Shares of The J.M. Smucker Co. (NYSE: SJM) stayed green on Thursday. The stock has gained 4% over the past three months. The branded foods company is slated to publish its earnings results for the third quarter of 2026 on Thursday, February 26, before the market opens. Here’s a look at what to expect from the earnings report:
Revenue
J.M. Smucker has forecasted sales to increase in the mid-single-digits for the third quarter of 2026. Analysts are estimating revenue of $2.32 billion, which indicates an increase of 6% from the year-ago period. In the second quarter of 2026, sales increased 3% year-over-year to $2.33 billion.
Earnings
SJM expects adjusted earnings per share for Q3 2026 to decline a mid-teen percent. Analysts are predicting EPS of $2.26, which implies a 13% decline from the previous year. In Q2 2026, adjusted EPS decreased 24% YoY to $2.10.
Points to note
SJM’s net sales guidance for the third quarter includes an impact of $26 million related to the divested Voortman business and certain Sweet Baked Snacks value brands. Comparable sales are projected to increase in the high-single-digits, reflecting higher pricing partly offset by unfavorable volume/mix. The sales outlook also reflects a decline of $6 million of contract manufacturing sales related to the divested pet food brands.
The decline in adjusted EPS is expected to be driven by a drop in adjusted gross profit in US Retail Coffee and higher SD&A expense. The company expects adjusted EPS to improve sequentially throughout the fiscal year.
SJM is expected to benefit from the strong performances of brands such as Uncrustables, Café Bustelo, Meow Mix, Milk-Bone, and Hostess. These brands have delivered continued sales growth and have significant opportunity for expansion. The company’s product innovation and marketing efforts have helped gain new customers and increase household penetration.
Within its Pet segment, SJM is expected to benefit from the pet humanization trend as well as its product innovation initiatives as it sees gains in the dog snacks and dry cat food categories. The wet cat food and treats categories also provide significant opportunity for growth.