The J. M. Smucker Company is pursuing growth beyond mature grocery categories by expanding into foodservice channels, convenience-led formats, and premium coffee. Away From Home sales, which became a separately reportable segment in fiscal 2026, rose 15% in the fourth quarter, driven by coffee, Uncrustables, fruit spreads, and foodservice demand. The Uncrustables brand reached $1 billion in annual sales and added about 3 million households over the past year, while Cafe Bustelo grew net sales 39% in fiscal 2026 to approximately $550 million. However, fiscal 2027 sales are expected to decline 3% to 4%, and challenges remain in Sweet Baked Snacks, where segment sales fell 18%, and in pet foods, where dog snacks and lapped contract manufacturing sales weighed on results. The company plans to increase selling, distribution, and administrative expenses by about 5% in fiscal 2027, with marketing focused on Uncrustables, Cafe Bustelo, Meow Mix, and Milk-Bone, while green coffee deflation is expected to support profitability with an adjusted gross margin of about 38%.
The J. M. Smucker CompanyAway From Home sales rose 15%, Uncrustables reached $1B in sales, and Cafe Bustelo grew 39%
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