J.M. Smucker beats estimates and raises full-year outlook

J.M. Smucker reported a strong fiscal Q1 with revenue of $2.2B, above the $2.13B estimate and up 5% year over year.
Adjusted EPS reached $3.24 versus $2.22 expected, while free cash flow came in at $337.3M compared with the $115M estimate.
Coffee revenue rose 13%, while Frozen Handheld & Spreads grew 3% and Pet Foods increased 1%.
$SJM raised its FY27 adjusted EPS outlook to $10.50-$11.00 and now expects approximately $1.1B in free cash flow.
Management also improved its sales outlook, now expecting a decline of 1%-2% versus the previous forecast for a 3%-4% drop.