HIGHBuilt-inGeographic
96%
United States
“10-K Item 1: 'the majority of our sales are in the United States ... Net sales outside the U.S., subject to foreign currency translation, represented 4 percent of consolidated net sales for 2025.'”
SJM · Concentration risk · 10-K extracted
The J.M. Smucker (SJM) concentration risks
Updated
The most significant concentration The J.M. Smucker discloses is United States at 96%, 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.
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Source: The J.M. Smucker’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 8 disclosed concentrations
HIGH7
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 partyCustomer
60%
top 10 customers
“10-K Item 1: 'During 2025, our top 10 customers, collectively, accounted for approximately 60 percent of consolidated net sales.'”
HIGHBuilt-inGeographic
New Orleans, Louisiana coffee production
“10-K Item 1A: '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'”
HIGHOutside partySupplier
Keurig
“10-K Item 1A: 'Keurig is our single-source supplier for K-Cup® pods, which are used in its proprietary Keurig® K-Cup® brewing system.'”
HIGHOutside partySupplier
JDE Peet's
“10-K Item 1A: 'JDE Peet's N.V. (“JDE Peet's”) is our single-source supplier for liquid coffee for our Away From Home business'”
HIGHOutside partySupplier
Graham Packaging
“10-K Item 1A: 'Graham Packaging Company, L.P. (“Graham Packaging”) is our single-source supplier for the packaging of our Folgers coffee products.'”
HIGHBuilt-inCommodity
green coffee
“10-K Item 1: 'Green coffee, along with certain other raw materials, is sourced solely from foreign countries, and its supply and price is subject to high volatility'”
MEDIUMOutside partyCustomer
33%
Walmart
“10-K Item 1: 'Sales to Walmart Inc. and subsidiaries amounted to 33 percent of net sales in both 2025 and 2024'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-08-30J.M. Smucker's concentration profile is broad and almost entirely disclosed at high-share levels. Geographically, approximately 96% of net sales are domestic, a high-share reliance on the U.S. market, and production is further concentrated: substantially all coffee production takes place in New Orleans, Louisiana, a high-share single-site exposure to hurricane and weather risk. On the customer side, the top 10 customers account for roughly 60% of consolidated net sales, also high-share, while Walmart alone represents 33%, a medium-share concentration below that broader top-10 group. The supply chain adds three separate single-source dependencies, each disclosed as high-share: Keurig for K-Cup pods, JDE Peet's for liquid coffee in the Away From Home business, and Graham Packaging for Folgers packaging. Green coffee itself is sourced entirely from foreign countries and is a high-share exposure to price volatility. Taken together, these exposures compound rather than diversify: a U.S.-specific or New Orleans-specific shock would hit the same concentrated customer base, and any of the three single-source suppliers failing would disrupt production regardless of which customer or geography absorbed the impact. Walmart's medium-share position is comparatively the most contained exposure in an otherwise densely concentrated picture.
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 | 7 | 1 | 0 | 8 |
| 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.