JM Smucker Stock Jumps as Jam Maker Beats Profit Estimates and Boosts Its Outlook | Global News Avenue

JM Smucker (SJM) shares rose on Tuesday after the food company beat profit expectations and raised its outlook for strong frozen food sales and rising coffee prices.

The owner of its namesake Jell-O, Folgers coffee and milk-bone dog biscuits reports adjustments Earnings per share (EPS) Profit for the second quarter of fiscal 2025 was $2.76, which was higher than analysts’ forecasts. Revenue increased 17% year over year to $2.27 billion, in line with expectations.

Strong sales of Uncrustables, Meow Mix and Jif products boosted results

The company said growth was driven by strong sales of Uncrustables frozen crustless sandwiches, Meow Mix cat food, Cafe Bustelo coffee and Jif peanut butter.

The company’s U.S. retail frozen handhelds and spreads segment revenue increased 5%, and U.S. retail coffee segment revenue increased 3%. Pet food and international catering revenue declined.

CEO Mark Smucker said the company will focus on its strategic priorities “including the integration of the Hostess brand,” adding that the company is “taking decisive action” to grow Hostess, which it acquired a year ago.

JM Smucker said it now expects full-year earnings per share to be between $9.70 and $10.10, up from its previous forecast of $9.60 to $10.

Shares of JM Smucker were up more than 5% in intraday trading on Tuesday, although despite Tuesday’s gains, the stock remains in negative territory for the year.