Smucker raises fiscal 2027 outlook. J.M. Smucker stock sits 14.47 percent below its high

Published on 10/06/2026 at 15:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted EPS rose 71 percent to USD 3.24 in fiscal 2027 first quarter. J.M. Smucker stock costs EUR 103.63 versus EUR 103.55 on October 6, 2026.

Comicstil-Frühstückstisch mit Marmelade, Erdnussbutter, Kaffee und Toast in Popfarben — Farbenfrohe Pop-Art-Comic-Illustration einer Frühstücksszene repräsentiert kreativ die Konsumgüterwelt von Smucker (J.M.) Co., ISIN US8326964058, Illustration mit AI erstellt.

The J. M. Smucker Company (ISIN US8326964058) was trading at EUR 103.63 at Lang & Schwarz on October 6, 2026 at 3:12 p.m. CEST, up 0.08 percent versus the prior close of EUR 103.55. The NYSE quote was USD 116.23 on October 5, 2026, leaving the stock 14.47 percent below its USD 135.89 52-week high. On September 24, 2026, Zacks Investment Research reported that Smucker raised its fiscal 2027 outlook.

Adjusted earnings reset the outlook

For fiscal 2027, adjusted earnings guidance increased to USD 10.50-11.00 per share from USD 9.75-10.25. The sales outlook also improved to a 1 percent to 2 percent decline from an earlier forecast for a 3 percent to 4 percent decline.

Zacks Investment Research said on September 25, 2026, that adjusted earnings per share reached USD 3.24 in the fiscal 2027 first quarter, up 71 percent year over year and above the USD 2.21 consensus estimate. Net sales rose 5 percent year over year to USD 2,219.3 million.

Tariff refunds strengthen the comparison

The quarter included USD 115 million of tariff refunds, contributing USD 0.84 per share to adjusted earnings. That one-time benefit makes the underlying improvement more important because the guidance also assumes flat companywide volume and mix.

Adjusted gross margin expanded to 42.80 percent from 35.20 percent in the fiscal 2026 first quarter. Excluding the tariff refunds, the margin improvement was still 240 basis points, according to Zacks Investment Research on September 25, 2026.

Cash flow must broaden the recovery

Operating cash flow reached USD 425.7 million in the fiscal 2027 first quarter, compared with cash used for operating activities of USD 10.6 million in the prior-year quarter. Free cash flow reached USD 337.3 million, versus negative USD 94.9 million a year earlier.

The stronger cash generation gives Smucker room to reduce debt while funding Uncrustables capacity and brand investment. The counterweight is portfolio breadth: lower coffee pricing and weaker sweet baked snacks still leave the sales outlook negative despite the improved earnings range.

Euro quote stays above prior close

The Lang & Schwarz quote was EUR 103.63 on October 6, 2026 at 3:12 p.m. CEST, plus 0.08 percent versus the prior close of EUR 103.55 on October 5, 2026. The primary listing is on the NYSE, where the October 5 quote was USD 116.23 and the 52-week range was USD 88.25 to USD 135.89. The further course of trading is shown by the continuously updated real-time quote of J.M. Smucker stock.