J M SMUCKER Co

Company facts

Industry

Canned, Fruits, Veg, Preserves, Jams & Jellies

Headquarters

Orrville, Ohio

Most recent report

10-Q, filed Aug 26, 2026

Incorporated

Ohio

Filings on record

1,001+ filings

On EDGAR

CIK 91419

Fiscal year ends

April

Filer status

Large accelerated filer

What to read: FY2026 10-K

SECSift found 7 of 25 sections worth reading, with 1 positive, 10 notable, and 9 negative flags.

• Business (Item 1)

  Walmart concentration, new segment, exec changes – material business facts.
  Notable

  • Away From Home segment became reportable in Q4 2026, giving Smucker five segments vs four before.
  • Private label dollar share in U.S. Retail and Sweet Baked Snacks rose to 14.0% from 13.7% a year earlier.
  Negative

  • Walmart at 34% of net sales in 2026, up from 33% – high customer concentration risk.

• Risk Factors (Item 1A)

  Massive $961.7M goodwill impairment in Q3 2026; critical to understand.
  Notable

  • 21% of employees unionized (down from 22%); three contracts expiring in 2027 covering ~5% of total employees.
  • Total debt $7.0B at April 30, 2026, down from $7.7B a year earlier but still substantial.
  Negative

  • KDP is now single-source for liquid coffee (changed from JDE Peet's in prior year), increasing dependency.
  • Green coffee prices remain highly volatile after extreme Brazilian drought in 2025; coffee business at risk.
  • $961.7M impairment in Q3 2026; Sweet Baked Snacks goodwill fully written off, Hostess trademark impaired and reclassified.

• Properties (Item 2)

  Multiple operational changes in facilities and segments.
  Notable

  • U.S. distribution centers increased from one owned to two owned; no Canadian distribution center this year.
  • Indianapolis facility closed in FY2026, sale anticipated in FY2027, as part of operations optimization.
  • Segment 'Other' changed from 'International and Away From Home' to just 'International'.

• Market for the Stock (Item 5)

  Shareholders dropped 37% YoY; stock lost value over 5 years.
  Negative

  • Shareholders of record dropped 37% from 531,057 to 332,277 as of June 2, 2026.

• Management's Discussion (Item 7)

  Dense with company-specific impairments, segment declines, liquidity, and litigation.
  Positive

  • Away From Home segment net sales up 15% and segment profit up 25% in FY2026.
  Notable

  • U.S. Retail Coffee net sales up 18% but segment profit down 12% due to higher commodity costs and tariffs.
  Negative

  • Loss on Voortman divestiture of $265.9 million recorded in FY2026.
  • Goodwill impairment of $507.5 million fully eliminated Sweet Baked Snacks reporting unit goodwill in FY2026.
  • Hostess brand trademark impaired by $454.2 million and reclassified to finite-lived intangible in FY2026.

• Financial Statements (Item 8)

  Full financial results: $138.7M net loss, $961.7M impairment charges, segment trends.
  Notable

  • Away From Home segment met reportable segment criteria in Q4 2026; prior periods recast.
  Negative

  • Class action lawsuits over Folgers coffee serving claims; no reserve accrued as outcome uncertain.

• Exhibits (Item 15)

  New separation agreement, credit agreements, and director change make this more than procedural.
  Notable

  • Woo-Sung Chung added as director; Alex Shumate removed from prior year's signature list.

What changed: FY2026 vs. FY2025

About 11% of SJM's FY2026 10-K is new information. 83 paragraphs were added, 357 changed, and 181 removed. Below are the most important lines SECSift identified.

• Financial Statements (Item 8) 149
• Management's Discussion (Item 7) 75
• Business (Item 1) 54
• Risk Factors (Item 1A) 54
• Exhibits (Item 15) 16
• Properties (Item 2) 10
• Market Risk (Item 7A) 7
• Market for the Stock (Item 5) 5
• Directors and Officers (Item 10) 2