FINWIRES · TerminalLIVE
FINWIRES

$SJM

34 stories mentioning SJMUpdated 29d ago

Every FINWIRES story that references SJM, newest first.

Insider Trading

J M Smucker Insider Sold Shares Worth $583,475, According to a Recent SEC Filing

Jill R Penrose, Chief People Officer, on June 29, 2026, sold 5,000 shares in J M Smucker (SJM) for $583,475. Following the Form 4 filing with the SEC, Penrose has control over a total of 18,527 common shares of the company, with 15,795 shares held directly and 2,732 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/91419/000009141926000071/xslF345X05/wk-form4_1782852131.xml

$SJM
Insider Trading

J M Smucker Insider Sold Shares Worth $500,943, According to a Recent SEC Filing

Jeannette L Knudsen, Chief Legal Officer, on June 26, 2026, sold 4,353 shares in J M Smucker (SJM) for $500,943. Following the Form 4 filing with the SEC, Knudsen has control over a total of 22,034 common shares of the company, with 16,835 shares held directly and 5,199 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/91419/000009141926000069/xslF345X05/wk-form4_1782768569.xml

$SJM
Insider Trading

J M Smucker Insider Sold Shares Worth $403,112, According to a Recent SEC Filing

Tucker H Marshall, Chief Financial Officer, on June 24, 2026, sold 3,630 shares in J M Smucker (SJM) for $403,112. Following the Form 4 filing with the SEC, Marshall has control over a total of 40,225 common shares of the company, with 38,699 shares held directly and 1,526 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/91419/000009141926000068/xslF345X05/wk-form4_1782419537.xml

$SJM
Insider Trading

J M Smucker Insider Sold Shares Worth $1,496,430, According to a Recent SEC Filing

Mark T Smucker, Director, Chief Executive Officer, Chair of Board, on June 17, 2026, sold 13,000 shares in J M Smucker (SJM) for $1,496,430. Following the Form 4 filing with the SEC, Smucker has control over a total of 239,799 common shares of the company, with 82,009 shares held directly and 157,790 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/91419/000009141926000067/xslF345X05/wk-form4_1781833457.xml

$SJM
Wire

J.M. Smucker's EPS Outlook Offset by Weaker Sales Guidance, UBS Says

J.M. Smucker (SJM) may see a mixed investor reaction to its fiscal 2027 outlook, with UBS Securities saying stronger earnings guidance was offset by weaker-than-expected net sales guidance.The company projected fiscal 2027 adjusted EPS of $9.75 to $10.25, above consensus expectations, while forecasting a 3% to 4% decline in net sales, below both UBS estimates and Street forecasts, the brokerage said.UBS said in a note Tuesday that investors are likely to focus on how much conservatism is embedded in the company's net sales outlook, particularly as management expects a stronger first-quarter start with flat sales and mid-teens adjusted EPS growth.The investment firm said the quarter itself was solid, with stronger organic sales and lower SG&A offsetting slightly weaker gross margins, while noting that questions around the company's top-line outlook could drive a mixed near-term reaction.UBS has a buy rating and a $121 price target on the stock.Shares of J.M. Smucker were up 3.8% in Wednesday afternoon trading.Price: $116.68, Change: $+4.29, Percent Change: +3.82%

$SJM
J.M. Smucker's Cost Inflation Outlook 'Relatively Benign' Despite Iran War Headwinds, Morgan Stanley Says
US Markets

J.M. Smucker's Cost Inflation Outlook 'Relatively Benign' Despite Iran War Headwinds, Morgan Stanley Says

