Earnings Releases
J M SMUCKER Co reported fiscal year 2026 results: revenue $9.1 billion, EPS $9.15.
“the prior year. • Free cash flow was $483.9 million for the quarter compared to $298.9 million in the prior year. Fiscal Year 2026 Highlights • Net sales for the fiscal year was $9.1 billion, an increase of 4 percent. Fiscal year 2026 net sales excluding the divestitures and foreign currency exchange increased 5 percent. • Net loss per diluted share for the fiscal”
Earnings Releases
J M SMUCKER Co reported fourth quarter results: revenue $2,268.1, EPS $2.77.
“value." FOURTH QUARTER CONSOLIDATED RESULTS Three Months Ended April 30, 2026 2025 % Increase (Decrease) (Dollars and shares in millions, except per share data) Net sales $2,268.1 $2,143.8 6 % Operating income (loss) $444.5 ($599.1) n/m Adjusted operating income 482.1 422.4 14 % Net income (loss) per common share – assuming dilution $3.64 ($6.85) n/m”
Earnings Releases
J M SMUCKER Co reported fourth quarter of its fiscal year ending April 30, 2026 results: revenue $2.3 billion, EPS $3.64.
“2, 2024. All comparisons are to the fourth quarter of the prior fiscal year, unless otherwise noted. EXECUTIVE SUMMARY Fourth Quarter Highlights • Net sales for the quarter was $2.3 billion, an increase of $124.3 million, or 6 percent. Net sales excluding the divestiture and foreign currency exchange increased 6 percent. • Net income per diluted share was $3.64 in”
Governance Changes
J M SMUCKER Co: Amended regulations to remove requirement that President be a director and update shareholder meeting procedures (effective 2025-04-30).
“On April 30, 2025, the Board of Directors of the Company approved and adopted an amendment and restatement of the Company’s Amended Regulations (the “Amended Regulations”). Among other things, the amendment (i) removes the prior requirement that the President of the Company also be a director of the Company and (ii) updates certain procedural requirements concerning the date, time, place, and conduct of meetings of the Company’s shareholders.”
John Brase changed role as President and Chief Operating Officer at J M SMUCKER Co.
“promotion of John Brase to the role of President and Chief Operating Officer, effective immediately.”
Debt Financings
J M SMUCKER Co incurred revolving credit of $2.0 billion with Bank of America, N.A., as administrative agent at base rate plus 0.000% to 0.300% or Term SOFR/Term CORRA/EURIBOR plus 0.795% to 1 maturing March 7, 2030.
“The Revolving Credit Agreement provides for a $2.0 billion unsecured revolving credit facility that matures on March 7, 2030.”
Debt Financings
J M SMUCKER Co incurred term loan of $650.0 million with Bank of America, N.A., as administrative agent at base rate plus 0.00% or Term SOFR rate plus 1.00% maturing March 7, 2027.
“The Term Loan Agreement provides for an unsecured $650.0 million term credit facility that matures on March 7, 2027.”
Earnings Releases
J M SMUCKER Co reported full-year fiscal 2024 results: EPS $9.45 - $9.65 per share.
“Adjusted earnings per share $9.45 - $9.65 $9.25 - $9.65”
Earnings Releases
J M SMUCKER Co reported the third quarter ended January 31, 2024 results: revenue $2,229.2, EPS $1.13 per diluted share.
“value." THIRD QUARTER CONSOLIDATED RESULTS Three Months Ended January 31, 2024 2023 % Increase (Decrease) (Dollars and shares in millions, except per share data) Net sales $2,229.2 $2,216.3 1 % Operating income $297.4 $317.9 (6) % Adjusted operating income 457.5 357.6 28 % Net income per common share – assuming dilution $1.13 $1.95 (42) % Adjusted earnings”
Earnings Releases
J M SMUCKER Co reported second quarter ended October 31, 2023 results: revenue $1,938.6, net income $1.90 per diluted share, EPS $2.59. Guidance reaffirmed.
“Adjusted earnings per share was $2.59, an increase of 8 percent. • Cash provided by operations was $176.9 million compared to $205.0 million in the prior year.”
M&A Transactions
J M SMUCKER Co completed an acquisition involving Hostess Brands, Inc. for $30.00 in cash and 0.03002 common shares of the Company (closed 2023-11-07).
