The J.M. Smucker Co., owner of Folgers coffee, saw a 22% drop in profit in its coffee division, leading to a first-quarter loss. The company cited Trump administration tariffs affecting its coffee division. Smucker’s shares fell 5% in intraday trading, with plans for additional price increases due to tariff impact.

Despite a 1% revenue drop in the first quarter, Smucker raised its full-year sales growth guidance to 3-5% and reaffirmed adjusted EPS guidance. The company mentioned challenges such as tariffs, trade impacts, input inflation, and changing consumer behaviors affecting its fiscal year 2026 outlook. Shares fell 5% in intraday trading.

Read more at Yahoo Finance: J.M. Smucker Stock Drops as Tariffs Ding Coffee Results