J.M. Smucker's (SJM) cost inflation outlook was "relatively benign" despite headwinds from the ongoing Middle East conflict, with the food producer confident of managing the pressure, Morgan Stanley said in note e-mailed Wednesday.On Tuesday, J.M. Smucker Chief Financial Officer Tucker Marshall said the Jif peanut butter maker expected cost inflation of low-single-digits for the year, excluding green coffee and tariffs.Morgan Stanley said it was "somewhat surprised by the relatively benign" cost outlook following the US-Israel war with Iran, compared with Campbell's (CPB) projection for a mid-single-digit percentage increase.The Iran war started at the end of February, disrupting energy shipments through the crucial Strait of Hormuz and leading to broad-based inflation concerns."While (the cost inflation outlook) could ultimately end up higher depending on the duration of the conflict, (J.M. Smucker's) management sounded confident in its ability to manage through the pressure," Morgan Stanley said in a note to clients. "We do not view it as a major issue given flexibility/conservatism elsewhere in the guide."The brokerage raised its price target on the J.M. Smucker stock to $110 from $106 while maintaining its equal-weight rating.The company's shares were up 3.4% in Wednesday afternoon trade, bringing its year-to-date gains to 19%."(J.M. Smucker) also framed the outlook as prudent several times, which appears particularly true on the topline, with (2027) sales guided down 3% to 4%, including (first-quarter roughly) flat, implying a steep deceleration post-(first quarter) as lower coffee prices flow through with very limited volume elasticity assumed," Morgan Stanley said.J.M. Smucker's margin visibility seems solid, mainly driven by the coffee segment, which is expected to benefit from the mechanical lap of tariffs and lower green coffee costs, despite headwinds related to lower prices and volume reduction, the brokerage said. Potential tariff refunds could also be another source of possible upside for the Folgers and Cafe Bustelo coffee brands owner, according to the note.Morgan Stanley raised its fiscal 2027 earnings estimate for J.M. Smucker to reflect its robust fourth-quarter results and lower-than-expected cost pressure.Price: $116.02, Change: $+3.63, Percent Change: +3.23%

$CPB$SJM
Wire

J.M. Smucker to Benefit From Green Coffee Price Deflation, RBC Says

J.M. Smucker's (SJM) profitability will benefit from deflation in green coffee prices, RBC Capital Markets said in a Wednesday note.With positive early indications for this year's coffee crop, the company has begun reducing prices through increased trade investments and is set to cut the list price in the sustained deflationary environment, RBC analysts said. They expect the falling coffee prices to negatively impact revenue but positively impact profit, with its Coffee division's profit margins returning to the high 20s.J.M. Smucker's posted better-than-expected fiscal Q4 organic sales growth and EPS, driven by its Sweet Baked Snacks division, which benefited from a faster-than-expected recovery from a fire in February at the company's manufacturing plant in Emporia, Kansas, according to the note.The company's stock price gains post-earnings show that its focus on organic growth and prudent guidance has pleased investors, the note said.RBC maintained the company's stock rating at outperform and raised the price target to $135 from $130.Price: $116.67, Change: $+4.28, Percent Change: +3.81%

$SJM
Wire

BNP Paribas Adjusts J.M. Smucker Price Target to $125 From $120, Maintains Outperform Rating

J.M. Smucker (SJM) has an average rating of overweight and mean price target of $123.33, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $115.54, Change: $+3.15, Percent Change: +2.80%

$SJM
Wire

J.M. Smucker Posts 'Solid' Q4 Results, Better Than Feared EPS Outlook, Morgan Stanley Says

J.M. Smucker (SJM) delivered "solid" fiscal Q4 organic sales growth and earnings, while issuing a fiscal 2027 earnings per share outlook that exceeded expectations, Morgan Stanley said in a note Wednesday.Smucker's guidance implies about 9% EPS growth at the midpoint for fiscal 2027, with Morgan Stanley noting the company's cost outlook was more favorable than expected following the Iran conflict.The investment bank noted that revenue guidance appears "conservative," with fiscal 2027 sales expected to decline 3% to 4%, while margins are expected to benefit from "lower green coffee costs" and easing tariff impacts, the report said, adding that potential "tariff refunds" could provide additional upside.Following the results, Morgan Stanley raised the company's fiscal 2027 EPS estimates by 3.2%. It raised the price target to $110 from $106, while maintaining an equal weight rating, citing a "balanced" risk-reward profile after the stock's recent gain.Shares of J.M. Smucker were up more than 3% in Wednesday trading.Price: $115.84, Change: $+3.45, Percent Change: +3.07%

$SJM
Wire

J.M. Smucker Stock Likely to Continue Outperforming Peers, BofA Securities Says

J.M. Smucker (SJM) stock is likely to continue outperforming center store food peers with potential upside from Hostess divestiture optionality, BofA Securities said in a Wednesday research report.BofA expects 2026, 2027, and 2028 EPS of $9.15, $10, and $10.70, respectively. Adjusted EPS is expected to grow mid-teens in Q1, accelerate further in Q2, decline to low-single-digit growth in Q3, and likely stay flat in Q4, with coffee remaining the primary driver, analysts wrote.The latest stock momentum could be attributed to the company's $10 EPS guidance at midpoint for fiscal 2027 and conservative Q1 guidance, according to the note.The company has a relatively robust balance sheet and cash generation record, supported by a capital allocation strategy that focuses on sustaining cash flow through reinvestment, modest dividend growth, and deleveraging, BofA stated.The brokerage said it reiterated its buy rating on the stock and boosted its price target to $132 from $130.Price: $116.05, Change: $+3.66, Percent Change: +3.25%