“(the “Offer”) to purchase all issued and outstanding shares of Class A common stock of Hostess Brands, par value $0.0001 per share (the “Hostess Brands Common Stock”) for (a) $30.00 in cash and (b) 0.03002 common shares, no par value per share, of the Company, plus cash in lieu of fractional shares, in each case, without interest and net of any withholding of”
Material Agreements
J M SMUCKER Co entered into Fifth Supplemental Indenture with U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association) (effective 2023-10-25).
“The Notes are governed by the Indenture, dated as of March 20, 2015 (the “Base Indenture”), between the Company and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association) (the “Trustee”), as supplemented by the Fifth Supplemental Indenture, dated as of October 25, 2023, by and between the Company and the Trustee (the “Fifth Supplemental Indenture”).”
Material Agreements
J M SMUCKER Co entered into Underwriting Agreement with BofA Securities, Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters valued at $750 million aggregate principal amount of 5.900% Notes due 2028, $1,000 million aggregate principal (effective 2023-10-11).
“On October 25, 2023, The J. M. Smucker Company (the “Company”) closed its offering of $750 million aggregate principal amount of 5.900% Notes due 2028 (the “2028 Notes”), $1,000 million aggregate principal amount of 6.200% Notes due 2033 (the “2033 Notes”), $750 million aggregate principal amount of 6.500% Notes due 2043 (the “2043 Notes”) and $1,000 million aggregate principal amount of 6.500% Notes due 2053 (the “2053 Notes” and, together with the 2028 Notes, the 2033 Notes and the 2043 Notes, the “Notes”), pursuant to an Underwriting Agreement, dated as of October 11, 2023 (the “Underwriting Agreement”), with BofA Securities, Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters named in Schedule I annexed thereto (collectively, the “Underwriters”).”
Material Agreements
J M SMUCKER Co entered into Underwriting Agreement with BofA Securities, Inc. and J.P. Morgan Securities LLC, as representatives for the underwriters valued at $750 million aggregate principal amount of 5.900% Notes due 2028 , $1,000 million aggregate princ (effective 2023-10-11).
“On October 11, 2023, The J. M. Smucker Company (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with BofA Securities, Inc. and J.P. Morgan Securities LLC, as representatives for the underwriters named in Schedule 1 annexed thereto (the "Underwriters"), providing for the offer and sale by the Company of $750 million aggregate principal amount of 5.900% Notes due 2028 (the "2028 Notes"), $1,000 million aggregate principal amount of 6.200% Notes due 2033 (the "2033 Notes"), $750 million aggregate principal amount of 6.500% Notes due 2043 (the "2043 Notes"), and $1,000 million aggregate principal amount of 6.500% Notes due 2053 (the "2053 Notes" and, together with the 2028 Notes, the 2033 Notes and the 2043 Notes, the "Securities").”
Debt Financings
J M SMUCKER Co incurred term loan of $800 million with Bank of America, N.A. at base rate or Term SOFR rate plus applicable margin (base rate margin 0.000%–0.62 maturing third anniversary of the Acquisition Closing Date.
“On September 27, 2023, The J. M. Smucker Company (the “Company”) entered into that certain Term Loan Credit Agreement (the “Term Loan Agreement”) with the various lenders named therein and Bank of America, N.A., as administrative agent for the lenders (the “Term Loan Agent”). The Term Loan Agreement provides for an unsecured $800 million term facility that may be borrowed substantially concurrently with the closing of the Acquisition (as defined below) and matures on the third anniversary of the Acquisition Closing Date (as defined below) (the “Term Loan Maturity Date”).”
Material Agreements
J M SMUCKER Co entered into Term Loan Credit Agreement with various lenders named therein and Bank of America, N.A., as administrative agent valued at $800 million (effective 2023-09-27).
“On September 27, 2023, The J. M. Smucker Company (the “Company”) entered into that certain Term Loan Credit Agreement (the “Term Loan Agreement”) with the various lenders named therein and Bank of America, N.A., as administrative agent for the lenders (the “Term Loan Agent”).”
Material Agreements
J M SMUCKER Co entered into a credit facility with Bank of America, N.A. and Royal Bank of Canada valued at $5.2 billion (effective 2023-09-10).
“In connection with its entry into the Merger Agreement, the Company obtained a commitment from Bank of America, N.A. and Royal Bank of Canada for a $5.2 billion 364-day senior unsecured bridge loan facility, subject to customary conditions.”
