SJM on NYSE

The J.M. Smucker Company

Logo: Smuckers, User:Stepshep, Public domain, via Wikimedia Commons5

American food and beverage manufacturer

The J.M. Smucker Company, also known as Smucker's, is an American manufacturer of food and beverage products. Headquartered in Orrville, Ohio, the company was founded in 1897 as a maker of apple butter.3 From Wikipedia, CC BY-SA 4.0

$127.32 up 1.39 (1.10%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 18, 2026.

Overview

$9.1BRevenue, fiscal 20266
-$138.7MNet income, fiscal 20266
1897Founded1

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  • TickerSJM on NYSE1
  • IndustryCanned, Fruits, Veg, Preserves, Jams & Jellies1
  • HeadquartersOrrville1
  • Websitewww.jmsmucker.com
  • Incorporated inOH7
  • Business addressOne Strawberry Lane, Orrville, Oh 446677
  • Filer categoryLarge accelerated filer7

The J.M. Smucker Company, also known as Smucker's, is an American manufacturer of food and beverage products. Headquartered in Orrville, Ohio, the company was founded in 1897 as a maker of apple butter. J.M. Smucker currently has three major business units: consumer foods, pet foods, and coffee. Its flagship brand, Smucker's, produces fruit preserves, peanut butter, syrups, frozen crustless sandwiches, and ice cream toppings.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

33.5%Gross margin6
4.0%Operating margin6
-1.5%Net margin6
3.7%Revenue growth, 20266
-2.5%Return on equity6
1.15×Debt to equity6
$1.2BFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

U.S. Retail Coffee brought in 37% of the revenue The J.M. Smucker Company broke down this way in fiscal 2026.

  1. U.S. Retail Coffee$3.3B637%up 18% from 2025
  2. U.S. Retail Frozen Handheld and Spreads$1.9B620%down 1% from 2025
  3. U.S. Retail Pet Foods$1.6B618%down 4% from 2025
  4. Sweet Baked Snacks$971.3M611%down 18% from 2025
  5. Away From Home$879.0M610%up 15% from 2025
  6. Other Operating$441.8M65%up 1% from 2025
Business segments by year
Business segments202420252026
U.S. Retail Coffee$2.7B$2.8B$3.3B
U.S. Retail Frozen Handheld and Spreads$1.8B$1.9B$1.9B
U.S. Retail Pet Foods$1.8B$1.7B$1.6B
Sweet Baked Snacks$637.3M$1.2B$971.3M
Away From Home$711.5M$763.0M$879.0M
Other Operating$487.1M$437.1M$441.8M

Regions

United States brought in 95% of the revenue The J.M. Smucker Company broke down this way in fiscal 2026.

  1. United States$8.6B695%up 4% from 2025
  2. Canada$340.8M64%down 3% from 2025
  3. All Other International$141.9M62%up 11% from 2025
Regions by year
Regions202420252026
United States$7.7B$8.2B$8.6B
Canada$429.4M$352.4M$340.8M
All Other International$96.3M$128.0M$141.9M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue66¢$6.0B
  • Selling, general and admin17¢$1.5B
  • Other costs16¢$1.5B
  • Income tax1¢$76.3M

Out of $9.1B in revenue.6 The company lost money this year.

Where each dollar of operating cash went, fiscal 2026

  • Capital spending22¢$317.4M
  • Dividends paid32¢$464.7M
  • Share buybacks0¢$5.6M
  • Kept or used elsewhere47¢$685.9M

