Smucker earnings date and guidance
MyStockButler's October 2026 analysis: Smucker's next results are expected on November 24, 2026. Watch whether recurring operating improvement survives after the tariff refund.
What has Smucker guided for the year?
Management guides to a 1–2% sales decline for the year to April 2027. It targets adjusted EPS of $10.50–$11.00 and $1.1 billion of free cash flow. The $0.60 per-share tariff-refund benefit is temporary. Planned capital spending is $325 million, alongside about $500 million of debt reduction, leaving less discretionary cash after dividends.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Net sales decrease vs. prior year | Year to Apr 2027 | -2.0% | -1.0% | Aug 26, 2026 |
| Adjusted earnings per share | Year to Apr 2027 | 10.50 | 11.00 | Aug 26, 2026 |
| Free cash flow (in billions) | Year to Apr 2027 | 1.1 | 1.1 | Aug 26, 2026 |
| Capital expenditures (in millions) | Year to Apr 2027 | 325.0 | 325.0 | Aug 26, 2026 |
Has Smucker kept its past promises?
Smucker’s record is mixed: EPS guidance has generally held, while cash promises have been less dependable. Acquisitions, divestitures and the Emporia fire explain some volatility, but recurring cash remains the more important test.
| What management forecast | Checked | Above | Within | Below |
|---|---|---|---|---|
| Net sales change vs prior year | 5 years | 3 | 1 | 1 |
| Adjusted earnings per share | 5 years | 2 | 3 | 0 |
| Free cash flow | 5 years | 2 | 0 | 3 |
How have Smucker's revenue and profit changed?
Revenue rose in the first quarter of fiscal 2027, with 4 percentage points from net pricing and 1 point from volume/mix. Coffee and Uncrustables helped, while sweet baked goods and peanut butter remained weaker. The positive volume/mix contribution matters because fiscal 2026 had been negative.
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | |
|---|---|---|---|---|---|
| Revenue | 2,219.3 | 2,268.1 | 2,339.4 | 2,330.1 | 2,113.3 |
| Operating income | 511.6 | 444.5 | -548.4 | 418.5 | 45.6 |
| Net income | 324.3 | 388.1 | -724.2 | 241.3 | -43.9 |
| EPS, diluted | 3.03 | 3.64 | -6.79 | 2.26 | -0.41 |
What this means. The January 2026 loss is largely from a noncash write-down of Hostess assets, so it did not mean the company paid out that amount in cash.
What should I watch in Smucker's next results?
The next results announcement is expected around November 24, 2026. For Q2, management expects sales to fall while adjusted EPS improves. That combination could be healthy if lower coffee costs protect margins, but it would be weaker if shoppers buy less and the refund conceals the decline.