Q1 FY27 · Ended Jul 31, 2026 · View SEC filing
Lower costs, not higher sales, doubled gross profit
Sales rose 5.0% while cost of products sold fell 24.3%, a swing the filing ties to hedge gains and tariff refunds.
For investorsWhat coffee profit rests on once the one-off help fades
For foundersThe brand-ladder playbook behind Smucker's coffee pricing
Coffee is 36.4% of sales, and its pricing carried the company's growth while volume still rose, led by Dunkin’ and Café Bustelo.
Last fiscal year a $138.7M net loss came with $1,156.2M of free cash flow, so the losses were largely noncash.
Uncrustables is the filing's named volume driver in both retail freezers and foodservice, so one product line feeds two demand streams.
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Business Lens describes J.M. Smucker Company from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
