SJM

AI Research

Q3 FY2026 EPS beats at $2.38; Bernstein upgrades to $145 on lower coffee costs + activist

J.M. Smucker reported Q3 FY2026 EPS of $2.38, beating estimates of $2.26 by 5.31%, with net sales up 7% though adjusted EPS declined 9% YoY. Bernstein upgraded to a $145 target citing lower coffee costs and activist involvement from Elliott Investment Management, while Barclays raised its target to $125. The company added two Elliott-nominated board members and updated full-year FY2026 guidance to net sales growth of 3.5%-4.0% with adjusted EPS of $8.75-$9.25.

Related News