JM Smucker Stock Rises After Beating Earnings Estimates and Raising Annual Profit Forecast

The company credits strong sales of Uncrustables, coffee, and pet food brands, alongside Hostess integration, for its improved performance.

JM Smucker reported adjusted earnings per share of $2.76 for Q2 FY25, surpassing analysts' expectations of $2.51.
Quarterly revenue rose 17% year-over-year to $2.27 billion, driven by strong sales of Uncrustables, Meow Mix, Café Bustelo, and Jif brands.
The company's U.S. Retail Coffee segment saw a 3% sales increase, while frozen handheld and spreads grew 5%; pet food sales declined by 4%.
JM Smucker raised its full-year EPS forecast to $9.70-$10.10, up from its previous range of $9.60-$10.00, citing resilient consumer demand and price adjustments.
CEO Mark Smucker emphasized the company's focus on integrating Hostess Brands, acquired last year, to drive future growth.