J. M. Smucker reported a stronger fiscal first quarter, with net sales up 5% to $2.22 billion and adjusted diluted EPS up 71% to $3.24, prompting a raise in its full-year outlook. Pricing, mainly for coffee, drove four percentage points of sales growth, while volume/mix added just one point. The EPS figure included an $0.84-per-share benefit from about $115 million in tariff refunds; excluding that, adjusted EPS was approximately $2.40 versus $1.90 a year earlier. Volume/mix improved in four of five segments, with U.S. Retail Coffee sales up 13%, but Sweet Baked Snacks sales fell 7% on an eight-point volume/mix decline. Free cash flow recovered to $337.3 million from negative $94.9 million, and fiscal 2027 free-cash-flow guidance was raised to about $1.1 billion from $1.0 billion. The company still expects fiscal 2027 sales to decline 1% to 2%, with adjusted EPS guidance of $10.50 to $11.00 including a $0.60 net benefit from tariff refunds.
The J. M. Smucker CompanyAdjusted EPS rose 71% to $3.24, aided by $115M in tariff refunds, and fiscal 2027 free-cash-flow guidance was raised.
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