J.M. Smucker Shares Jump on Upbeat Profit Forecast
The packaged food maker expects fiscal 2027 adjusted earnings to reach up to $10.25 per share as coffee costs ease and demand for Hostess products remains resilient. While net sales may decline due to lower prices, the company anticipates gross margins will expand to roughly 38 percent.
Insights:
J.M. Smucker forecast fiscal 2027 profit between $9.75 and $10.25 per share, sending its stock up 12% on June 9 morning. The midpoint exceeds the $9.79 per share average analyst estimate compiled by LSEG. Lower coffee costs and resilient demand for home-office staples are offsetting a projected 3% to 4% sales decline.
