J.M. Smucker Stock Slumps After Earnings. Profit Expected to Fall in Fiscal 2026.
J.M. Smucker stock fell sharply Tuesday after the packaged food maker reported mixed quarterly earnings and projected a downturn in profit in its current fiscal year. The company posted adjusted earnings of $2.31 a share for its fiscal fourth quarter, above Wall Street’s call for $2.24, according to FactSet. J.M. Smucker shares fell 12% to $97.97, putting the stock on pace for its largest percent decrease since October 19, 1987, when it fell 14.3%, and its lowest close since March 23, 2020.