JM Smucker beats quarterly estimates as coffee segment drives growth
JM Smucker (SJM) reported stronger-than-expected fourth-quarter results, driven by its coffee business, sending shares up about 12%. The company posted net sales of $2.27 billion, a 6% increase year-over-year, and adjusted earnings per share of $2.77, beating analyst estimates. Despite anticipating a modest decline in fiscal 2027 net sales due to green coffee deflation, management expects gross margin expansion, a full-year adjusted EPS range higher than previous estimates, and continued dividend payments, alongside strong free cash flow generation.
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