J.M. Smucker reports Q4 sales up 6%, adjusted EPS up 20%, but FY27 sales expected to decline 3-4%.

J.M. Smucker Co. reported a 6% increase in net sales to $2.3 billion and a 20% rise in adjusted earnings per share to $2.77 for Q4 fiscal 2026, driven by higher prices despite volume declines. Full-year sales rose 4% to $9.1 billion, with adjusted EPS down 10% to $9.15. The company expects fiscal 2027 net sales to decline 3-4%, but adjusted EPS to increase to $9.75-$10.25, supported by improved profitability and disciplined capital management. Free cash flow remains strong, with $484 million in Q4 and $1.2 billion for the year.