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

We recently compiled a list of the 12 Top Performing Consumer Staples Stocks in February. The J.M. Smucker Company (NYSE:SJM) is one of the best performing stocks on this list.

TheFly reported on February 27 that Deutsche Bank increased its price target for SJM to $117 from $112 while retaining a Hold rating on the stock.

The J.M. Smucker Company (NYSE:SJM) announced its results for the third quarter of fiscal 2026, which concluded on January 31, 2026, on February 26. With all comparisons made against the third quarter of the prior fiscal year, the reported numbers show the impact of past divestitures, such as the sale of some Sweet Baked Snacks value brands on March 3, 2025, and the Voortman business on December 2, 2024.

According to the report, the company’s net sales for the period increased by $153.4 million, or 7%, to $2.3 billion; net sales adjusted for currency effects and divestitures increased by 8%. Noncash impairment charges associated with the Sweet Baked Snacks reporting unit caused the company to record a net loss per diluted share of $6.79, while adjusted earnings per share fell 9% to $2.38. Free cash flow increased to $487.0 million from $151.3 million in the previous quarter, while operating cash flow increased to $558.5 million from $239.4 million.

The company also revised its full-year fiscal 2026 forecast, estimating free cash flow of approximately $975.0 million, adjusted EPS between $8.75 and $9.25, and net sales growth of 3.5% to 4.0% (5.0%–5.5% on a comparable basis), taking into account ongoing divestiture effects, margin assumptions, and projected capital expenditures of $325.0 million.

The J.M. Smucker Company (NYSE:SJM) produces and markets food and beverage products, including coffee, peanut butter, and spreads, serving retail and foodservice customers primarily in North America.

While we acknowledge the risk and potential of SJM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SJM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

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