J.M. Smucker rises on Q3 results beat, board appointments after deal with Elliott

The J. M. Smucker

26/02/2026 13:21

Corrects profit estimate in fourth bullet to say $2.27, not $2.38

** Shares of Uncrustables maker J.M. Smucker SJM.N up 6.7% at $113.76 premarket

** Co reports better-than-expected quarterly results, boosted by higher net pricing for coffee and Uncrustables sandwiches

 ** Says has
appointed
 Woo-Sung Chung and David Singer to its board, after reaching a "constructive engagement" with investor Elliott Investment Management, saying it had entered into an information-sharing agreement with Elliott to help drive "sustainable value" for all shareholders

** Co's Q3 sales rise 7% to $2.34 billion from a year ago, narrowly topping estimates of $2.32 billion, adjusted EPS of $2.38 beat estimates of $2.27 - data compiled by LSEG

** Co now sees fiscal 2026 net sales rising between 3.5% and 4.0%, compared with previous growth forecast of 3.5% to 4.5%, due to estimated impact of fire at its Emporia, Kansas manufacturing facility in February

** Maintains annual adjusted EPS forecast of $8.75 to $9.25

** SJM fell 11.2% in 2025

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))