J. M. Smucker Stock News

Key Takeaways  The J.M. Smucker Co. portfolio features brands consumers love across coffee, pet, and snacking.

Smucker's Sweet Baked Snacks sales fell 7% from a year earlier in the latest quarter.

Raw coffee costs have eased from last year's highs, but remain historically elevated.

J M Smucker Co (NYSE:SJM) raised its full-year profit and sales forecasts on Wednesday after first-quarter results topped Wall Street estimates, sending shares of the packaged foods maker up 3.4%. The company posted adjusted earnings of $3.24 per share for its fiscal first quarter, far outpacing the $2.22 analysts had expected and marking a 71% jump from a year earlier.

The J.M. Smucker Co.'s fiscal 2027 first-quarter results “exceeded our expectations,” CEO Mark Smucker said. As a result, the parent of Jif peanut butter, Folgers coffee, and Milk-Bone dog treats lifted its full-year outlook, and investors are buying shares before the bell.

Folgers coffee maker J.M. Smucker on Wednesday forecast a smaller-than-expected decline in annual sales, ​benefitting from steady demand for its ready-to-eat meals ‌and coffee.

The owner of Jif peanut butter and Folgers coffee said it now expects net sales to decline 1% to 2% in its fiscal 2027, compared with a prior forecast for net sales to decline 3% to 4%.