$SJM
Nasdaq Composite Falls to 5-Week Low Amid Tech Pullback
US Markets

Nasdaq Composite Falls to 5-Week Low Amid Tech Pullback

US equities fell Tuesday, with technology stocks pulling back following a jump in the previous session, sending the Nasdaq Composite to its lowest close in five weeks.The tech-heavy index shed 1% to 25,678.8, its lowest finish since May 5. The S&P 500 fell 0.3% to 7,386.7, while the Dow Jones Industrial Average rose 0.2% to 50,872.1 after a two-day decline.Barring tech and energy, all sectors were in the green, led by real estate.Salesforce (CRM) shares fell 3.9%, the worst performer on the Dow. The cloud-based customer relationship management platform provider implemented a fresh round of job cuts, Business Insider reported Tuesday.Apple (AAPL) dropped 3.6% and followed Salesforce on the Dow, while Cisco Systems (CSCO) declined 3.1%, the third worst performer on the index.Super Micro Computer (SMCI) slumped 7.6%, among the steepest declines on the S&P 500. Also under pressure were major tech names such as Microsoft (MSFT), IBM (IBM), Qualcomm (QCOM) and Dell Technologies (DELL).Outside tech, J.M. Smucker (SJM) reported better-than-expected fiscal fourth-quarter results, while the food producer's full-year earnings outlook came in above Wall Street's estimates at the midpoint. The stock jumped 10%, the best performer on the S&P 500.Boeing (BA) fell behind European rival Airbus in both aircraft deliveries and orders for May, even as the US planemaker's deliveries rose sequentially and annually. The stock fell 0.7%.US President Donald Trump said Tuesday that Iran shot down an American military helicopter over the Strait of Hormuz on Monday night. He said the two pilots were unharmed, but the US must "respond to this attack."Trump told reporters in New York on Monday that a diplomatic resolution to the Middle East conflict could be reached in "two or three days," CNBC reported. The crucial Strait of Hormuz, which remains effective shut, would reopen "immediately" after the deal, Trump reportedly said.Trump has made similar claims on a number of occasions in the past.West Texas Intermediate crude oil was down 3.1% at $88.46 a barrel in Tuesday late-afternoon trade, while Brent fell 2.7% to $91.72.The global crude market has already lost 1 billion barrels of supply since the Iran war began at the end of February, Rystad Energy said in a note."Cumulative losses have now reached 1 billion barrels and are on track to nearly double by year-end under our base case, which still assumes a narrow US-Iran deal in June and a phased reopening of the Strait of Hormuz from mid-July," Aditya Saraswat, Middle East and North Africa research director at Rystad, said in a note.US Treasury yields were lower, with the 10-year rate last down four basis points at 4.53%, and the two-year rate falling 3.1 basis points to 4.14%.In economic news, US existing home sales increased to the highest level since December in May, a move that is expected to bode well for the economy, the National Association of Realtors said Tuesday.The US trade deficit narrowed in April as export growth outpaced an increase in imports, government data showed Tuesday.Gold was down 1.9% at $4,282.40 per troy ounce, while silver shed 4.7% to $65.39 per ounce.

Nasdaq CompositeS&P 500$AAPL$CRM$CSCO$DELL$DJI$IBM$MSFT$QCOM$SJM$SMCI
International

US Equity Markets End Lower Amid Tech Stock Sell-Off

US equity indexes were lower on Tuesday amid a technology stocks sell-off and despite progress in US-Iran peace negotiations.* Technology and energy were standout decliners, down 1.8% and 1.6%, respectively. Marvell Technology (MRVL), Arm (ARM), Dell (DELL), and Qualcomm (QCOM) declined by at least 7% each, according to data compiled by Finviz.* A deal to end the war in the Middle East could be reached in "two to three days," with the Strait of Hormuz reopening "immediately" after the agreement is signed, President Donald Trump was cited as saying in a CNBC news report.* US existing home sales rose 3.2% sequentially to a seasonally adjusted annual rate of 4.17 million units last month.* July West Texas Intermediate crude oil fell $2.73 to settle at $88.57 per barrel, while August Brent crude, the global benchmark, was last seen down $2.41 at $91.87.* J.M. Smucker (SJM) shares rose roughly 10%, the top gainer on the S&P 500, after the company reported better-than-expected fiscal Q4 results on Tuesday, while the food producer's full-year earnings outlook came in above Wall Street's estimates at the midpoint.* Salesforce (CRM) shares were down 3.9%, the worst performer on the Dow. The cloud-based customer relationship management platform provider implemented a fresh round of job cuts, Business Insider reported Tuesday.

