J.M. Smucker Stock Is Rising Before the Bell — The Earnings Beat Comes With a Sales Warning
J.M. Smucker shares rose before Tuesday’s opening bell after the Folgers coffee and Jif peanut butter maker beat fourth-quarter profit estimates and projected higher fiscal 2027 earnings, even as it warned that annual sales would fall. The stock was quoted at $105.10 in extended trading at 09:01 a.m. EDT, up 3.16%; the NYSE core session was due to open at 9:30 a.m. Eastern time. The rally is not clean. Investors are trying to decide whether Smucker can turn lower sales into better profit as the packaged-food industry shifts away from price hikes and back toward volume growth — selling more units — after a long stretch of inflation-driven pricing.