{
  "url": "https://struct.news/briefs/the-j-m-smucker-companys-walmart-tie-is-the-loudest-line-on-its-relationship-map",
  "title": "The J. M. Smucker Company’s Walmart tie is the loudest line on its relationship map",
  "summary": "Smucker discloses one customer at 34% of sales, a single-source Folgers packaging supplier, and a handful of corporate ties that reach from coffee counters to pet food.",
  "published_at": "2026-08-17T23:49:23.265272+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": null,
    "sector": "Consumer Defensive",
    "industry": null
  },
  "source_filing": null,
  "comparison_filing": null,
  "reported_figures": [
    {
      "group": "Smucker’s disclosed relationship map",
      "label": "PKG",
      "value": "PKG",
      "display": "PKG",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-17"
      }
    },
    {
      "group": "Smucker’s disclosed relationship map",
      "label": "WMT",
      "value": "WMT",
      "display": "WMT",
      "unit": "ticker",
      "period": null,
      "detail": "34.0% revenue",
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-17"
      }
    },
    {
      "group": "Smucker’s disclosed relationship map",
      "label": "BURL",
      "value": "BURL",
      "display": "BURL",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-17"
      }
    },
    {
      "group": "Smucker’s disclosed relationship map",
      "label": "QSR",
      "value": "QSR",
      "display": "QSR",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-17"
      }
    },
    {
      "group": "Smucker’s disclosed relationship map",
      "label": "POST",
      "value": "POST",
      "display": "POST",
      "unit": "ticker",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Named in SEC filings",
        "as_of": "2026-08-17"
      }
    }
  ],
  "watch_next": [
    {
      "type": "interest_rates",
      "statement": "Greif acquisition financing and lower cash balances increased net interest expense in the latest reported period.",
      "importance": "medium",
      "evidence": "The increase in interest expense, net was primarily due to higher interest expense in 2026 as a result of the Company’s financing for the Greif Acquisition and lower interest income as a result of lower interest rates on lower cash balances.",
      "source_date": "2026-08-07"
    },
    {
      "type": "demand",
      "statement": "Egg-product sales fell as lower prices coincided with 9% lower volumes and normalized demand.",
      "importance": "medium",
      "evidence": "Egg product sales were down $16.6 million, or 32%, driven by lower average net selling prices due to the lapping of HPAI pricing in the prior year period and 9% lower volumes primarily due to the normalization of egg demand in the current year period .",
      "source_date": "2026-08-06"
    },
    {
      "type": "pricing",
      "statement": "Side-dish pricing lifted sales despite 1% lower volumes, creating a specific price-versus-volume exposure to compare.",
      "importance": "medium",
      "evidence": "Sales of side dishes were up $2.8 million, or 4%, on 1% lower volumes, driven by higher average net selling prices primarily due to list price increases.",
      "source_date": "2026-08-06"
    },
    {
      "type": "input_costs",
      "statement": "Track operating expenses as a percent of net sales (the filing reports a +33 basis point year-over-year increase) and items driving that change.",
      "importance": "medium",
      "evidence": "Operating expenses as a percentage of net sales increased 33 basis points for the three months ended April 30, 2026, when compared to the same period in the previous fiscal year, primarily driven by higher depreciation related to our capital investments, certain business reorganization charges of $0.2 billion within the Walmart U.S. segment and Corporate and support related to strategic efforts to align our global platforms, as well as higher associate healthcare benefit costs related to increas",
      "source_date": "2026-05-29"
    }
  ],
  "related_tickers": [
    "BURL",
    "PKG",
    "POST",
    "QSR",
    "SJM",
    "WMT"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}