Here's Why J.M. Smucker Stock Jumped Today
Shares of J.M. Smucker (NYSE: SJM) jumped on Tuesday morning after the company reported strong profits for its fiscal 2025 second quarter and raised its full-year guidance. As of 10:40 a.m. ET, the stock was up by about 8%.
When it comes to Smucker, many people only think about jams and jellies, but in recent years, it has diversified its food portfolio to include coffee, pet food, and -- with its acquisition of Hostess about a year ago -- snack cakes.
J.M. Smucker grew its fiscal Q2 comparable net sales by 2% year over year. Adjusting for currency fluctuations, divestitures, and the acquisition of Hostess, sales were up 17% to $2.3 billion. This number was expected. However, the company's profitability was slightly better than expected, which is the big story today.
Source Fool.com
