JM Smucker Lifts Annual Profit Forecast
JM Smucker projected a smaller annual sales decline driven by steady demand for coffee and meals. The company also raised its annual profit outlook following tariff refunds.
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JM SMUCKER CO raised its annual profit forecast and projected a smaller sales decline on Wednesday morning, driven by steady consumer demand for home-cooked meals and coffee. Shares rose 4% premarket following the announcement. The upbeat outlook stems from persistent inflation prompting budget-conscious shoppers to eat at home rather than dine out.
