Shares of J. M. Smucker jumped 4.5% in afternoon trading after the company reported second-quarter earnings and sales that beat Wall Street estimates and raised its full-year profit forecast. The packaged foods company posted net sales of $2.22 billion, up 5% year over year, topping the consensus estimate of $2.13 billion, driven by net price increases and a 1% rise in volumes for key brands like Uncrustables and Café Bustelo. Adjusted earnings came in at $3.24 per share, easily surpassing the expected $2.22, helped by $115 million in tariff refunds, while free cash flow rebounded to $337.3 million from negative $94.9 million a year earlier. The company now expects annual net sales to decline 1% to 2%, an improvement from its prior forecast of a 3% to 4% drop, and raised its full-year adjusted earnings guidance to between $10.50 and $11.00 per share, up from the previous range of $9.75 to $10.25. The stock closed at $130.81, up 4.3%, marking a new 52-week high.
The J. M. Smucker CompanyStrong earnings and raised guidance beat estimates, driving shares up.
