Jif and Folgers maker J.M. Smucker Q1 sales beat on higher coffee pricing, raises FY27 adjusted EPS outlook

The J. M. Smucker

26/08/2026 12:13

Overview
U.S. food and pet products maker's fiscal Q1 revenue rose 5%, beating analyst expectations
Adjusted EPS for fiscal Q1 rose 71% to $3.24, beating analyst expectations, aided by tariff refunds
Company raised full-year outlook for net sales, adjusted EPS, and free cash flow

Outlook
Smucker now sees FY27 net sales declining 1.0% to 2.0% vs prior year
Company raises FY27 adj EPS guidance to $10.50-$11.00
Smucker increases FY27 free cash flow outlook to $1.1 bln

Result Drivers
TARIFF REFUNDS - Co said Q1 results were aided by $115 mln in tariff refunds, providing a $0.84 per share benefit to adjusted EPS
COFFEE PRICING - Higher net pricing for coffee drove net sales growth, with U.S. Retail Coffee segment sales up 13%
LOWER COSTS - Gross profit more than doubled, primarily reflecting lower costs and favorable derivative impacts

Company press release: ID:nPn4CBXM5a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$2.22 bln
$2.13 bln (12 Analysts)
Q1 Adjusted EPS
Beat
$3.24
$2.22 (14 Analysts)
Q1 EPS
 
$3.03
 
Q1 Net Income
 
$324.30 mln
 
Q1 Adjusted Operating Income
Beat
$540.70 mln
$390.12 mln (10 Analysts)
Q1 Operating Income
 
$511.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "hold."
Wall Street's median 12-month price target for The J. M. Smucker Company is $129.00, about 2.8% above its August 25 closing price of $125.45
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)