The J.M. Smucker Co. reported results for the second quarter of its 2026 fiscal year, ending October 31, 2025.
The quarter’s financial performance reflects the earlier divestitures of certain Sweet Baked Snacks brands in March 2025 and the Voortman business in December 2024. Comparisons are to the second quarter of the prior fiscal year unless otherwise noted.
Net sales rose to USD2.3bn, up USD58.9m, or 3%. Excluding the divestitures and the impact of foreign currency exchange, net sales increased 5%. Net income per diluted share came in at USD2.26, while adjusted earnings per share fell 24% to USD2.10.
Cash provided by operations totaled USD346.5 million, down from USD404.2m a year earlier. Free cash flow declined to USD280.2m from USD317.2m in the prior-year period.
“We are pleased with our second quarter results and the positive momentum that we are experiencing in our business,” said Mark Smucker, Chief Executive Officer and Chair of the Board. “Our top-line growth was driven by ongoing demand for our portfolio of leading brands, and our bottom-line results reflect disciplined cost management and business execution.”
He added, “While the overall environment remains dynamic, we continue to navigate successfully what we can control and advance our three strategic priorities of accelerating organic growth, embedding transformation in our everyday, and fostering a ‘Be Bold’ mindset. Through our focused strategy we are confident in our ability to deliver our financial outlook for this fiscal year and advance our longer-term objectives to increase shareholder value.”
Find out more: https://www.jmsmucker.com/