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J.M. Smucker Lifts Fiscal 2027 Outlook After Q1 Results ‘Exceeded Our Expectations’
J.M. Smucker shares entered Wednesday up 28% since the start of the year.Credit: Smith Collection / Gado / Getty ImagesKey TakeawaysJ.M. Smucker raised its fiscal 2027 adjusted earnings forecast to $10.50–$11 per share, up from $9.75–$10.25.The company reported better-than-expected Q1 earnings of $3.24 per share on $2.22 billion in revenue.Smucker narrowed its projected net sales decline to 1%–2% and increased its free cash flow outlook to $1.1 billion.The J.M. Smucker Co.’s fiscal 2027 first-quarter results “exceeded our expectations,” CEO Mark Smucker said. As a result, the parent of Jif…
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