The J.M. Smucker Company (NYSE: SJM) shares are trading lower on Wednesday. The company reported first-quarter adjusted earnings per share of $1.90, missing the analyst consensus estimate of $1.93. Quarterly sales of $2.113 billion (down 1% year over year) missed the Street view of $2.115 billion. Adjusted operating income fell 17% year over year to $370.3 million. Adjusted EBITDA as of quarter end was $178.9 million, lower than $475.4 million in the year-ago period. Adjusted EBITDA margin contracted to 8.5% from 22.4% a year ago. JM Smucker reaffirmed its fiscal year 2026 adjusted earnings per share guidance of $8.50 to $9.50 and raised its fiscal year 2026 sales outlook to a range of $8.988 billion to $9.162 billion. SJM shares are trading lower by 4.44% to $105.68 at last check Wednesday.

Read more at Yahoo Finance: JM Smucker Sees Profit Pressure But Raises Annual Sales Outlook