The J. M. Smucker Co. reported fiscal first-quarter 2027 net sales of about $2.22 billion, up 5% year over year and ahead of the $2.13 billion consensus, as higher coffee prices added 4 percentage points and volume and mix added 1 point. Adjusted earnings rose 71% to $3.24 per share, beating the $2.22 estimate and including an $0.84 tariff-refund benefit; the company expects a full-year net tariff benefit of about $0.60 per share after reinvesting proceeds in marketing and SG&A. Adjusted gross profit rose 28% to $950.2 million and adjusted operating income rose 46% to $540.7 million, while operating cash flow reached $425.7 million and free cash flow $337.3 million. U.S. Retail Coffee sales rose 13%, Uncrustables-supported frozen handheld and spreads gained 3%, and sweet baked snacks fell 7%. Smucker raised fiscal 2027 adjusted EPS guidance to $10.50–$11.00 from $9.75–$10.25 and lifted its sales forecast to $8.87–$8.96 billion from $8.69–$8.78 billion, still implying a 1%–2% sales decline. On the earnings call it said it will not cut coffee list prices and will instead use promotions; it also reached its 3-times leverage target early and is evaluating share repurchases while prioritizing debt reduction. Shares were up 4.10% at $130.59, a new 52-week high.