J.M. Smucker Co. (NYSE: SJM) shares slid more than 3% on Tuesday after the company reported fiscal second-quarter results that met profit expectations but fell short on revenue amid continued pressures from higher commodity costs and tariffs.
Adjusted EPS was $2.10, matching Wall Street estimates. Revenue rose 3% to $2.3 billion, slightly below analyst expectations of $2.32 billion.
Comparable net sales increased 5%, driven by an 11-percentage-point benefit from higher pricing—particularly in coffee. However, this was partially offset by a 6-percentage-point decline in volume/mix across several categories.
Smucker narrowed its full-year fiscal 2026 outlook and now expects net sales growth of 3.5% to 4.5% and adjusted EPS of $8.75 to $9.25, compared with analyst expectations of $9.11.
