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JM Smucker Stock Jumps as Jam Maker Beats Profit Estimates and Boosts Its Outlook
Key Takeaways
J.M. Smucker ( SJM ) shares gained Tuesday after the food company beat profit forecasts and raised its outlook on booming sales of its frozen foods and higher coffee prices.
The owner of its namesake jellies, Folgers coffee, and Milk Bone dog biscuits reported adjusted earnings per share (EPS) of $2.76 for the fiscal second quarter of 2025, above analysts' projections. Revenue rose 17% year-over-year to $2.27 billion, in line with estimates.
Strong Sales of Uncrustables, Meow Mix, and Jif Products Boost Results
The company said strong sales of its Uncrustables frozen crustless sandwiches, Meow Mix cat food, Cafe Bustelo coffee, and Jif peanut butter helped drive the results.
Revenue from the company's U.S. Retail Frozen Handheld and Spreads unit jumped 5%, and it was up 3% for the U.S. Retail Coffee group. Pet food and international food away from home revenues declined.
CEO Mark Smucker said the company would be focusing on its strategic priorities, “including the integration of Hostess Brands,” adding that the company is “taking decisive actions” to grow Hostess, which it acquired a year ago.
J.M. Smucker said it now expects full-year EPS to be in the range of $9.70 to $10.10, up from its earlier outlook of $9.60 to $10.
Shares of J.M. Smucker were up over 5% in intraday trading Tuesday, though even with Tuesday's advance, shares remained in negative territory for the year.
