J.M. Smucker set for worst day ever after downbeat annual earnings forecast

Shares of Uncrustables maker J.M. Smucker SJM.N fall as much as 14.3% to $95.85 - lowest since March 2020

Stock set for worst day on record, if losses hold

Co forecasts annual adjusted EPS between $8.50 and $9.50, below analysts' estimates of $10.26 - data compiled by LSEG

However, co forecasts annual net sales growth between 2% and 4%, above the expected 1.84% growth

Says outlook impacted by a dynamic and evolving external environment, including tariffs and related trade impacts, regulatory and policy changes, ongoing input inflation, and changes in consumer behaviors

Q4 net sales fell 3% to $2.14 billion, narrowly missing estimates of $2.19 billion, while adjusted EPS of $2.31 beat expectations of $2.13

*Brokerage D.A. Davidson maintains "neutral" rating on stock

Adds, co's initial FY26 guidance underscores trade and policy uncertainty, which points to multiple pressures across food products

Up to last close, stock had risen 1.6% YTD