J.M. Smucker reports better-than-expected quarterly earnings and raises its profit outlook as higher coffee prices bolster sales growth.
ORRVILLE, Ohio, Aug. 26, 2026 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced results for the first quarter ended July 31, 2026, of its 2027 fiscal year.
ORRVILLE, Ohio, July 17, 2026 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced its Board of Directors approved an increase in the quarterly dividend from $1.10 to $1.12 per common share, an increase of two percent.
Problems arose from the snack's 65-day shelf life as well as changing consumer habits
J M Smucker Co (NYSE:SJM) reported stronger-than-expected fourth-quarter results on Tuesday, with its coffee business leading a broad earnings beat that sent shares up roughly 12%. The Orrville, Ohio-based packaged food company posted net sales of $2.27 billion for the three months ended April 30, 2026, a 6% increase from the same period a year earlier and ahead of analyst estimates.
J.M. Smucker guided for sales to decline in the coming year as it leans away from price increases, looking instead to drive volume growth in key areas and improve profitability.