JM Smucker Stock Jumps as Jam Maker Beats Profit Estimates and Boosts Its Outlook

Key TakeawaysJ.M. Smucker shares surged Tuesday after the food company posted better-than-expected earnings and boosted its outlook as frozen foods and coffee lifted sales.The company pointed to gains in sales of its Uncrustables, Meow Mix, Cafe Bustelo, and Jif products.CEO Mark Smucker said the firm is focusing on integrating Hostess Brands, which it bought last year. J.M. Smucker (SJM) shares gained Tuesday after the food company beat profit forecasts and raised its outlook on booming sales of its frozen ...