Dow JonesNasdaq CompositeS&P 500$ARM$CRM$DELL$MRVL$QCOM$SJM
Sectors

Sector Update: Consumer Stocks Higher Late Afternoon

Consumer stocks were rising late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) advancing 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.3%.In sector news, Redbook US same-store sales rose by 9.1% from a year earlier in the week ended June 6 after a 9.0% year-over-year increase in the previous week, with seasonal buying accounting for a smaller share of activity than in recent weeks.In corporate news, Stellantis (STLA) is recalling nearly 790,000 Jeep Wranglers and nearly 290,000 Jeep Gladiators due to issues with the Electric Hydraulic Power Steering Pump that, in some cases, can cause overheating of combustible materials leading to a fire, according to a National Highway Traffic Safety Administration recall report. Stellantis shares were down 0.3%.J.M. Smucker (SJM) reported better-than-expected fiscal Q4 results on Tuesday, while the food producer's full-year earnings outlook came in above Wall Street's estimates at the midpoint. Its shares jumped past 8%.United Natural Foods (UNFI) shares fell more than 11% after the company reported fiscal Q3 net sales below Wall Street's estimates on Tuesday. The food distributor also logged double-digit declines in conventional and retail sales.Academy Sports and Outdoors (ASO) raised its full-year outlook on Tuesday as fiscal Q1 earnings topped market estimates, but the company expects inflationary pressures to continue weighing on consumer spending for the rest of 2026. Its shares were down 2.4%.

$ASO$SJM$STLA$UNFI
Equities Markets Fall Intraday Amid Tech Sell-Off
US Markets

Equities Markets Fall Intraday Amid Tech Sell-Off

Wall Street's benchmark equity indexes fell intraday amid a sharp sell-off in technology stocks, as President Donald Trump vowed to "respond" to an Iranian attack on a US military helicopter over the Strait of Hormuz.The Nasdaq was down 2% at 25,425.1 after midday Tuesday, while the S&P 500 lost 1.1% to 7,328.9. The Dow Jones Industrial Average declined 0.2% to 50,678.7. Among sectors, tech saw the steepest drop, shedding 3.5%, while real estate paced the gainers.Salesforce (CRM) shares were down 4.7% intraday, the worst performer on the Dow. The cloud-based customer relationship management platform provider implemented a fresh round of job cuts, Business Insider reported Tuesday, citing people familiar with the matter and a regulatory notice.Cisco Systems (CSCO) dropped 4.3% and followed Salesforce on the Dow. Nvidia (NVDA) fell 2.1%. Super Micro Computer (SMCI) slid 10%, among the steepest declines on the S&P 500.Also under pressure were other major tech names such as Apple (AAPL), Microsoft (MSFT), IBM (IBM), Qualcomm (QCOM), Dell Technologies (DELL), and Advanced Micro Devices (AMD).Outside tech, J.M. Smucker (SJM) reported better-than-expected fiscal fourth-quarter results, while the food producer's full-year earnings outlook came in above Wall Street's estimates at the midpoint. The stock was up 9.7% intraday, the best performer on the S&P 500.Trump said Tuesday that Iran shot down a US Apache helicopter over the Strait of Hormuz on Monday night. He said the two pilots were unharmed.The US must "respond to this attack," he said in a social media post.Trump told reporters in New York on Monday that a diplomatic resolution to the Middle East conflict could be reached in "two or three days," CNBC reported. The crucial Strait of Hormuz, which remains effective shut, would reopen "immediately" after the deal, Trump reportedly said.Trump has made similar claims on a number of occasions in the past.West Texas Intermediate crude oil was down 3.7% at $87.94 a barrel intraday, while Brent fell 3% to $91.43."The continued lack of progress towards restoring normal energy flows from the Middle East reinforces expectations of a prolonged period of elevated oil prices," Saxo Bank said in a report on Tuesday.US Treasury yields were lower intraday, with the 10-year rate down 3.4 basis points at 4.53%, and the two-year rate falling 3.3 basis points to 4.13%.In economic news, US existing home sales increased to the highest level since December in May, a move that is expected to bode well for the economy, the National Association of Realtors said Tuesday.The US trade deficit narrowed in April as export growth outpaced an increase in imports, government data showed Tuesday.Gold was down 1.7% at $4,290.10 per troy ounce, while silver shed 4.6% to $65.38 per ounce.

