J M Smucker (SJM) Operating Expenses (2009 - 2026)
J M Smucker's (SJM) quarterly Operating Expenses came in at $411.1 million in Q3 2026, up 7.22% on a YoY basis from $383.4 million in Q3 2025, and up 13.47% quarter-over-quarter from $362.3 million in Q2 2026.
Analysis
J M Smucker (SJM) Operating Expenses (2009 - 2026) Analysis & Trends
J M Smucker (SJM) has reported Operating Expenses for 18 consecutive years, with $411.1 million the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Operating Expenses rose 7.22% year-over-year to $411.1 million; the trailing twelve-month figure through Jul 2026 stood at $1.5 billion (changed 0.36% YoY), and the FY2026 full-year result was $1.5 billion, down 3.01% from the prior year.
- Operating Expenses improved to $411.1 million in Q3 2026 per SJM's latest filing, from $362.3 million in the prior quarter.
- Across five years, Operating Expenses topped out at $473.1 million in Q1 2024 and bottomed at $313.6 million in Q3 2023.
- Historically, Operating Expenses has averaged $380.2 million across 5 years, with a median of $378.0 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses rose 26.66% in 2024, then declined 20.16% in 2025.
- Over 5 years, Operating Expenses stood at $355.0 million in 2022, then declined by 4.14% to $340.3 million in 2023, then rose by 17.95% to $401.4 million in 2024, then grew by 0.6% to $403.8 million in 2025, then grew by 1.81% to $411.1 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $411.1 million, $362.3 million, and $368.2 million for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 29.01 Bn | 26.33 Bn | 2.03 Bn | 8.46 Bn |
| 2 | General Mills | 19.40 Bn | 18.95 Bn | 1.60 Bn | 3.70 Bn |
| 3 | Mccormick | 13.76 Bn | 13.43 Bn | 778.20 Mn | 441.80 Mn |
| 4 | J M Smucker | 13.05 Bn | 13.00 Bn | 979.60 Mn | 411.10 Mn |
| 5 | Hormel Foods | 11.44 Bn | 10.57 Bn | 471.52 Mn | 323.50 Mn |
| 6 | Chewy | 8.81 Bn | 8.29 Bn | 1.01 Bn | 882.90 Mn |
| 7 | Conagra Brands | 7.07 Bn | 6.85 Bn | 704.10 Mn | 401.10 Mn |
| 8 | Lamb Weston Holdings | 6.60 Bn | 6.53 Bn | 361.40 Mn | 192.60 Mn |
| 9 | Campbell'S | 6.25 Bn | 5.85 Bn | 650.00 Mn | 2.13 Bn |
| 10 | Post Holdings | 3.62 Bn | 3.35 Bn | 566.30 Mn | 326.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 411.10 Mn |
| Apr 30, 2026 | 362.30 Mn |
| Jan 31, 2026 | 368.20 Mn |
| Oct 31, 2025 | 403.80 Mn |
| Jul 31, 2025 | 383.40 Mn |
| Apr 30, 2025 | 388.50 Mn |
| Jan 31, 2025 | 377.70 Mn |
| Oct 31, 2024 | 401.40 Mn |
| Jul 31, 2024 | 397.20 Mn |
| Apr 30, 2024 | 449.40 Mn |
| Jan 31, 2024 | 473.10 Mn |
| Oct 31, 2023 | 340.30 Mn |
| Jul 31, 2023 | 313.60 Mn |
| Apr 30, 2023 | 378.00 Mn |
| Jan 31, 2023 | 381.50 Mn |
| Oct 31, 2022 | 355.00 Mn |
| Jul 31, 2022 | 345.20 Mn |
| Apr 30, 2022 | 355.50 Mn |
| Jan 31, 2022 | 338.00 Mn |
| Oct 31, 2021 | 349.00 Mn |