Here's Why J.M. Smucker Stock Jumped Today

Shares of J.M. Smucker (NYSE: SJM) jumped on Tuesday morning after the company reported strong profits for its fiscal 2025 second quarter and raised its full-year guidance. As of 10:40 a.m. ET, the stock was up by about 8%.When it comes to Smucker, many people only think about jams and jellies, but in recent years, it has diversified its food portfolio to include coffee, pet food, and  -- with its acquisition of Hostess about a year ago -- snack cakes.J.M. Smucker grew its fiscal Q2 comparable net sales by 2% year over year. Adjusting for currency fluctuations, divestitures, and the acquisition of Hostess, sales were up 17% to $2.3 billion. This number was expected. However, the company's profitability was slightly better than expected, which is the big story today.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool