The J.M. Smucker Co. (NYSE:SJM) stock traded higher Wednesday after the company reported better-than-expected fiscal first-quarter 2027 results and raised its full-year outlook.
Earnings Snapshot
J.M. Smucker’s adjusted earnings rose 71% to $3.24 per share, beating the $2.22 consensus estimate. The results included an 84-cent benefit from tariff refunds.
Sales rose 5% year over year to $2.22 billion, topping the $2.13 billion estimate. Higher coffee prices contributed 4 percentage points to growth, while volume and product mix added 1 percentage point.
Stronger Uncrustables sandwich and coffee volumes offset weaker demand for sweet baked goods and peanut butter.
