J.M. Smucker Posts $1.23B Loss, Shares Drop 16%

J.M. Smucker Co. reported mixed fourth-quarter results, with adjusted EPS of $2.31 beating expectations but sales of $2.14 billion falling short. For the full fiscal year, net sales rose 7% to $8.73 billion, but the company posted a significant net loss of $1.23 billion, mainly due to divestiture and Hostess Brands acquisition charges. Fiscal 2026 adjusted EPS guidance of $8.50–$9.50 fell well below analyst estimates, prompting a share price decline of up to 16%. Coffee sales, particularly Café Bustelo, grew strongly, but higher coffee costs and underperformance in the Hostess sweet baked snacks segment weighed on results. Management plans more coffee price increases and operational improvements for Hostess. Analysts lowered price targets, citing concerns about slow growth and difficult market conditions.