J.M. Smucker sees smaller-than-expected annual sales decline, shares rise

The J. M. Smucker

26/08/2026 13:21

** Shares of Folgers coffee maker J.M. Smucker SJM.N up about 4% at $130 premarket
** Co forecasts smaller-than-expected annual sales decline, benefitting from steady demand for its ready-to-eat meals and coffee 
** SJM expects annual net sales to decrease by 1% to 2% vs prior forecast of a 3% to 4% decline
** Co raises annual EPS forecast to between $10.50 and $11 vs prior expectation of $9.75 to $10.25, aided by tariff related refunds
** Posts quarterly gross profit of $504.9 million, which included tariff refunds of $115.0 million
** Reports Q1 net sales of $2.22 billion, beating analysts' average estimate of $2.13 billion - data compiled by LSEG
** Excluding tariff refunds, co logs adjusted EPS of $3.24, slightly surpassing estimates of $2.22
** As of last close, SJM up 28% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)
 ((Sanskriti.Shekhar@thomsonreuters.com))