The J.M. Smucker Co. (NYSE: SJM) reported its first quarter 2026 earnings results today.
Net sales of $2.11 billion was down 1% year-over-year. Comparable net sales increased 2%.
GAAP net loss was $43.9 million, or $0.41 per share, compared to net income of $185 million, or $1.74 per share, last year. Adjusted EPS was $1.90, down 22%.
Sales beat estimates while earnings came in line.
For the full year of 2026, the company expects net sales to increase 3-5% YoY and adjusted EPS to be $8.50-9.50. Comparable sales are expected to increase approx. 4.5-6.5%.
The stock was down over 2% in premarket hours on Wednesday.