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Jan 31
Smucker Q3 2026 Earnings Report
Smucker reported higher net sales but a wider net loss in the third quarter of fiscal 2026, driven by impairment charges and cost pressures.
Key Takeaways
Net sales increased 7% to $2339400000, supported by pricing in coffee, while the company posted a net loss of $724200000 due to goodwill and intangible impairment charges. Adjusted EPS declined 9% year-over-year.
Net sales rose 7% year-over-year, driven primarily by higher coffee pricing.
Net loss widened to $724200000 due to impairment charges.
Adjusted EPS declined to $2.38 from $2.61 in the prior year.
Free cash flow improved significantly to $487000000.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company maintained its adjusted EPS and free cash flow outlook for fiscal 2026 while narrowing its net sales growth range due to a recent manufacturing facility fire.
Positive Outlook
- Net sales expected to increase 3.5% to 4.0% for fiscal 2026.
- Adjusted EPS guidance maintained at $8.75 to $9.25.
- Free cash flow expected to be approximately $975000000.
- Adjusted gross profit margin expected around 35.0%.
- SD&A expenses expected to be flat to slightly down year-over-year.
Challenges Ahead
- Midpoint of net sales guidance reduced due to Emporia facility fire.
- Comparable net sales growth partially offset by volume/mix declines.
- Ongoing commodity cost and tariff pressures.
- Higher interest expense of approximately $380000000 expected for full year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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