Material Agreements
J M SMUCKER Co entered into Agreement and Plan of Merger with Hostess Brands, Inc., SSF Holdings, Inc. (effective 2023-09-10).
“On September 10, 2023, The J. M. Smucker Company, an Ohio Corporation (the “Company”), entered into an Agreement and Plan of Merger, dated as of September 10, 2023 (the “Merger Agreement”), by and among the Company, Hostess Brands, Inc., a Delaware corporation (“Hostess Brands”), and SSF Holdings, Inc., a Delaware corporation and wholly owned subsidiary of the Company (“Purchaser”).”
Earnings Releases
J M SMUCKER Co reported first quarter ended July 31, 2023 results: revenue $1,805.2, net income $1.79, EPS $1.79. Guidance raised.
“value." FIRST QUARTER CONSOLIDATED RESULTS Three Months Ended July 31, 2023 2022 % Increase (Decrease) (Dollars and shares in millions, except per share data) Net sales $1,805.2 $1,873.0 (4) % Operating income $303.5 $179.7 69 % Adjusted operating income 331.7 270.0 23 % Net income per common share – assuming dilution $1.79 $1.03 74 % Adjusted earnings”
Shareholder Votes
J M SMUCKER Co shareholders approved Advisory approval of the preferred frequency of one year for future advisory votes on the Company’s executive compensation at the 2023-08-16 meeting.
“4. The shareholders approved, on an advisory basis, the preferred frequency of one year for future advisory votes on the Company’s executive compensation. The votes on this proposal were as follows: Number of Votes 1 Year 2 Years 3 Years Abstain Broker Non-Votes 76,038,330 144,809 2,275,249 212,251 11,099,654”
Shareholder Votes
J M SMUCKER Co shareholders approved Advisory approval of the Company’s executive compensation, as disclosed in the Company’s 2023 Proxy Statement at the 2023-08-16 meeting.
“3. The shareholders approved, on an advisory basis, the Company’s executive compensation, as disclosed in the Company’s 2023 Proxy Statement. The votes on this proposal were as follows: Number of Votes For Against Abstain Broker Non-Votes 74,319,577 3,926,318 424,744 11,099,654”
Shareholder Votes
J M SMUCKER Co shareholders approved Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending April 30, 2024 at the 2023-08-16 meeting.
“2. The shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending April 30, 2024. The votes on this proposal were as follows: Number of Votes For Against Abstain Broker Non-Votes 84,820,080 4,788,526 161,687 —”
Shareholder Votes
J M SMUCKER Co shareholders approved Election of ten Directors to each serve a one-year term expiring at the 2024 Annual Meeting of Shareholders at the 2023-08-16 meeting.
“1. The shareholders elected the following ten Directors to each serve a one-year term expiring at the 2024 Annual Meeting of Shareholders. The votes on this proposal were as follows: Number of Votes For Against Abstain Broker Non-Votes Mercedes Abramo 78,143,358 352,142 175,139 11,099,654 Tarang P. Amin 77,909,924 572,269 188,446 11,099,654 Susan E. Chapman-Hughes 77,694,225 805,047 171,367 11,099,654 Jay L. Henderson 77,860,333 628,688 181,618 11,099,654 Jonathan E. Johnson III 77,949,731 536,471 184,437 11,099,654 Kirk L. Perry 77,984,094 505,150 181,395 11,099,654 Alex Shumate 76,012,534 2,481,850 176,255 11,099,654 Mark T. Smucker 72,038,090 5,922,734 709,815 11,099,654 Jodi L. Taylor 77,495,833 1,004,694 170,112 11,099,654 Dawn C. Willoughby 77,483,723 1,013,788 173,128 11,099,654”
Earnings Releases
J M SMUCKER Co reported fiscal year 2024 results: EPS $9.20 to $9.60. Guidance initiated.
“On June 6, 2023, The J. M. Smucker Company (the “Company”) issued a press release announcing the Company’s financial results for the quarter ended April 30, 2023.”
Earnings Releases
J M SMUCKER Co reported the fiscal year ending April 30, 2023 results: revenue $8.5 billion, net income Net loss per diluted share was $0.86, EPS $8.92.
