The company said net sales for Q3 2026 increased $153.4 million (7%), with net price realization contributing 10 percentage points and volume/mix reducing net sales by 2 percentage points. It cited higher net pricing for coffee as the primary driver of the price effect.

10-QQuarterly reportFiled Feb 26, 2026Period of report Jan 31, 2026Summary published (UTC) Oct 5, 2026

Key points

AI summary

The company said net sales for Q3 2026 increased $153.4 million (7%), with net price realization contributing 10 percentage points and volume/mix reducing net sales by 2 percentage points. It cited higher net pricing for coffee as the primary driver of the price effect.
Smucker said gross profit for Q3 2026 decreased $50.3 million (6%) and its operating loss decreased $45.6 million (8%). The company cited lapping a $50.2 million net pre-tax loss on divestitures in the prior year and a $40.8 million decrease in impairment charges as factors behind the smaller operating loss.
The company said net sales in the Sweet Baked Snacks segment for Q3 decreased $53.8 million, or $27.5 million (11%) excluding the effect of divestitures. Segment profit decreased $42.6 million, and the company cited higher costs, unfavorable volume/mix and higher marketing spend as factors.
Smucker said operating cash flow for the first 9 months of fiscal 2026 increased $77.9 million. It said dividend payments for the same period were $347.9 million, capital expenditures were $222.1 million, and the net decrease in short-term borrowings was $181.0 million.

Key figures

Quarter ended January 31, 2026

Revenue: $2.3B
Operating income: −$548M
Net income: −$724M
EPS: −$6.79
Gross profit: $828M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q3 2026 Net Sales Rise on Price and Volume/Mix

The company said net sales for Q3 2026 increased $153.4 million (7%), with net price realization contributing 10 percentage points and volume/mix reducing net sales by 2 percentage points. It cited higher net pricing for coffee as the primary driver of the price effect.

Source · Based on the MD&A text of the filing

Q3 Gross Profit Down, Operating Loss Narrows

Smucker said gross profit for Q3 2026 decreased $50.3 million (6%) and its operating loss decreased $45.6 million (8%). The company cited lapping a $50.2 million net pre-tax loss on divestitures in the prior year and a $40.8 million decrease in impairment charges as factors behind the smaller operating loss.

Source · Based on the MD&A text of the filing

Sweet Baked Snacks Segment Results for Q3

The company said net sales in the Sweet Baked Snacks segment for Q3 decreased $53.8 million, or $27.5 million (11%) excluding the effect of divestitures. Segment profit decreased $42.6 million, and the company cited higher costs, unfavorable volume/mix and higher marketing spend as factors.

Source · Based on the MD&A text of the filing

Fiscal 2026 First 9 Months Cash Flow and Uses of Cash

Smucker said operating cash flow for the first 9 months of fiscal 2026 increased $77.9 million. It said dividend payments for the same period were $347.9 million, capital expenditures were $222.1 million, and the net decrease in short-term borrowings was $181.0 million.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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