Out of $1.5B of cash from operations.6

Financial statements

Revenue9101112136$9.1B in 2026+15% since 2019
0$2.5B$5.0B$7.5B$10.0B2019: $7.8B$7.8B20192020: $7.8B$7.8B2020−0%2021: $8.0B$8.0B2021+3%2022: $8.0B$8.0B2022−0%2023: $8.5B$8.5B2023+7%2024: $8.2B$8.2B2024−4%2025: $8.7B$8.7B2025+7%2026: $9.1B$9.1B2026+4%
Gross profit9101112136$3.0B in 2026+4% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $2.9B$2.9B20192020: $3.0B$3.0B2020+3%2021: $3.1B$3.1B2021+5%2022: $2.7B$2.7B2022−14%2023: $2.8B$2.8B2023+4%2024: $3.1B$3.1B2024+11%2025: $3.4B$3.4B2025+9%2026: $3.0B$3.0B2026−10%
Operating income9101112136$360.2M in 2026−61% since 2019
-$1.0B0$1.0B$2.0B2019: $928.6M$928.6M20192020: $1.2B$1.2B2020+32%2021: $1.4B$1.4B2021+13%2022: $1.0B$1.0B2022−26%2023: $157.5M$157.5M2023−85%2024: $1.3B$1.3B2024+729%2025: -$673.9M-$673.9M20252026: $360.2M$360.2M2026
Net income9101112136-$138.7M in 2026
-$2.0B-$1.0B0$1.0B2019: $514.4M$514.4M20192020: $779.5M$779.5M2020+52%2021: $876.3M$876.3M2021+12%2022: $631.7M$631.7M2022−28%2023: -$91.3M-$91.3M20232024: $744.0M$744.0M20242025: -$1.2B-$1.2B20252026: -$138.7M-$138.7M2026−89%

Every line of the income statement in the latest annual report, as filed.6

Period ending2026-04-302025-04-302024-04-30
Net sales$9.1B$8.7B$8.2B
Cost of products sold$6.0B$5.3B$5.1B
Gross Profit$3.0B$3.4B$3.1B
Selling, distribution, and administrative expenses$1.5B$1.5B$1.4B
Amortization$210.6M$219.3M$191.1M
Goodwill impairment charges$507.5M$1.7B$0
Other intangible assets impairment charges$454.2M$320.9M$0
Other special project costs$21.1M$35.8M$130.2M
Loss (gain) on divestitures net$0$310.1M$12.9M
Other operating expense (income) net-$15.7M-$18.1M$29.2M
Operating Income (Loss)$360.2M-$673.9M$1.3B
Interest expense net-$381.2M-$388.7M-$264.3M
Other debt gains (charges) net$0$30.2M-$19.5M
Other income (expense) net-$41.4M-$14.4M-$25.6M
Income (Loss) Before Income Taxes-$62.4M-$1.0B$996.4M
Income tax expense$76.3M$184.0M$252.4M
Net Income (Loss)-$138.7M-$1.2B$744.0M
Net Income (Loss) (in dollars per share)-$1.30-$11.57$7.14
Net Income (Loss) - Assuming Dilution (in dollars per share)-$1.30-$11.57$7.13

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The story

Founded by Jerome Monroe Smucker in 1897.1

Founding (1897–1958)

The J.M. Smucker Company was founded in 1897 by Jerome Monroe Smucker. Smucker was born on December 5, 1858, in Orrville, Ohio, and much of his life was spent as a farmer in Orrville. In 1897 Smucker built a cider mill in Orrville. The company, which came to produce jellies, jams, and other food items, has stated that he used apples from local Orrville trees planted by Johnny Appleseed in the early nineteenth century. Smucker prepared apple butter and sold it from the back of a horse-drawn wagon.

The company was incorporated in 1921. At the time, the company sold preserves and jellies, and by 1928 was distributing in Ohio, Pennsylvania, and Indiana. After the company recorded losses in 1932 and 1933, in 1935 Smucker's eldest son Willard established a Smucker's plant in the state of Washington for pre-processing apples, which were then shipped to Orrville to be cooked. After introducing its trademark glass jar in 1939, annual sales reached $1 million. In 1940, Smucker's introduced its first line of ice cream toppings, and two years later began distributing its products nationally. During World War II, the company faced shortages of labor, glass, and fruit. In 1946, Smucker's earned the designation "U.S. Grade A Fancy" after it paid U.S. Department of Agriculture inspectors to "oversee every aspect of its production".

National expansion and IPO (1959–1984)

The company went public in 1959, and the following year J.M. Smucker opened a manufacturing plant in Salinas, California that increased its production capacity by 40%. In 1960, Paul Smucker became president and the company hired Wyse Advertising of Cleveland to produce radio spots. J.M. Smucker was then listed on the New York Stock Exchange (NYSE) in 1965.