Nasdaq CompositeS&P 500$AAPL$CRM$CSCO$DELL$DJI$IBM$MSFT$NVDA$QCOM$SJM$SMCI
Wire

Top Midday Gainers

Regentis Biomaterials (RGNT) said Monday it plans to begin European surgeon training activities in Q3 ahead of the commercial rollout of its GelrinC in knee cartilage repair.Shares soared over 130%, with more than 97.7 million shares traded intraday, compared with a daily average of about 27,000.J.M. Smucker (SJM) reported better-than-expected fiscal Q4 results on Tuesday, while the food producer's full-year earnings outlook came in above Wall Street's estimates at the midpoint.Shares climbed 9.6% following a rise in intraday trading volume to over 3.3 million from a daily average of about 1.9 million.Oil-Dri of America (ODC) reported a jump in fiscal Q3 earnings and revenue late Monday.Shares jumped 14%, with intraday trading volume rising to more than 166,000 from a daily average of about 67,000.Price: $2.99, Change: $+1.71, Percent Change: +133.59%

$ODC$RGNT$SJM
Sectors

Sector Update: Consumer Stocks Mixed in Afternoon Trading

Consumer stocks were mixed Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.2%.In sector news, Redbook US same-store sales rose by 9.1% from a year earlier in the week ended June 6 after a 9.0% year-over-year increase in the previous week, with seasonal buying accounting for a smaller share of activity than in recent weeks.In corporate news, J.M. Smucker (SJM) reported better-than-expected fiscal Q4 results on Tuesday, while the food producer's full-year earnings outlook came in above Wall Street's estimates at the midpoint. Its shares jumped past 10%.United Natural Foods (UNFI) shares fell more than 11% after the company reported fiscal Q3 net sales below Wall Street's estimates on Tuesday. The food distributor also logged double-digit declines in conventional and retail sales.Academy Sports and Outdoors (ASO) raised its full-year outlook on Tuesday as fiscal Q1 earnings topped market estimates, though the sporting goods retailer expects inflationary pressures to continue weighing on consumer spending for the rest of 2026. Its shares added 0.9%.

$ASO$SJM$UNFI
Sectors

Sector Update: Consumer

Consumer stocks were mixed Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.9%.In corporate news, J.M. Smucker (SJM) reported better-than-expected fiscal Q4 results on Tuesday, while the food producer's full-year earnings outlook came in above Wall Street's estimates at the midpoint. Its shares jumped 11%.

$SJM
Asia Markets

US Equity Futures Rise Pre-Bell as Oil Prices Drop Amid Optimism on US-Iran Peace Deal

US equity futures were higher pre-bell Tuesday as oil prices receded on optimism that a US-Iran peace agreement could happen soon.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.8% higher.West Texas Intermediate crude oil dropped to below $90 a barrel as President Donald Trump said in a CNBC report that a deal to end the Middle East war could be reached in "two to three days," with the Strait of Hormuz reopening "immediately" after the agreement is signed. The two countries are nearing a deal "that will not in any way allow nuclear weapons," Trump said, according to the report.Front-month global benchmark North Sea Brent crude was down 1.5% to $92.85 per barrel and US West Texas Intermediate crude 2.1% lower at $89.39 per barrel.The US international trade deficit narrowed to $55.88 billion in April from the downwardly revised $56.59 billion gap in March, compared with a $56.1 billion gap expected in a survey compiled by Bloomberg.The existing home sales report, scheduled for release at 10 am ET, is expected to show an increase of 1.1% for May after a gain of 0.2% in the prior month.In other world markets, Japan's Nikkei closed 2.2% higher, Hong Kong's Hang Seng ended 0.4% lower, and China's Shanghai Composite finished 1.3% higher. Meanwhile, the UK's FTSE 100 was down 0.3%, and Germany's DAX index was 0.5% higher in Europe's early afternoon session.In equities, Meta Platforms (META) stock was up 1% after a Reuters report that a probe on the use of AI tools on its messaging service WhatsApp was stopped by Italy's competition authority due to jurisdictional overlap with European Union regulators. Broadcom (AVGO) and Micron Technology (MU) shares rose 1.2% and 4.5%, respectively, as part of a broader rally in the tech sector. J.M. Smucker was up 4.7% after the company posted higher fiscal Q4 adjusted earnings and net sales.On the losing side, SailPoint (SAIL) shares fell more than 12% despite posting higher fiscal Q1 adjusted earnings and revenue. Sony (SONY) stock was down 2.6% after Nikkei Asia reported that the company will release a new flagship version of its Xperia smartphone with AI-enabled camera functions on Thursday.

