J.M. Smucker Falls as Q2 Revenue Miss Offsets In-Line Earnings
J.M. Smucker Co. (NYSE: SJM) shares slid more than 3% on Tuesday after the company reported fiscal second-quarter results that met profit expectations but fell short on revenue amid continued pressures from higher commodity costs and tariffs. Adjusted EPS was 2.3 billion, slightly below analyst expectations of $2.32 billion. Comparable net sales increased 5%, driven by an 11-percentage-point benefit from higher pricing—particularly in coffee. Howeve ...