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The J.M. Smucker Company SJM Goodwill impairment

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Segments

By segment

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U.S.Retail Coffee$0
U.S.Retail Frozen Handheld And Spreads$0
U.S.Retail Pet Foods$0

Other financials

Income statement

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Revenue$2.3B+5.8%
Gross profit$862.1M+4.7%
Operating income$444.5M+174%
Net income-$724.2M-9.3%
EPS (diluted)-$6.79-9.2%

Balance sheet

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Cash & equivalents$58.6M-16.2%
Total debt$7.0B-10.6%
Total equity$5.5B-8.9%
Total assets$16.2B-7.7%

Cash flow

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Operating cash flow$579.2M+47.0%
CapEx$95.3M+0.3%
Free cash flow$483.9M+61.9%

Valuation

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Market cap$12.74B+9.5%
Enterprise value$19.66B-0.3%
P/S1.4×+0.1×

Profitability

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Gross margin33.5%-5.3pp
Operating margin4%+2.4pp
Net margin-14.1%-19.1pp
FCF margin12.8%+3.4pp

Returns & leverage

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Return on equity-20.7%-26.1pp
Debt / equity1.3×0.0×
Current ratio0.8×0.0×

Where this comes from

Reported directly by The J.M. Smucker Company in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: The J.M. Smucker Company’s 10-Q, filed February 26, 2026.

Filed
Feb 26, 2026, 4:15 PM EST
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0000091419-26-000016
Dollars in millions, except per share dataThree Months Ended January 31, 2026Three Months Ended January 31, 2025Nine Months Ended January 31, 2026Nine Months Ended January 31, 2025
Gross Profit827.8878.12,172.42,561.4
Selling, distribution, and administrative expenses363.2367.61,138.81,148.4
Amortization50.353.9150.7165.7
Goodwill impairment charges507.5794.3507.5794.3
Other intangible assets impairment charges454.2208.2454.2208.2
Other special project costs (A)5.010.116.627.9
Loss (gain) on divestitures – net50.2311.0
Other operating expense (income) – net(4.0)(12.2)(11.1)(19.3)

Item 1. Financial Statements.

FAQ

What is The J.M. Smucker Company's goodwill impairment?
The J.M. Smucker Company (SJM) reported goodwill impairment of $507.5M in Q4 2025.
How has The J.M. Smucker Company's goodwill impairment changed year-over-year?
The J.M. Smucker Company's goodwill impairment decreased by 36.1% year-over-year, from $794.3M to $507.5M.
What does goodwill impairment mean?
Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.

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