The J.M. Smucker Company (SJM)
The company now
The J.M. Smucker Co. reported net sales of $2.2 billion, up 5 percent, for the first quarter of its 2027 fiscal year, which ended July 31, 2026 1.
Net income per diluted share was $3.03, against a loss of $0.41 a year earlier 1. Adjusted earnings per share, which leaves out items the company treats as outside normal operations, was $3.24 and included an $0.84 benefit from tariff refunds 12.
Gross profit included tariff refunds of about $115.0 million, which the 10-Q says were recognized in the cost of products sold 13. The 10-Q adds that substantially all requested refunds have been received 3.
Chief executive Mark Smucker said the quarter exceeded the company's expectations for both net sales and adjusted earnings per share 1. The company now expects net sales to fall 1.0 to 2.0 percent for the year and adjusted earnings per share of $10.50 to $11.00 1.
Reuters reported that the earlier forecast was a decline of 3 per cent to 4 per cent 4. The open question is the tariff refunds, which the guidance does not assume will change 1.
As of Nov 3, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.