Smucker Narrows Sales Decline Forecast, Lifts FY27 EPS View to $10.50-$11
SJM sits 42% above its 52-week low of $88.25.
Summary
Smucker raised its full-year adjusted EPS guidance to $10.50-$11.00 from $9.75-$10.25 and narrowed its expected annual sales decline to 1-2% from 3-4%, citing steady demand for coffee and ready-to-eat meals. Q1 adjusted EPS of $3.24 (excluding $115M tariff refunds) beat the $2.22 consensus, and net sales of $2.22B topped the $2.13B estimate. The company also reported gross profit of $504.9M, including the tariff refunds. This follows the earlier Q1 report that highlighted the 71% EPS surge and tariff refunds, but today's headline adds the improved sales outlook and higher profit forecast. The stock rose about 4% premarket, reflecting the stronger-than-expected guidance.
At the time of this announcement, SJM was trading at $125.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $13.4B. The 52-week trading range was $88.25 to $127.65. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.