TLDR
- J.M. Smucker posted adjusted EPS of $3.24 for Q1 FY2027, well above the $2.22 Wall Street estimate
- Net sales grew 5% to $2.22 billion, beating the $2.13 billion consensus
- Results included an 84-cent per share benefit from tariff refunds
- U.S. retail coffee net sales jumped 13% to $807.8 million, driving overall growth
- Full-year adjusted EPS guidance raised to $10.50-$11.00, up from $9.75-$10.25
J.M. Smucker (SJM) stock rose about 4% in premarket trading on Wednesday, hitting $129.98, after the company topped quarterly earnings expectations and lifted its full-year profit outlook.
The J. M. Smucker Company, SJM
The results were driven largely by strong coffee sales and a one-time boost from tariff refunds.
For its fiscal first quarter ended July 31, Smucker posted adjusted EPS of $3.24, up from $1.90 a year ago and well ahead of the $2.22 analyst estimate. Net sales came in at $2.22 billion, a 5% increase year over year and above the $2.13 billion consensus.
J.M. SMUCKER $SJM Q1’27 EARNINGS HIGHLIGHTS
🔹 Revenue: $2.2B (Est. $2.13B) 🟢; +5% YoY
🔹 Adj. EPS: $3.24 (Est. $2.22) 🟢; +71% YoY
🔹 Free Cash Flow: $337.3M (Est. $115M) 🟢
🔹 Gross Profit: $979.6M; +106% YoYRaises FY27 Guide:
🔹 Adj. EPS: $10.50-$11.00 (Est. $10.05) 🟡
🔹… pic.twitter.com/hms7kiumsA— Wall St Engine (@wallstengine) August 26, 2026
Included in those adjusted earnings was an 84-cent per share benefit from tariff refunds received during the quarter. The company’s gross profit for the period hit $504.9 million, which included $115 million in tariff-related refunds.
Coffee Drives the Numbers
U.S. retail coffee net sales grew 13% to $807.8 million in the quarter. Smucker said the net sales growth was primarily driven by higher net pricing for coffee.
Budget-conscious consumers, pressured by elevated inflation, have been eating at home more rather than dining out. That trend has lifted demand for staples like coffee and jams, two of Smucker’s core categories.
Easing coffee commodity prices, which had surged due to higher green coffee costs and tariffs in recent years, also pushed Smucker to adjust its pricing strategy.
Outlook Raised
Smucker now expects fiscal 2027 net sales to decline 1% to 2%, a notable improvement from its prior forecast of a 3% to 4% decline.
Full-year adjusted EPS guidance was raised to a range of $10.50 to $11.00, compared with the prior forecast of $9.75 to $10.25. Wall Street had been expecting $10.07 per share for the fiscal year.
That guidance raise, combined with the earnings beat, was enough to send the stock higher ahead of Wednesday’s open.
SJM ended Tuesday down 0.3%, but has gained 5.2% this month and is up 28% year to date as of Tuesday’s close.
The quarter’s results reflect steady consumer demand for Smucker’s ready-to-eat meals and coffee products, even as the broader packaged food space has faced pressure.
The company’s Folgers and Dunkin’ branded coffee lines sit at the heart of the business, and this quarter made clear that pricing power in that segment remains intact.
Smucker’s raised annual sales guidance now calls for only a modest decline, compared to the steeper drop it had previously warned investors about.
Wall Street’s full-year EPS estimate of $10.07 now sits below the low end of Smucker’s own guidance range of $10.50 to $11.00.
SJM stock has been one of the stronger performers in the packaged food space this year, up 28% year to date heading into Wednesday’s session.
Stop guessing and start investing with confidence. KnockoutStocks gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions — all in one powerful platform.
Sign up today and get 50% OFF full access to our premium stock picks.
Simply use coupon code SPECIAL50 at checkout to claim your exclusive discount.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