1963 saw J.M. Smucker's acquisition of the jams and jellies company Mary Ellen. Profits increased between 1959 and 1969 before dropping in 1970. Between 1973 and 1980, J.M. Smucker implemented cost-cutting measures to increase profit margins, acquiring manufacturing operations in Oregon, Tennessee and California and consolidating packing operations. In 1978, J.M. Smucker debuted a low sugar "spread" that was so low in sugar the Food and Drug Administration wouldn't allow Smucker's to market it as a jam. J.M. Smucker acquired gourmet preserves company Dickinson's in 1979, and by 1980, J.M. Smucker was the number one jams and jellies company in the United States, with over 25% of the market in the United States.

In 1981, Timothy Smucker was named president and the company purchased Magic Shell the following year. After purchasing the pickle companies Wooster Preserving Co. and the H.W. Madison Co. in the 1960s, the company sold its unsuccessful pickle line in the early 1980s. J.M. Smucker in 1984 continued to be traded on the NYSE, with the Smucker family retaining a 30% interest in the business. That year J.M. Smucker acquired the juices company Knudsen & Sons.

Diversification and growth (1980s–2016)

In the late 1980s, the company began expanding internationally under CEO Richard Smucker, acquiring brands in Canada, the United States, Australia, and Europe. In 1987 J.M. Smucker purchased R-Line Foods, and in 1988 the company acquired the Canadian toppings brand Shirriff which made products such as Good Morning Marmalade. J.M. Smucker's sales reached $367 million in 1989. In 1989 J.M. Smucker purchased the Australian company Henry Jones Foods, later selling it in 2004 to SPC Ardmona. By 1993, 8% of J.M. Smucker's annual sales were international.

The peanut butter company Laura Scudder's and the juice company After the Fall were purchased in 1994, and that year J.M. Smucker also changed advertising agencies from Wyse Advertising to the Leo Burnett Company. The annual Peanut Butter Festival in the town of New Bethlehem, Pennsylvania is co-sponsored by Smucker's. First held in 1996, the festival was held in New Bethlehem because the Smucker's peanut butter factory was the lead employer in the area at the time. In 1998, J.M. Smucker acquired the peanut butter company Adams, as well as the maker of the Incredible Uncrustables frozen crustless sandwich, MenUSAver. J.M. Smucker renamed the product Uncrustables. J.M. Smucker acquired Jif and Crisco in 2002.

By 2004, the company was still headquartered in Orrville, Ohio and had been family-run for four generations. Between 1998 and 2004, the company had appeared on Fortune magazine's annual listing of the 100 Best Companies to Work For in the United States each year, ranking number one in 2004. That year the company purchased International Multifoods Corporation. Among the acquired brands in the deal were Pillsbury, Hungry Jack, Pet, Bick's pickles and condiments, and Canadian flour companies Golden Temple, and Robin Hood. In 2006, White Lily Brand was acquired. In 2007, the Canadian flour company Five Roses was acquired. That same year, the company also acquired King Kelly Orange Marmalade, Eagle Family Foods, which brought in the brands Eagle Brand/Borden milk products, None Such mincemeat, and Kava coffee.

Read the full text

In 2008, J.M. Smucker joined the Standard & Poor's 500 Index. That May, J.M. Smucker announced it had bought the food division of Knott's Berry Farm from ConAgra Foods, while Cedar Fair continued to own the theme park itself. That year it also purchased the frozen produce company Europe's Best in Canada and the milk brand Carnation. On November 6, 2008, J.M. Smucker purchased the Folgers coffee brand division from Procter & Gamble for $3.3 billion, acquiring brands such as Millstone Coffee in the process. The Reverse Morris Trust merger doubled J.M. Smucker's size.

In 2010, J.M. Smucker acquired Rowland Coffee Roasters, makers of Latin coffee brands, followed by the North American coffee and tea operations of Sara Lee in 2011. J.M. Smucker acquired Big Heart Pet Brands in 2015 for $5.8 billion, bringing in brands such as Milk Bone, Meow Mix, Kibbles ‘n Bits and Pup-Peroni. Also that year, J.M. Smucker announced it would sell its canned milk operations in the United States to Eagle Family Foods Group LLC. In February 2015, J.M Smucker and Keurig partnered together on making K-Cup packs of Dunkin' coffee. Mark Smucker was named CEO in 2016.

