JM Smucker reported adjusted first-quarter earnings per share of $3.24, exceeding analyst expectations by $1.03, while revenue totaled $2.2 billion, surpassing the $2.12 billion consensus estimate.
The company, known for brands such as Folgers and Jif, raised its fiscal 2027 earnings guidance to a range of $10.50 to $11.00 per share, up from the prior consensus of $10.05. The updated outlook reflects confidence in sustained demand for its coffee and consumer goods portfolio amid shifting market conditions.
Shares of JM Smucker closed at $125.45, down $0.42, or 0.33%, following the earnings release. The stock has gained 21.56% over the past three months and 18.72% over the last 12 months, according to InvestingPro data.
Over the past 90 days, earnings per share estimates have seen six upward revisions and four downward adjustments, indicating a mixed but generally positive analyst sentiment toward the company’s outlook.
