By Connor Hart
J.M. Smucker guided for sales to decline in the coming year as it leans away from price increases, looking instead to drive volume growth in key areas and improve profitability.
The owner of Jif peanut butter and Folgers coffee on Tuesday projected net sales to decline 3% to 4% in its fiscal 2027. Analysts polled by FactSet are looking for sales of $9.09 billion in the coming year, marking a 0.4% increase from last year.
The company said its expectation for lower sales reflects lower net price realization, as well as a decline in sales volumes.
J.M. Smucker also guided for adjusted earnings of $9.75 to $10.25 a share, compared with analyst views for $9.81 a share.
Looking forward, Chief Executive Mark Smucker said the company is focused on driving organic volume growth across its key platforms, while also improving profitability and maintaining a disciplined approach to capital deployment.
The outlooks came as J.M. Smucker swung to a fiscal fourth-quarter profit of $388.1 million, or $3.64 a share, from a loss of $729 million, or $6.85 a share, a year earlier.
Stripping out one-time items, earnings were $2.77 a share. Analysts were looking for adjusted earnings of $2.64 a share.
Net sales rose 5.8% to $2.27 billion, roughly in line with Wall Street models and boosted by higher pricing for coffee products and sweet baked goods.
Shares climbed 4.2%, to $106.02, in premarket trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
June 09, 2026 07:25 ET (11:25 GMT)
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