J.M. Smucker FY27 Q1 GAAP net income swings to USD 324.3 million; net sales rise 5% to USD 2.22 billion - SJM News | RalliesJ.M. Smucker FY27 Q1 GAAP net income swings to USD 324.3 million; net sales rise 5% to USD 2.22 billion
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SJM• Quarterly results and outlook
- J.M. Smucker posted GAAP net income of USD 324.3 million, swinging from a loss; diluted EPS was USD 3.03.
- Net sales rose 5% to USD 2.22 billion; GAAP operating income climbed to USD 511.6 million.
- Non-GAAP adjusted EPS increased 71% to USD 3.24, including a USD 0.84 benefit from tariff refunds.
- Operating cash flow was USD 425.7 million; free cash flow totaled USD 337.3 million, versus negative free cash flow a year earlier.
- FY2027 outlook raised: net sales seen down 1% to 2%, adjusted EPS USD 10.50-USD 11.00, free cash flow about USD 1.1 billion.
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