J. M. Smucker reports Q1 growth driven by coffee sales

The J. M. Smucker Co. reported strong financial results for the first quarter of fiscal year 2027, with net sales increasing 5 percent year-on-year to US$2.2 billion. Growth was primarily driven by higher coffee pricing and increased volumes in segments such as Dunkin’ and Café Bustelo.

Adjusted earnings per share rose 71 percent to US$3.24, a significant jump that included an US$0.84 benefit from tariff refunds received during the quarter. The company also saw a substantial shift in cash flow, with cash provided by operating activities reaching US$425.7 million, compared to a cash use of US$10.6 million in the prior year.

Following these results, the company updated its full-year fiscal 2027 outlook, raising expectations for net sales, adjusted earnings per share, and free cash flow.