J M SMUCKER Business Summary

The J. M. Smucker Company (SJM) operates a diversified consumer packaged goods model, generating revenue through the manufacturing and marketing of branded food and beverage products across retail, foodservice, and e-commerce channels, with Walmart accounting for approximately 30% of net sales. The company’s operations are organized into five primary segments: U.S. Retail Coffee (featuring Folgers and Café Bustelo), U.S. Retail Frozen Handheld and Spreads (anchored by Uncrustables and Jif), U.S. Retail Pet Foods (Milk-Bone, Meow Mix), U.S. Retail Sweet Baked Snacks (Hostess), and International and Away From Home. SJM maintains a dominant market position in the at-home coffee and spreads categories, competing directly with global giants such as Nestlé, The Kraft Heinz Company, General Mills, and Campbell’s by leveraging high brand equity and strategic acquisitions to pivot toward high-growth snacking and pet categories. Leadership is currently spearheaded by Mark Smucker, who serves as CEO, President, and Chair of the Board; he is a fifth-generation family leader with a background in international management from the Thunderbird School and prior advertising experience at Leo Burnett. In February 2026, the company executed a significant leadership restructuring, eliminating the COO role and promoting Tucker Marshall to CFO and Executive Vice President of Frozen Handheld, Spreads, and Sweet Baked Snacks. Marshall, a Kellogg MBA and former investment banker at ABN AMRO, now oversees expanded strategic and sales functions. Rob Ferguson, previously of Booz Allen Hamilton and PwC, was elevated to Chief Product Supply Officer and EVP of Coffee, Pet, and Away From Home, while Jill Penrose was named Chief People and Administrative Officer. The company’s board includes notable industry veterans such as Susan Chapman-Hughes (formerly of American Express), Mercedes Abramo (Ralph Lauren), and Tarang Amin (e.l.f. Beauty).