Dow JonesNasdaq CompositeS&P 500$AVGO$META$MU$SAIL$SJM$SONY
J.M. Smucker Fiscal Fourth-Quarter Results Top Views; Issues Upbeat Full-Year Earnings Outlook
US Markets

J.M. Smucker Fiscal Fourth-Quarter Results Top Views; Issues Upbeat Full-Year Earnings Outlook

J.M. Smucker (SJM) reported better-than-expected fiscal fourth-quarter results on Tuesday, while the food producer's full-year earnings outlook came in above Wall Street's estimates at the midpoint.The Jif peanut butter maker's adjusted earnings rose to $2.77 a share for the quarter ended April from $2.31 the year before, surpassing the FactSet-polled consensus of $2.64. Sales improved 6% to $2.27 billion, just ahead of the Street's view for $2.26 billion. The stock rose 5.4% in the most recent premarket activity."We delivered positive net sales and earnings growth in the quarter, while navigating a dynamic external environment, and we are entering fiscal year 2027 with meaningful momentum," Chief Executive Mark Smucker said in a statement.For fiscal 2027, the company anticipates adjusted EPS between $9.75 and $10.25. The midpoint of the range is above the Street's estimate of $9.81. In fiscal 2026, adjusted EPS fell 10% to $9.15.Sales are forecast to drop by 3% to 4% from the previous fiscal year's result of $9.05 billion. The average analyst estimate is for sales of $9.09 billion.The annual decline in sales is driven by a decrease in net price realization, reflecting the company's expectations around green coffee deflation as it passes on lower costs to the consumer in the form of reduced prices, as well as lower volume and mix, Smucker said in prepared remarks. "While green coffee deflation is expected to be a headwind to net sales, it is a tailwind to profitability," the CEO added.In the fourth quarter, the Folgers and Cafe Bustelo coffee brands owner's comparable net sales grew 6%, reflecting a 10% boost from higher prices, mainly for coffee and sweet baked goods, that was partially offset by a 4% decline in volume/mix.By segment, revenue climbed 12% to $830.6 million in the US retail coffee business. Retail pet food revenue inclined 2% to $401.7 million, while US retail frozen handheld and spreads ticked up 1%. Sweet baked snacks segment sales slipped 5% to $237.2 million.For the current three-month period, J.M. Smucker expects adjusted EPS to increase by a mid-teen percentage, Chief Financial Officer Tucker Marshall said in the prepared remarks. Sales are forecast to be flat, with unfavorable volume and mix offsetting a low-single-digit increase in prices, according to Marshall. The Street is looking for non-GAAP EPS of $2.18 and sales of $2.17 billion."As the fiscal year progresses and we plan to pass through additional green coffee deflation as our cost structure improves, net pricing will become a headwind to net sales for the total company," Marshall said.

$SJM
Japan

US Equity Futures Rise Pre-Bell as Oil Prices Drop Amid Optimism on US-Iran Peace Deal

US equity futures rose pre-bell Tuesday as oil prices receded on optimism that a US-Iran peace agreement could happen soon.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.9% higher.West Texas Intermediate crude oil dropped under $90 a barrel as President Donald Trump said a deal to end the Middle East war could be reached in "two to three days," with the Strait of Hormuz reopening "immediately" after the agreement is signed. The two countries are nearing a deal "that will not in any way allow nuclear weapons," Trump told reporters after attending the NBA Finals in New York City.Traders observed the latest round of earnings, with J.M. Smucker (SJM) posting higher fiscal Q4 adjusted earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.6% at $92.79 per barrel and US West Texas Intermediate crude 1.9% lower at $89.57 per barrel.The international trade in goods report, scheduled for release at 8:30 am ET, is expected to post a deficit narrowing to $56.1 billion from $60.3 billion in the prior month, according to estimates compiled by Bloomberg.The existing home sales report, scheduled for release at 10 am ET, is expected to show an increase of 1.1% for May after a gain of 0.2% in the prior month.

Dow JonesNasdaq CompositeS&P 500$SJM

Showing 1-20 of 34

Track with the FINWIRES app suite

FolioX
FolioX
Track SJM in your portfolio
WheelAI
WheelAI
Analyze SJM options with the wheel strategy
StockInsider
StockInsider
See market sentiment on SJM