J.M. Smucker falls after Q1 miss
Jif peanut butter maker J.M. Smucker's SJM.N shares fall 4.20% to $105.94 in morning trading, after co misses Q1 profit estimates
SJM reports Q1 adj. EPS of $1.90 vs estimates of $1.93 - data compiled by LSEG
Co reports Q1 sales of $2.11 billion, largely in line with analysts' estimate
Co says Q1 results reflect divestiture of some Sweet Baked Snacks value brands and Voortman business
SJM also reiterates FY adj. EPS forecast of $8.5 to $9.5
*"Management held FY26 EPS guidance as higher tariff impacts expected to offset better than feared coffee elasticity" - Jefferies
As of last close, stock has risen 0.42% YTD
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