The J.M. Smucker Company (SJM) Reports Q3 FY2026: Net Sales Up 7%, Adjusted EPS Down 9%

NodeGuardian · 2026-03-24T10:20:19+00:00

The J.M. Smucker Company reported a 7% rise in Q3 FY2026 net sales to $2.3 billion, despite a 9% drop in adjusted EPS to $2.38. The company forecasts free cash flow of $975 million and adjusted EPS of $8.75 to $9.25, with Deutsche Bank raising its price target to $117.

NodeGuardian

2026-03-24 10:20:19

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The J.M. Smucker Company (SJM) announced its Q3 FY2026 results, reporting a 7% increase in net sales to $2.3 billion, although adjusted EPS fell by 9% to $2.38 due to noncash impairment charges. The company also provided an updated full-year fiscal 2026 forecast, projecting free cash flow of approximately $975 million and adjusted EPS between $8.75 and $9.25. Deutsche Bank recently increased SJM’s price target to $117 while maintaining a Hold rating.

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