EarningsQ1 2027 Earnings Report
MX:SJM Q1 2027 EPS Results
Actual EPS$59.66
Consensus EPS$40.81
Beat/MissBeat by +$18.86
One Year Ago EPS$34.99
MX:SJM Q1 2027 Revenue Results
Actual Revenue$40.87B
Expected Revenue$39.24B
Beat/MissBeat by +$1.62B
YoY Revenue Growth+5.02%
Earnings Announcement Details
QuarterQ1 2027
Date08/26/2026
TimeBefore Open
Conference CallWednesday, August 26, 2026
MX:SJM Upcoming Earnings
JM Smucker's next earnings date is estimated for November 24, 2026, based on past reporting schedules.
Q1 2027 Earnings Call Audio
MX:SJM Q1 2027 Earnings Call
0:00 / 0:00
Q1 2027 Earnings Slide Deck
Q1 2027 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: several clear positives (tariff refund benefit, early achievement of leverage target, strong brand momentum in Uncrustables, Café Bustelo, and improvements in pet categories) alongside meaningful near-term challenges (mid-single-digit cost inflation, conservative coffee volume guidance, c-store traffic pressure impacting Sweet Baked Snacks, isolated brand weaknesses, and some near-term margin headwinds due to capacity start-up and marketing). Management emphasized disciplined capital allocation, targeted reinvestment, and a prudent stance on pricing and volume assumptions.Company Guidance
Tariff Refund Benefit and Improved Leverage
Received a $0.84 per-share tariff refund benefit in fiscal Q1 and expect about a $0.60 benefit for the full year (net of incremental costs). Management is using a portion to reinvest in SG&A and preproduction expenses and the balance to pay down debt. The company targeted ~$500 million of debt paydown for the year and achieved its 3.0x leverage ratio in Q1 earlier than expected.
Uncrustables Momentum and Capacity Investment
Uncrustables remains a growth engine: the brand surpassed a $1 billion milestone last fiscal year and management raised its outlook to high single-digit growth for the brand (total company, total venture). Company is accelerating preproduction activities and advancing Phase 2 of the McCalla, Alabama facility to support demand and fridge-friendly innovation, with increased preproduction expenses to bring capacity online sooner.
Strong Coffee Brand Performance
Key coffee brands delivered solid results in Q1: Café Bustelo grew 23% year-over-year in the quarter; Folgers and Dunkin' also contributed to positive results. Management is benefiting from lower base commodity vs prior year (yet remains prudent on pricing decisions).
Pet Snacks and Pet Food Strength
Dog snacks showed improvement: Pup-Peroni grew (reported as up 5% in net sales and up 7% in the referenced metric), Milk-Bone returned to volume growth supported by innovation in soft & chewy, and cat food had a solid quarter. Management emphasized ongoing brand building investments in key pet categories.
Financial Flexibility and Shareholder Returns
With leverage now at target and a commitment to balanced capital deployment, management reaffirmed the quarterly dividend (recently increased) and indicated flexibility to begin contemplating share repurchases going forward.
Frozen Handhelds & Spreads Momentum
Frozen Handheld & Spreads delivered top-line momentum and strong profitability flow-through in Q1 driven mainly by Uncrustables. Management expects continued growth (Uncrustables high single-digits) and will support the portfolio with marketing and capacity investments.
Transformation Office Productivity
The transformation office continues to deliver cost and productivity benefits that support earnings, help offset cost inflation, and free funds for reinvestment; management plans to provide further updates over time.
MX:SJM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed