The J.M. Smucker Company (NYSE: SJM), based in Orrville, Ohio, primarily produces food products including coffee, peanut butter, fruit spreads, frozen handheld snacks, sweet baked goods, and pet foods. The company has exhibited a decline in its recent quarterly performance. For the fourth quarter of fiscal 2025, net sales amounted to $2.14 billion, reflecting a decrease of 3% from the previous year. Excluding divestitures and currency fluctuations, net sales decreased by 1%.

The net loss per diluted share for the quarter was reported at $6.85, a significant decline compared to a net income of $2.30 for the same quarter of the previous year. On an adjusted basis, earnings per share decreased by 13%, resulting in an adjusted earnings per share of $2.31.

For the fiscal year, net sales increased 7% year-over-year to $8.73 billion, but when adjusted for recent acquisitions and divestitures, revenue remained flat. The gross profit for the fourth quarter was $823.3 million, down 10% from $913.3 million in the prior year. The adjusted gross profit also reflected a decline, decreasing by 9% to $804.2 million.

Operating income for the fourth quarter was negative at $(599.1 million), primarily impacted by noncash impairment charges of $867.3 million and other intangible asset impairment charges. Adjusted operating income for the quarter was $422.4 million, down 8% compared to $461.6 million from the prior year.

The company generated $393.9 million in operating cash flow during the quarter, down from $428.1 million year-over-year. Free cash flow was reported at $298.9 million for the quarter, slightly up from $297.5 million in the previous year.

The company provided guidance for fiscal year 2026, projecting net sales growth of 2.0% to 4.0%, with adjusted earnings per share anticipated to range between $8.50 and $9.50. Free cash flow for the year is expected to reach approximately $875 million. These new projections reflect efforts to stabilize business performance and enhance operational efficiency amidst market challenges.