HIGHOutside partyCustomer
60%
top 10 customers
“10-K Item 1A: 'our top 10 customers, collectively, accounted for approximately 60 percent of consolidated net sales'”
SJM · Concentration risk · 10-K extracted
The J.M. Smucker (SJM) concentration risks
Updated
The most significant concentration The J.M. Smucker discloses is top 10 customers at 60%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: The J.M. Smucker’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 5 disclosed concentrations
HIGH4
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
KDP single-source liquid coffee and pods
“10-K Item 1A: 'KDP is our primary supplier of single-serve pods and the single-source supplier of liquid coffee for our Away From Home business.'”
HIGHOutside partySupplier
Graham Packaging
“10-K Item 1A: 'Graham Packaging Company, L.P. ... is the single-source supplier for packaging used in our Folgers coffee products'”
HIGHBuilt-inGeographic
New Orleans, Louisiana coffee production
“10-K Item 1A: 'substantially all of our coffee production takes place in New Orleans, Louisiana'”
MEDIUMOutside partyCustomer
34%
Walmart
“10-K Item 1A: 'Sales to Walmart Inc. and subsidiaries, including Sam’s Club, amounted to 34 percent of net sales in 2026.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18Smucker's exposures cluster in the customer base and the coffee supply chain. Its top 10 customers, collectively, accounted for approximately 60 percent of consolidated net sales, a high-share dependency, and Walmart alone, including Sam's Club, amounted to 34 percent of net sales in 2026, a medium-share exposure that sits inside that group. Retail bargaining power is therefore the central commercial risk. The supply side is also concentrated, and each item is high-share. KDP is the primary supplier of single-serve pods and the single-source supplier of liquid coffee for the Away From Home business. Graham Packaging Company, L.P. is the single-source supplier for packaging used in Folgers coffee products. Substantially all coffee production takes place in New Orleans, Louisiana, a structural geographic concentration. These items compound in the coffee franchise: a single-site production footprint relies on single-source inputs, and the output flows to a small set of retailers. The customer concentration is the more structural, persistent feature, while the supplier and single-site items are the idiosyncratic shocks most likely to move the verdict.
For the engine’s reasoning on SJM’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Packaged Foods
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| SJM● | The J.M. Smucker Company | 4 | 1 | 0 | 5 |
| CENT | Central Garden & Pet Company | 1 | 1 | 2 | 4 |
| CENTA | Central Garden & Pet Company | 1 | 1 | 2 | 4 |
| CPB | The Campbell's Company | 1 | 1 | 1 | 3 |
| CAG | ConAgra Brands, Inc. | 0 | 1 | 0 | 1 |
| BRBR | BellRing Brands, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.