The J.M. Smucker Co. announced its fiscal 2026 second quarter results, revealing a 3% increase in net sales to $2.3 billion. However, adjusted earnings per share saw a significant decline of 24%, dropping to $2.10. This decrease is attributed to challenges from divestitures and rising commodity costs.
CEO insights highlighted a positive momentum driven by strong brand demand and disciplined cost management. The company remains focused on organic growth and transformation strategies despite the hurdles faced.
Segment performance varied, with the U.S. Retail Coffee segment experiencing a robust 21% increase in net sales. In contrast, other segments like Sweet Baked Snacks and Pet Foods faced declines due to volume/mix issues and the impact of divestitures.
Looking ahead, J.M. Smucker Co. revised its full-year fiscal 2026 guidance, expecting net sales to increase by 3.5% to 4.5% and adjusted earnings per share to range from $8.75 to $9.25, amidst a dynamic external environment.
Wall Street analysts forecast SJM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SJM is 117.10 USD with a low forecast of 105.00 USD and a high forecast of 130.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
Wall Street analysts forecast SJM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SJM is 117.10 USD with a low forecast of 105.00 USD and a high forecast of 130.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Buy
6 Hold
0 Sell
Moderate Buy
Current: 103.360
Low
105.00
Averages
117.10
High
130.00
Current: 103.360
Low
105.00
Averages
117.10
High
130.00
Morgan Stanley
Overweight -> Equal Weight
downgrade
$115 -> $105
2026-01-16
Reason
Morgan Stanley
Price Target
$115 -> $105
AI Analysis
2026-01-16
downgrade
Overweight -> Equal Weight
Reason
Morgan Stanley downgraded J.M. Smucker to Equal Weight from Overweight with a price target of $105, down from $115. The firm says the U.S. food sector faces rising competitive risk as value-focused pricing, promotions, and private label momentum reaccelerate into 2026. These add to "already present" sales pressures and limit the scope for margin recovery, the analyst tells investors in a research note. Morgan Stanley downgrades J.M. Smucker following a period of solid relative share outperformance.
TD Cowen
Hold
downgrade
$111 -> $105
2026-01-08
Reason
TD Cowen
Price Target
$111 -> $105
2026-01-08
downgrade
Hold
Reason
TD Cowen lowered the firm's price target on J.M. Smucker to $105 from $111 and keeps a Hold rating on the shares. The firm adjusted price targets in consumer staples as part of a 2026 outlook. TD expects a "challenging" year for large-cap consumer staples with volume growth unlikely to improve materially from the negative 0.9% in 2025 and pricing "muted."
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Morgan Stanley
Overweight
maintain
$118 -> $115
2025-11-26
Reason
Morgan Stanley
Price Target
$118 -> $115
2025-11-26
maintain
Overweight
Reason
Morgan Stanley lowered the firm's price target on J.M. Smucker to $115 from $118 and keeps an Overweight rating on the shares. The firm does not think shares being down about 370 basis points on the day of earnings was "unfair" in light of more constructive sentiment and many investors hoping for upside versus an in-line Q2 and unchanged midpoint of fiscal year guidance, the analyst tells investors. Post Q2, the firm is lowering its estimates by a low-to-mid single digit percentage, the analyst added.
UBS
Peter Grom
Buy
downgrade
$120 -> $117
2025-11-26
Reason
UBS
Peter Grom
Price Target
$120 -> $117
2025-11-26
downgrade
Buy
Reason
UBS analyst Peter Grom lowered the firm's price target on J.M. Smucker to $117 from $120 and keeps a Buy rating on the shares. Solid organic growth was offset by weaker gross margin in the quarter, the analyst tells investors in a research note.
About SJM
The J. M. Smucker Company is engaged in the manufacturing and marketing of branded food and beverage products on a worldwide basis. The Company’s branded food and beverage products include a portfolio of brands that are sold to consumers primarily through retail outlets in North America. The Company operates through four segments: U.S. Retail Coffee, U.S. Retail Frozen Handheld and Spreads, and U.S. Retail Pet Foods, and Sweet Baked Snacks. The U.S. Retail Coffee segment primarily includes the domestic sales of Folgers, Dunkin’, and Cafe Bustelo branded coffee. The U.S. Retail Frozen Handheld and Spreads segment primarily includes the domestic sales of Uncrustables, Jif, and Smucker’s branded products. The U.S. Retail Pet Foods segment primarily includes the domestic sales of Meow Mix, Milk-Bone, Pup-Peroni, and Canine Carry Outs branded products. The Sweet Baked Snacks segment primarily includes all domestic and foreign sales of Hostess branded products across all channels.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
