J.M. Smucker's Adjusted EPS Jumped 71%. Take Out the Tariff Refund and Here's What the Quarter Actually Looked Like.

U.S. stocks closed lower on Wednesday due to elevated inflation data and caution ahead of the Fed's Jackson Hole symposium. The Dow fell 0.21%, S&P 500 dropped 0.02%, and Nasdaq declined 0.08%. Meta rose 1.07% after a $16.7B lawsuit settlement, while Abercrombie & Fitch surged 35.67% on revised guidance. Investors await Nvidia's earnings for AI sector insights.

Abercrombie & Fitch (ANF) rose 35.7% after reporting stronger-than-expected quarterly profit and raising its full-year earnings forecast. JM Smucker (SJM) climbed 4.3% on similar results. Intuit (INTU) fell 3.2% despite beating earnings expectations, due to a weaker-than-expected profit forecast. Meta Platforms (META) gained 1.1% after a $17B settlement. Inflation data showed a 3.7% rate, slightly worse than expected, with Treasury yields ticking higher.

J.M. Smucker (SJM) shares rose 4.5% after reporting Q2 earnings and sales above estimates, with net sales of $2.22B and adjusted EPS of $3.24. The company raised its full-year outlook, expecting a 1-2% sales decline and adjusted EPS of $10.50-$11.00. Shares closed at $130.81, a 52-week high.

U.S. stock markets were mostly unchanged after a report showed inflation was slightly worse than expected. The S&P 500, Dow, and Nasdaq saw minor declines. Treasury yields ticked higher, and traders still expect a Fed rate hike by year-end. Nvidia's earnings report is anticipated after market close. Abercrombie & Fitch and J.M. Smucker rose on strong earnings, while Intuit fell on a lower-than-expected forecast. Meta Platforms gained after a $17B settlement. Oil prices fluctuated due to geopolit

J.M. Smucker (SJM) reported Q1 FY2027 EPS of $3.24, beating estimates by 46.6% due to a $115M tariff refund. The stock hit a 52-week high of $134.85. Management raised full-year EPS guidance to $10.50–$11.00. Coffee segment sales rose 13%, while Sweet Baked Snacks declined 7%. The company reduced leverage to 2.9x, ahead of schedule. Analysts have mixed views on future performance.

J.M. Smucker (SJM) shares rose 4.52% after reporting Q1 fiscal 2027 net sales of $2.2B, up 5% YoY, driven by price hikes and volume growth in key brands. Adjusted earnings rose 71% to $3.24 per share, and free cash flow improved to $337.3M. The company raised its full-year outlook, including adjusted EPS to $10.50-$11 and free cash flow to ~$1.1B, and increased its quarterly dividend to $1.12 per share.