{
  "url": "https://struct.news/briefs/smuckers-1022-operating-income-jump-came-with-tariff-refunds-and-cost-relief",
  "title": "Smucker's operating income jumped 1,022% on 5% sales growth",
  "summary": "Gross profit rose $504.9 million, helped by tariff refunds, derivative gains, pricing, and lower costs.",
  "published_at": "2026-08-27T06:40:05.182321+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "The J. M. Smucker Company",
    "ticker": "SJM",
    "cik": "91419",
    "sector": "Consumer Defensive",
    "industry": "Packaged Foods"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-26",
    "accession": "0000091419-26-000080",
    "url": "https://www.sec.gov/Archives/edgar/data/91419/000009141926000080/sjm-20260731.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-27",
    "url": "https://www.sec.gov/Archives/edgar/data/91419/000009141925000071/sjm-20250731.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 9050900000,
      "display": "$9.1B",
      "unit": "usd",
      "period": "2026-04-30",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0000091419-26-000080",
        "filing_date": "2026-08-26"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 3.722166832834839,
      "display": "+3.7%",
      "unit": "percent",
      "period": "2026-04-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000091419-26-000080",
        "filing_date": "2026-08-26"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 3.9797147245025357,
      "display": "+4.0%",
      "unit": "percent",
      "period": "2026-04-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000091419-26-000080",
        "filing_date": "2026-08-26"
      }
    }
  ],
  "watch_next": [
    {
      "type": "tariffs",
      "statement": "Tariff refunds contributed to higher segment profit in the latest reported period.",
      "importance": "medium",
      "evidence": "Segment profit increased $9.8, primarily reflecting tariff refunds and favorable volume/mix, partially offset by higher costs.",
      "source_date": "2026-08-26"
    },
    {
      "type": "working_capital",
      "statement": "Lower inventory and favorable timing in receivables and payables reduced the cash required to fund working capital.",
      "importance": "medium",
      "evidence": "The cash required to fund working capital decreased compared to the prior year, primarily driven by a decrease in cash used for inventories",
      "source_date": "2026-08-26"
    },
    {
      "type": "pricing",
      "statement": "Higher net pricing, primarily for coffee, added 4 percentage points to net sales in the latest three months.",
      "importance": "medium",
      "evidence": "Net price realization contributed 4 percentage points to net sales, primarily driven by higher net pricing for coffee.",
      "source_date": "2026-08-26"
    },
    {
      "type": "demand",
      "statement": "Volume and mix added 1 percentage point to net sales, led by Uncrustables sandwiches and coffee but offset by weaker sweet baked goods and peanut butter.",
      "importance": "medium",
      "evidence": "Volume/mix increased net sales by 1 percentage point, primarily driven by increases for Uncrustables sandwiches and coffee, partially offset by decreases for sweet baked goods and peanut butter.",
      "source_date": "2026-08-26"
    }
  ],
  "related_tickers": [
    "SJM"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}