Recent (2017–present)

After an antitrust lawsuit filed by the Federal Trade Commission (FTC) in early March 2018, ConAgra Brands Inc. and J. M. Smucker Co. cancelled a deal for Smucker to purchase the Wesson cooking oil brand. The FTC claimed that Smuckers would have controlled at least 70% of the market for branded canola and vegetable oils. As part of a strategy to focus on pet food, coffee, and snacking, on August 31, 2018, J.M. Smucker announced it had sold its baking business in the United States to Brynwood Partners for $375 million, including the brands Pillsbury, Martha White, Hungry Jack, White Lily, and Jim Dandy. The baking business in Canada was retained. The company acquired Ainsworth Pet Nutrition in 2018, including the brands Better Than! Treats, Dad's Pet Care, and Rachael Ray Nutrish, and in October 2018, J.M. Smucker consolidated its $580 million marketing business into Publicis Groupe.

During the COVID-19 pandemic many J.M. Smucker employees began remote work. J.M. Smucker began providing "pay and benefits to employees to avoid furloughs," creating employee hardship and sick leave programs. By August 2020, its international and away-from-home segment had seen a quarterly sales decline of 9%. The Smucker's brand had seen a 25% quarterly increase in sales, Uncrustables had seen a 35% jump, and Crisco had seen a 50% increase. In September 2020, the company announced a new logo and corporate brand identity, with aims to distinguish Smucker the company from Smucker's brand food items. J.M. Smucker Company was shortened to J.M. Smucker Co. In December 2020 J.M. Smucker sold Crisco to B&G Foods for $550 million, part of the company's ongoing plan to divest of baking products in the United States. Overall in 2020, J.M. Smucker had $7.8 billion in net sales, with free cash flow growing 26% from 2019 to $985.5 million. Its US retail consumer foods unit saw a 22% jump in annual profits, while coffee rose 11% and pet food rose 6%. After selling Natural Balance Pet Foods to Nexus Capital for $50 million in Jan. 2021, in early 2022, the company sold R.W. Knudsen and truRoots to Nexus Capital. The deal included an agreement for Nexus Capital to license Santa Cruz Organic beverages, although not the brand's food items. The deal was estimated at $110 million. In January 2024, the Knott's Berry Farm grocery brand was discontinued due to low sales.

Hostess Brands acquisition

On 11 September 2023, J.M. Smucker announced an acquisition of Hostess Brands for $5.6 billion in cash and stock. This will bring several snack brands, including Twinkies, CupCakes, DingDongs, HoHos, Fruit Pies, CoffeeCakes, MiniMuffins, and Voortman cookies, along with seven manufacturing and distribution facilities, and 3,000 employees to J.M. Smucker. The acquisition was completed in November 2023.

From Wikipedia’s article on The J.M. Smucker Company, shared under CC BY-SA 4.0.8

Leadership

Who has led The J.M. Smucker Company, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (57)

Products and brands

J.M. Smucker's four major business units are consumer foods, pet food, snacks, and coffee. The company is particularly known as a marketer and manufacturer of products such as fruit spreads, peanut butter, ice cream toppings, sweetened condensed milk, and health and natural foods and beverages. The Smucker's flagship brand manufactures and sells its own brands of fruit preserves, jelly, peanut butter including Smucker's Goober PB&J, syrups, ice cream toppings including Smucker's Magic Shell, and the Uncrustables sealed crustless sandwich. In Canada, the Smucker's name is only used for ice cream toppings and preserves.

J.M. Smucker brands currently include:

From Wikipedia’s article on The J.M. Smucker Company, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Subsidiaries

Also owns

From Wikidata.1

Former names

  • SMUCKER J M COMar 14, 1994 to Oct 6, 20147

Timeline

  1. Jun 10, 2016New chief executive Mark T. Smucker becomes CEO19
  2. Jun 11, 2013New chief executive Richard K. Smucker becomes CEO20
  3. 1897Founded Founded1

Recent filings

  1. Oct 2, 20264
  2. Oct 2, 20264
  3. Oct 2, 20264
  4. Oct 2, 20264
  5. Oct 2, 20264
  6. Oct 2, 20264
  7. Oct 2, 20264
  8. Oct 2, 20264
  9. Oct 2, 20264
  10. Oct 2, 20264
  11. Sep 23, 2026S-3ASR
  12. Sep 2, 20264
  13. Sep 2, 20264
  14. Sep 2, 20264
  15. Sep 2, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

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