The J.M. Smucker Company said net sales for the quarter ended October 31, 2025 increased 3% to $2,330.1 million, diluted earnings per share were $2.26, and adjusted earnings per share decreased 24% to $2.10.

1. 01

   The J.M. Smucker Company said net sales for the quarter ended October 31, 2025 increased 3% to $2,330.1 million, diluted earnings per share were $2.26, and adjusted earnings per share decreased 24% to $2.10.

2. 02

   The company said operating income for the quarter increased 147% to $418.5 million, citing as factors the year-over-year comparison benefit from the $260.8 million pre-tax loss on the Voortman® business disposal group classified as held for sale in the prior year. Adjusted operating income decreased 20% to $394.3 million.

3. 03

   The company said cash provided by operating activities for the quarter was $346.5 million, compared to $404.2 million in the prior year, and free cash flow was $280.2 million, compared to $317.2 million in the prior year. It cited more cash required to fund working capital requirements as a factor in the decrease in operating cash flow.

4. 04

   The company said it updated its full-year fiscal 2026 net sales growth guidance to 3.5% to 4.5%, from the previous guidance of 3.0% to 5.0%, and adjusted earnings per share guidance to $8.75 to $9.25, from the previous guidance of $8.50 to $9.50. Free cash flow guidance of $975.0 million remained unchanged from the previous guidance.

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Original filing

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