The J.M. Smucker Co. (NYSE: SJM) reported its first quarter 2025 earnings outcomes right this moment.
Internet gross sales elevated 18% year-over-year to $2.13 billion. Comparable gross sales elevated 1%.
Internet earnings rose 1% to $185 million in comparison with final yr. GAAP EPS decreased 3% whereas adjusted EPS grew 10% to $2.44.
Earnings beat expectations whereas gross sales got here in line.
The corporate lowered its outlook for the total yr of 2025. It now expects web gross sales to extend 8.5-9.5% from the earlier yr versus the sooner vary of 9.5-10.5%. Comparable gross sales are anticipated to extend 0.5-1.5%. Adjusted EPS is now anticipated to vary between $9.60-10.00 versus the earlier vary of $9.80-10.20.
The inventory dropped over 2% in premarket hours on Wednesday.
