By Adriano Marchese

J.M. Smucker narrowed its full-year guidance while higher prices for coffee drove revenue and profit growth in its second quarter.

The food and beverage products company on Tuesday narrowed its expectations for the full fiscal year, lifting the lower end of its net sales growth and trimming the top end. The company now expects net sales to rise 3.5% to 4.5%, compared with its previous guidance of a 3% to 5% increase. Analysts polled on FactSet expect revenue of $9.08 billion.

Adjusted earnings were similarly trimmed, now expected between $8.75 and $9.25 a share, compared with a previous expectation of between $8.50 and $9.50 a share, and a Wall Street target of $9.11 a share.

Free cash flow and capital expenditures were left unchanged at $975 million and $325 million, respectively.

For the three months ended Oct. 31, J.M. Smucker, which owns household name brands such as Jif, Folgers and Smucker's, posted net income of $241.3 million, or $2.26 a share, compared with a loss of $24.5 million, or 23 cents a share, in the same quarter a year ago.

Adjusted earnings came to $2.10 a share, meeting analyst forecasts, according to FactSet.

Sales rose 3% to $2.33 billion, topping analyst expectations of a more modest rise to $2.32 billion.

The company credits the rise to higher coffee prices, which added 11 percentage points, but noted that this was tempered by a drop in sales volume, driven by lower demand for coffee, peanut butter, dog snacks, and the loss of contract manufacturing tied to last year's pet food divestiture.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

November 25, 2025 07:27 ET (12:27 GMT)

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