J M Smucker (SJM) Gross Margin (2009 - 2026)
J M Smucker (SJM) reported Gross Margin of 44.14% for fiscal Q1 2027 (quarter ended Jul 31, 2026), up 21.68 percentage points from 22.46% a year earlier and up 6.13 percentage points from the prior quarter.
J M Smucker (SJM) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jul 31, 2026, J M Smucker's Gross Margin came in at 38.65%, up 3.51 percentage points year-over-year; for FY2026 (ended Apr 30, 2026), it was 33.53%, down 5.26 percentage points from FY2025.
- Gross Margin has a five-year change of -5.69 percentage points (FY2021 to FY2026).
- By fiscal year, Gross Margin came in at 38.79% in FY2025 (+0.70 pp), 38.09% in FY2024 (+5.24 pp), 32.85% in FY2023 (-0.91 pp) and 33.76% in FY2022 (-5.46 pp).
- The fiscal Q1 2027 figure ranks as the highest quarterly Gross Margin in data going back to fiscal Q1 2010.
- Year over year, Gross Margin gained in three of the last eight quarters, with an average year-over-year change of +0.21 percentage points.
- The high point for year-over-year Gross Margin in five years was fiscal Q1 2027 (a gain of 21.68 percentage points); the low point was fiscal Q1 2026 (a drop of 15.05 percentage points).
- Per Business Quant data, the three fiscal quarters before Q1 2027 came in at 38.01% (Q4 2026), 35.39% (Q3 2026) and 37.33% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 133.59 Bn | 108.95 Bn | - | - |
| 2 | Mondelez International | 75.71 Bn | 69.03 Bn | 3.99 Bn | 42.61% |
| 3 | Hershey | 32.64 Bn | 28.88 Bn | 1.26 Bn | 45.32% |
| 4 | Kraft Heinz | 27.82 Bn | 14.35 Bn | 2.03 Bn | 32.39% |
| 5 | General Mills | 18.09 Bn | 15.75 Bn | 1.49 Bn | 33.88% |
| 6 | Mccormick | 13.03 Bn | 12.90 Bn | 778.20 Mn | 40.18% |
| 7 | J M Smucker | 12.89 Bn | 12.68 Bn | 979.60 Mn | 44.14% |
| 8 | Hormel Foods | 10.92 Bn | 7.61 Bn | 471.52 Mn | 15.92% |
| 9 | Chewy | 7.33 Bn | 4.62 Bn | 1.01 Bn | 30.36% |
| 10 | Conagra Brands | 6.75 Bn | 5.73 Bn | 704.10 Mn | 24.43% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 44.14% |
| Apr 30, 2026 | 38.01% |
| Jan 31, 2026 | 35.39% |
| Oct 31, 2025 | 37.33% |
| Jul 31, 2025 | 22.46% |
| Apr 30, 2025 | 38.40% |
| Jan 31, 2025 | 40.17% |
| Oct 31, 2024 | 39.01% |
| Jul 31, 2024 | 37.51% |
| Apr 30, 2024 | 41.41% |
| Jan 31, 2024 | 36.92% |
| Oct 31, 2023 | 37.36% |
| Jul 31, 2023 | 36.27% |
| Apr 30, 2023 | 35.46% |
| Jan 31, 2023 | 34.10% |
| Oct 31, 2022 | 31.79% |
| Jul 31, 2022 | 29.50% |
| Apr 30, 2022 | 32.78% |
| Jan 31, 2022 | 33.21% |
| Oct 31, 2021 | 34.71% |
J M Smucker Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=SJM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "SJM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=SJM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();