SJM · 10-K filed 9 Jun 2026 · year to 30 Apr 2026

J.M. Smucker

25 named things its latest annual report says its results depend on, each in the company's own words. 13 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Walmart Inc. (including Sam's Club)

earns from · 34 percent of net sales in 2026named as a risk

Sales to Walmart Inc. and subsidiaries, including Sam’s Club, amounted to 34 percent of net sales in 2026.Risk factors (Item 1A)

Also named by CAG, CALM, CHD, CL, CPB, GIS, HAS, HRL and 9 more

Suppliers

Keurig Dr Pepper (KDP)

depends onnamed as a risk

KDP is our primary supplier of single-serve pods and the single-source supplier of liquid coffee for our Away From Home business.Risk factors (Item 1A)

Also named by CCK

Graham Packaging Company, L.P.

depends onnamed as a risk

In addition, Graham Packaging Company, L.P. (“Graham Packaging”) is the single-source supplier for packaging used in our Folgers coffee products and primary supplier for packaging used in our Jif peanut butter products.Risk factors (Item 1A)

Partners and platforms

Dunkin' Licenses (DD IP Holder LLC)

depends onnamed as a risk

In addition, certain of our intellectual property rights, including the Dunkin’ trademarks, are owned by third parties and licensed to us.Risk factors (Item 1A)

Oracle Cloud Solutions

depends onnamed as a risk

We are in the process of a multi-year implementation of a new ERP system through the use of Oracle Cloud Solutions.Risk factors (Item 1A)

Other companies

Collective bargaining agreements

21 percent of our full-time employeesnamed as a risk

As of April 30, 2026, 21 percent of our full-time employees, located at eight manufacturing locations, are covered by collective bargaining agreements.Risk factors (Item 1A)

Also named by APG, BALL, CAG, CARR, HLT, HSY, IEX, KR and 10 more

Hostess Brands

$961.7named as a risk

As a result of the interim test, we recognized total pre-tax impairment charges of $961.7 during the third quarter of 2026, of which $507.5 and $454.2 related to the goodwill of the Sweet Baked Snacks reporting unit and the Hostess brand indefinite-lived trademark, respectively.Risk factors (Item 1A)

Pup-Peroni

named as a risk

The estimated fair value exceeded the carrying value by greater than 10 percent for all of our reporting units and indefinite-lived intangible assets, with the exception of the Pup-Peroni brand within the U.S. Retail Pet Foods reportable segment, which is susceptible to future impairment charges if there is any significant adverse changes in our near- or long-term projections for the brand or macroeconomic conditions.Risk factors (Item 1A)

Competitors

Private label brands

competes with · 14.0 dollar average market sharenamed as a risk

For the U.S. Retail and Sweet Baked Snacks reportable segments, private label held a 14.0 dollar average market share during the 52 weeks ended April 19, 2026, for the categories in which we compete, as compared to a 13.7 dollar average market share during the same period in the prior year.Business (Item 1)

Also named by DDS, FAST

Nestlé S.A.

competes with

Single serve coffee Dunkin’, Folgers, and Café Bustelo Starbucks and Nespresso Nestlé S.A.Business (Item 1)

Also named by GIS, SBUX

Places

New Orleans, Louisiana

concentrated in · substantially all of our coffee productionnamed as a risk

In particular, substantially all of our coffee production takes place in New Orleans, Louisiana and is subject to risks associated with hurricane and other weather-related events, and some of our production facilities are located in places where tornadoes or wildfires can frequently occur, such as Alabama, Kansas, Arkansas, and California.Risk factors (Item 1A)

Canada

earns from · 4 percent of consolidated net sales

Net sales outside the U.S., subject to foreign currency translation, represented 4 percent of consolidated net sales for 2026.Business (Item 1)

Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more

Brazil

depends onnamed as a risk

For example, during 2025, we experienced extreme drought impact, which substantially reduced green coffee production in Brazil.Risk factors (Item 1A)

Also named by ADM, ASO, AZO, BALL, CPAY, CPRT, CTVA, DE and 32 more

Decatur, Alabama

operates innamed as a risk

Specifically, in January 2024, a snow and ice storm in the south caused our cat food plant in Decatur, Alabama to be temporarily shut down.Risk factors (Item 1A)

Single manufacturing sites (coffee, Milk-Bone, fruit spreads)

concentrated innamed as a risk

We have consolidated our production capacity for certain products into single manufacturing sites, including substantially all of our coffee, Milk-Bone dog snacks, and fruit spreads.Risk factors (Item 1A)

Hazards

Hurricanes

concentrated innamed as a risk

Also named by AIG, AN, ASO, BAC, BBY, BJ, BPOP, BRO and 89 more

Tornadoes and wildfires

operates innamed as a risk

Commodities and inputs

Green coffee

exposed to its pricenamed as a risk

Due to the significance of green coffee to our coffee business, combined with our ability to only partially mitigate future price risk through purchasing practices and hedging activities, significant increases in the cost of green coffee could have an adverse impact on our profitability, as compared to that of our competitors.Risk factors (Item 1A)

Also named by KDP

Peanuts

exposed to its pricenamed as a risk

We and our business partners purchase and use large quantities of many different commodities and agricultural products in the manufacturing of our products, including green coffee, peanuts, flour, sugar, oils, fats, fruit, and other ingredients.Risk factors (Item 1A)

Also named by HSY

Corn and soy (biofuels competition)

exposed to its pricenamed as a risk

We also compete for certain raw materials, notably corn and soy-based agricultural products, with the biofuels industry, which has resulted in increased prices for these raw materials.Risk factors (Item 1A)

Natural gas and fuel oil

exposed to its pricenamed as a risk

In addition, we and our business partners utilize significant quantities of plastic, glass, metal cans, caps, carton board, and corrugate to package our products and natural gas and fuel oil to manufacture, package, and distribute our products.Risk factors (Item 1A)

Regulators

U.S. Food and Drug Administration (FDA)

subject to

Our operations are subject to various regulations and laws administered by federal, state, and local government agencies in the U.S., including the U.S. Food and Drug Administration (the “FDA”), U.S. Federal Trade Commission, U.S. Departments of Agriculture, Commerce, and Labor, and U.S. Environmental Protection Agency.Business (Item 1)

Also named by A, ABBV, ABT, AMGN, ARE, ARWR, ATR, AXGN and 112 more

Laws and programs

Supplier financing program

depends on · $325.1named as a risk

As of April 30, 2026 and 2025, $325.1 and $340.4 of our outstanding payment obligations, respectively, were elected and sold to a financial institution by participating suppliers.Risk factors (Item 1A)

U.S. tariffs

subject tonamed as a risk

The imposition, modification, or reinstatement of such tariffs, inclusive of the impact of potential tariff refunds, and retaliatory measures could have a significant adverse impact on our results of operations, financial position, or cash flows, depending on their timing, degree, and magnitude.Risk factors (Item 1A)

Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more

Food Safety Modernization Act

subject to

In the U.S., we are required to comply with federal laws, such as the Federal Food, Drug, and Cosmetic Act, the Food Safety Modernization Act, the Occupational Safety and Health Act, the Clean Air Act, the Clean Water Act, the Resource Conservation and Recovery Act, the Tariff Act, laws governing equal employment opportunity, and various other federal statutes and regulations.Risk factors (Item 1A)

Also named by CHD, CVLG, HTLD, MKC, SYY, TXRH, USFD