“$2.2 billion, an increase of 10 percent. Net sales excluding the impact of divestitures and foreign currency exchange increased 11 percent. • For the fiscal year, net sales were $8.5 billion, an increase of 7 percent. Net sales excluding the impact of divestitures and foreign currency exchange increased 9 percent. • Net loss per diluted share for the quarter was”
Earnings Releases
J M SMUCKER Co reported the fourth quarter of its fiscal year ending April 30, 2023 results: revenue $2.2 billion, net income Net loss per diluted share for the quarter was $5.69, EPS $2.64.
“label dry pet food business on December 1, 2021. All comparisons are to the fourth quarter of the prior fiscal year, unless otherwise noted. EXECUTIVE SUMMARY • Net sales were $2.2 billion, an increase of 10 percent. Net sales excluding the impact of divestitures and foreign currency exchange increased 11 percent. • For the fiscal year, net sales were $8.5 billion,”
Earnings Releases
J M SMUCKER Co reported the third quarter ended January 31, 2023 results: revenue $2,216.3, net income $1.95, EPS $2.21.
“potential.” THIRD QUARTER CONSOLIDATED RESULTS Three Months Ended January 31, 2023 2022 % Increase (Decrease) (Dollars and shares in millions, except per share data) Net sales $2,216.3 $2,057.1 8 % Operating income $317.9 $150.6 111 % Adjusted operating income 357.6 377.9 (5) % Net income per common share – assuming dilution $1.95 $0.64 n/m Adjusted earnings per”
Governance Changes
J M SMUCKER Co: Amended and restated the Amended Regulations to update procedures for director nominations including compliance with universal proxy card rules, fixed number of directors at not less than nine nor more than eleven, and made conforming changes (effective 2023-01-20).
“On January 20, 2023, as part of its periodic review of corporate governance matters, the Board of Directors of The J. M. Smucker Company (the “Company”) approved and adopted an amendment and restatement of the Company’s Amended Regulations (the “Amended Regulations”). Among other things, the amendments update the procedures and disclosure requirements for the nomination of director candidates for election at meetings of shareholders, including to address the adoption by the U.S. Securities and Exchange Commission of the “universal proxy card” rules, as set forth in Rule 14a-19 of the Securities Exchange Act of 1934, as amended (the “Universal Proxy Card Rules”), and require certain additional information in a notice of nomination submitted by a shareholder. The amendments require that nominating shareholders comply with the Universal Proxy Card Rules, provide that a shareholder nominee’s director candidates will be disregarded by the Company if the nominating shareholder has failed to”
Earnings Releases
J M SMUCKER Co reported full-year fiscal 2023 results: revenue 5.5% - 6.5%, EPS $8.35 - $8.75. Guidance raised.
“The Company updated its full-year fiscal 2023 guidance as summarized below: Current Previous Net sales increase vs prior year 5.5% - 6.5% 4.0% - 5.0% Adjusted earnings per share $8.35 - $8.75 $8.20 - $8.60”
Earnings Releases
J M SMUCKER Co reported Three Months Ended October 31, 2022 results: revenue $2,205.1, EPS $1.79.
“Three Months Ended October 31, 2022 2021 % Increase (Decrease) (Dollars and shares in millions, except per share data) Net sales $2,205.1 $2,050.0 8 % Operating income $293.4 $311.8 (6) % Adjusted operating income 379.6 387.9 (2) % Net income per common share – assuming dilution $1.79 $1.90 (6) %”
Timothy P. Smucker was appointed as Chairman Emeritus at J M SMUCKER Co.
“the Board will appoint him to a new Chairman Emeritus role”
Timothy P. Smucker departed as Director at J M SMUCKER Co.
“Timothy P. Smucker will be retiring from the Board at the expiration of his current term on August 17, 2022”
Mark T. Smucker changed role as Chair of the Board, President, and Chief Executive Officer at J M SMUCKER Co.
“Mark T. Smucker, President and Chief Executive Officer and a Director of the Company, will succeed Richard K. Smucker and become the Chair of the Board, President, and Chief Executive Officer”
Richard K. Smucker departed as Executive Chairman of the Board of Directors at J M SMUCKER Co.
“Richard K. Smucker will retire as the Executive Chairman of the Board of Directors”
Jonathan E. Johnson III was elected as Director at J M SMUCKER Co.
“the Board had elected Jonathan E. Johnson III to serve on the Board, effective on February 4, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.