Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
SJM reported a challenging Q3 FY2026 with gross profit falling 15.2% YoY to $2.17B as cost of revenue surged 14.7%, resulting in a net loss of $526.8M and negative operating income, though operating cash flow improved 9.5% to $894.4M.
Cost of Revenue
$1.51B
+15.57% YoY
EPS (Diluted)
-$6.79
-9.16% YoY
Operating Income
-$548.4M
+7.68% YoY
Source: SEC XBRL
J M Smucker (SJM) reported Q3 FY2026 revenue of $1.51B, up 15.6% year over year. SJM's fiscal Q3 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 2 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 2.77 | 2.66 | Beat +4.0% |
| Mar 2026This filing | 2.38 | 2.30 | Beat +3.6% |
| Dec 2025 | 2.10 | 2.12 | Miss -1.1% |
| Sep 2000 | 0.35 | 0.35 | Miss -1.0% |
Adjusted (non-GAAP) EPS of $2.38 versus the $2.30 analyst consensus — a +3.6% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was -$6.79.
Compiled by AI from this SEC filing
Gross profit declined sharply by 15.2% YoY to $2.17B, driven by a significant 14.7% increase in cost of revenue to $4.61B, indicating substantial cost pressures outpacing revenue generation and squeezing margins considerably.
Source: 10-Q Income Statement (XBRL Financial Data)
Operating income remained negative at -$84.3M (deteriorating 12.7% YoY from -$74.8M), and net loss widened to -$526.8M from -$501.8M, reflecting persistent profitability challenges at both the operating and bottom-line levels.
Source: 10-Q Income Statement (XBRL Financial Data)
SG&A expenses were relatively well-controlled, declining modestly by 0.8% YoY to $1.14B, suggesting management is actively managing overhead costs even as cost of revenue pressures mount.
Source: 10-Q Income Statement (XBRL Financial Data)
Despite reporting a net loss, operating cash flow improved 9.5% YoY to $894.4M, indicating that non-cash charges and working capital management are supporting cash generation above what GAAP earnings suggest.
Source: 10-Q Cash Flow Statement (XBRL Financial Data)
Long-term debt declined 7.4% YoY to $6.84B and current liabilities fell 28.3% to $2.36B, reflecting active debt reduction efforts, though total assets also contracted 11.7% to $16.27B and stockholders' equity fell 24.2% to $5.24B.
Source: 10-Q Balance Sheet (XBRL Financial Data)
Compiled by AI from this SEC filing · 4 high, 1 medium, 0 low
SJM's current ratio stands at 0.84, meaning current liabilities of $2.36B exceed current assets of $1.99B. This indicates the company may face near-term liquidity pressure if operating conditions deteriorate or if refinancing needs arise unexpectedly.
Source: 10-Q Balance Sheet (XBRL Financial Data)
With long-term debt of $6.84B and a debt-to-equity ratio of 2.11, SJM carries a significant debt load relative to its equity base of $5.24B. Elevated interest obligations could further pressure net income, which is already deeply negative at -$526.8M.
Source: 10-Q Balance Sheet & Key Ratios (XBRL Financial Data)
Stockholders' equity declined 24.2% YoY to $5.24B, driven by continued net losses. Persistent losses eroding the equity base could eventually constrain the company's financial flexibility and access to capital markets.
Source: 10-Q Balance Sheet (XBRL Financial Data)
Cost of revenue surged 14.7% YoY to $4.61B, significantly outpacing any revenue growth and compressing gross profit by 15.2%. If input cost pressures persist — whether from commodities, supply chain, or operational factors — margins could deteriorate further.
Source: 10-Q Income Statement (XBRL Financial Data)
ROE of -10.1% and ROA of -3.2% indicate the company is destroying value on both its equity and asset base. Sustained negative returns may challenge the company's ability to attract investment and support long-term growth initiatives.
Source: 10-Q Key Ratios (XBRL Financial Data)
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Cost of Revenue $B | 1.51 $B | 1.31 $B | +15.57% |
Gross Profit $M | 827.80 $M | 878.10 $M | -5.73% |
Operating Income $M | -548.40 $M | -594.00 $M | +7.68% |
Net Income $M | -724.20 $M | -662.30 $M | -9.35% |
EPS (Basic) $ | -6.79 $ | -6.22 $ | -9.16% |
EPS (Diluted) $ | -6.79 $ | -6.22 $ | -9.16% |
SG&A Expense $M | 363.20 $M | 367.60 $M | -1.20% |
Answers draw on this SEC filing and the data on this page
Other companies in Packaged Foods & Meats