While reporting financial results for the first quarter on Wednesday, consumer goods company J. M. Smucker Co. (SJM) maintained its adjusted earnings guidance for the full-year 2026, while raising annual net sales growth outlook.
For fiscal 2026, the company still projects adjusted earnings in the range of $8.50 to $9.50 per share.
Net sales growth is now expected at 3 to 5 percent, with comparable net sales growth of approximately 4.5 to 6.5 percent, up from the prior guidance for net sales growth of 2 to 4 percent, with comparable net sales growth of approximately 3.5 to 5.5 percent.
On average, analysts polled expect the company to report earnings of $9.17 per share on sales growth of 3.11 percent to $9.0 billion for the year. Analysts' estimates typically exclude special items.
The company said it continues to operate in a dynamic and evolving external environment, including tariffs and related trade impacts, regulatory and policy changes, ongoing input inflation, and changes in consumer behaviors that impact its fiscal year 2026 outlook.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.