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J.M. Smucker shares jump after FY2027 earnings beat and faster deleveraging

The company reported adjusted EPS of $3.24, but noted tariff refunds lifted the beat, while it reduced net debt-to-EBITDA leverage to 2.9x.

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J.M. Smucker Co. shares surged after the consumer staples company reported a first-quarter earnings beat for its 2027 fiscal year, with the stock jumping roughly 12% on the results. According to MarketBeat Ratings, the adjusted EPS came in at $3.24, about $1.02 above the $2.22 forecast, a 45% beat.

The apparent profit outperformance included an $0.84 per-share one-time benefit tied to tariff refunds. With that stripped out, MarketBeat Ratings says the underlying beat was closer to 26%. Smucker also posted revenue of $2.22 billion, ahead of the $2.13 billion forecast and 5% higher than the $2.11 billion a year earlier.

MarketBeat Ratings highlighted that growth was driven more by pricing than volume, with higher coffee prices accounting for more than 4% of sales growth. Smucker issued full-year net sales guidance calling for a 1% to 2% decline, underscoring ongoing demand pressure.

The stock move also reflected the company’s balance-sheet progress. MarketBeat Ratings said Smucker set a goal of bringing net debt-to-EBITDA leverage below 3x after earlier acquisition-related borrowing, and this quarter showed leverage at 2.9x, down from 3.8x a year earlier, alongside free cash flow improving to $337.3 million from negative $94.9 million.

Latest closeCoffee $297.35 ▼13.1%

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